Latvijas Gaze once again announces that it will not be able to ensure strategic reserves of natural gas

  • 2022-08-20
  • LETA/TBT Staff

RIGA - In a statement to the Nasdaq Riga Stock exchange, joint-stock gas supply company Latvijas Gaze (LG), which is partially owned by Russia's Gazprom, stated that it reiterates that the natural gas quantity available in the Incukalns Underground Gas Storage Facility as at the date of publishing this statement is 0,45 TWh.

''Importantly, the natural gas quantity of 1,030,979,720 MWh being kept on the storage capacities of the JSC LG in the Incukalns Underground Gas Storage Facility is destined for other merchants in order to meet the contractual obligations assumed under the effective long-term supply contracts,'' according to the statement.

Having regard to the above, the natural gas quantity available as at August 31 will be 0,29 TWh, the company claims.

''Since in August it was not possible for LG to purchase the natural gas quantity planned via pipeline supplies, the natural gas quantity available as at 31.08.2022 will be lower,'' the company said.