Latvijas Gāze

A/S Latvijas Gāze is a Latvian natural gas company, which deals in the importation and sale of natural gas.

A/S Latvijas Gāze
TypePublic
Nasdaq Baltic: GZE1R
IndustryNatural Gas
Founded1991
Headquarters,
Key people
Aigars Kalvītis (Chairman of the board and CEO)[1]
Kirill Seleznev (Chairman of the supervisory board)
ProductsNatural Gas
ServicesNatural Gas distribution
energy trading
Revenue€469.1 million (2009)[2]
€27.2 million (2009)[2]
Number of employees
1,336 (2009)[3]
Websitewww.lg.lv

Latvijas Gāze is owned by Gazprom (34%), Marguerite Fund (28.97%), Uniper Ruhrgas International (18.26%) and Itera-Latvija (16%).[4] In January 2016 the Marguerite Fund acquired a 28.97% stake from E.ON.[5][6]

The Latvia's gas transmission network was unbundled from the company in 2016 by establishing an independent transmission and storage company Conexus Baltic Grid.[7] For operating the distribution network, Latvijas Gāze established the gas distribution system operator Gaso.[7]

References

  1. "Aigars Kalvitis the new CEO at "Latvijas Gaze"". LETA. 2015-08-14. Retrieved 2016-02-12.
  2. "Joint stock company "Latvijas Gāze" Annual accounts for the year ended 31 December 2009" (PDF). nasdacomxbaltic.com. 2010-04-29. p. 15. Archived from the original (PDF) on 9 March 2012. Retrieved 2010-11-01.
  3. "Joint stock company "Latvijas Gāze" Annual accounts for the year ended 31 December 2009" (PDF). nasdacomxbaltic.com. 2010-04-29. p. 13. Archived from the original (PDF) on 9 March 2012. Retrieved 2010-11-01.
  4. "Joint stock company "Latvijas Gāze" Annual accounts for the year ended 31 December 2009" (PDF). nasdacomxbaltic.com. 2010-04-29. p. 3. Archived from the original (PDF) on 9 March 2012. Retrieved 2010-11-01.
  5. "Marguerite fund buys 28.97% of gas utility". Public Broadcasting of Latvia. 2016-01-28. Retrieved 2016-01-30.
  6. Gelzis, Gederts (2016-01-28). "EU's Marguerite fund buys 29 pct stake in Latvian gas utility". Reuters. Retrieved 2016-01-30.
  7. "Latvijas Gaze raises EUR 35 mln loan for Gaso capital". Public Broadcasting of Latvia. 2017-10-26. Retrieved 2017-10-29.
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