Latvijas Gāze

A/S Latvijas Gāze

Type	Joint stock company
Traded as	OMX: GZE1R
Industry	Energy
Founded	1991
Headquarters	Riga, Latvia
Key people	Aigars Kalvītis (Chairman of the board and CEO)[1] Kirill Seleznev (Chairman of the supervisory board)
Products	Natural gas storage, sale and distribution, energy trading
Revenue	€ 469,1 million (2009)[2]
Net income	€ 27,2 million (2009)[2]
Number of employees	1,336 (2009)[3]
Website	www.lg.lv

A/S Latvijas Gāze is a Latvian natural gas company, which deals in the importation, transmission, storage and sale of natural gas. It holds a monopoly on the natural gas market in Latvia. Latvijas Gāze is owned by Gazprom (34%), Marguerite Fund (28.97%), Uniper Ruhrgas International (18.26%) and Itera-Latvija (16%).^[4] The country's gas transmission network is scheduled to be unbundled from the company by the end of 2017.^[5] In January 2016 the Marguerite Fund acquired a 28.97% stake from E.ON leaving the latter, whose fossil fuel assets have been spun off as Uniper with 18.26%.^[6][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. 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. 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. Retrieved 2010-11-01.
5. "PM candidate: No delay on open gas market". Public broadcasting of Latvia. 2016-01-19. Retrieved 2016-01-30.
6. "Marguerite fund buys 28.97% of gas utility". Public broadcasting of Latvia. 2016-01-28. Retrieved 2016-01-30.
7. Gelzis, Gederts (2016-01-28). "EU's Marguerite fund buys 29 pct stake in Latvian gas utility". Reuters. Retrieved 2016-01-30.

External links

• Latvijas Gāze