Thus, “Latvijas gāze” indicates that it does not have enough natural gas to supply households, and it is unable to meet the provisions of the Energy Law regarding specific reserves, which had to reach 1.15 TWh on August 31.
At the same time, despite the mentioned amount of gas reserves belonging to “Latvijas gāzei” in the Inčukalnas underground gas storage and the limited possibilities of natural gas supply, the company as a public trader continues to work on solutions for providing related users with gas supply for the 2022/2023 heating season.
It has already been reported that the amount of natural gas for the supply of related users in the heating season is 1.15 TWh, thus, by the government’s decision, “Latvijas gāze” is obliged to store the mentioned amount of natural gas in the Inčukalna storage until September 30.
On the other hand, from October 1 to April 30, 2023, on the first day of each month, there must be at least the amount of natural gas in the storage that corresponds to the difference between 1.15 TWh and the amount actually delivered to related users from October 1, 2022 to the last date of the previous month . The public trader has no right to transfer these stocks to other users of the system.
The Ministry of Energy previously issued a statement stating that under the name of “Latvijas gas” natural gas is stored in the Inčukalna gas storage facility in a larger amount than is needed to supply households.
The unified operator of the natural gas transmission and storage system JSC “Conexus Baltic Grid” (“Conexus”) also confirmed that the amount of natural gas reserves of “Latvijas gas” is greater than required by the regulations adopted by the Cabinet of Ministers on the supply of energy users during early warning and alarm level announcements .
Contrary to the claims of “Latvijas gas” that the amount of natural gas owned by the company in the Inčukalna underground gas storage is less than the 1.15 TWh reserved by the government, “Conexus” states that the amount of natural gas reserves of “Latvijas gas” is currently greater than the requirements adopted by the Cabinet of Ministers rules for the supply of energy users during early warning and alert level declaration.
“Conexus” however adds that the issues of ownership of the gas stored in the Inčukalna underground gas storage are within the competence of the system users, and “Conexus” is obliged to ensure the protection of restricted information that “Conexus” has received from the system users, and is not entitled to disclose it.
On the other hand, the chairman of the board of “Latvijas gas” Aigars Kalvītis, on Wednesday, August 31, in the Latvian Television program “What’s happening in Latvia?” stated that the mentioned natural gas belongs to other merchants. Several businessmen, seeing the gas prices, instructed “Latvijas gāze” to purchase natural gas in the spring to store in the Inčukalnas underground gas storage.
“All of the natural gas that we currently own is reserved for other businesses,” emphasized Kalvītis, stating that the remaining approximately 0.3 TWh is in free circulation, which the company can deal with.
The largest shareholders of “Latvijas gas” are Russia’s “Gazprom” (34%), the fund “Marguerite Gas II.Sarl” (28.97%), the German company “Uniper Ruhrgas International GmbH” (18.26%) and SIA “Itera Latvija” (16%).
Source: Diena.lv by www.diena.lv.
*The article has been translated based on the content of Diena.lv by www.diena.lv. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!