Latvijas Gaze Statement on Natural Gas Supplies

Source: www.gulfoilandgas.com 7/29/2022, Location: Asia

In the course of its business, the JSC “Latvijas Gaze” purchases natural gas from other suppliers, paying in the EUR currency as required under the regulatory framework effective in Latvia. There are no natural gas supplies currently taking place from the PJSC “Gazprom”.

Importantly, the JSC “Latvijas Gaze” is not the only natural gas trader to purchase and receive natural gas in the Baltic region from Russia.

Under the amendments to the Energy Law in force since 28.07.2022, natural gas supplies from Russia shall be prohibited as of 01.01.2023. Up until that date, natural gas supplies from Russia are allowed.

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