He emphasized that, in general, the supply situation for the winter can be assessed as safe.
At the same time, Baris also noted that natural gas injection is still ongoing.
“So far, we have not reached last year’s level of natural gas, which we probably will not reach, however, the current volumes are enough to safely wait for the winter,” said Baris.
He informed that the natural gas was mainly pumped in from Finland’s Inko liquefied natural gas (LNG) terminal, as well as from the Klaipeda LNG terminal in Lithuania.
He also reminded that there are no natural gas deliveries from Russia this year either.
Baris emphasized that currently the market participants have fully reserved the capacity of the Inčukalnas underground gas storage. The capacity of Inčukalnas underground gas storage, together with Latvian state reserves, is 25 TWh.
He also added that on October 1, amendments to the Energy Law will come into force, and the Inčukalna underground gas storage facility will have to provide storage of four TWh of natural gas for the solidarity needs of neighboring countries.
It has already been reported that in the middle of September of last year, 19.8 TWh of natural gas was pumped into the Inčukalnas underground gas storage, which is 80% of the storage capacity, and was the largest filling of the storage during the relevant period in the last five years.
The turnover of “Conexus” last year was 76.468 million euros, which is 38.7% more than the year before, while the company’s profit increased by 42.3% – up to 16.172 million euros.
“Conexus” is the unified natural gas transmission and storage operator in Latvia, which carries out storage infrastructure maintenance and improvement measures, implements necessary investments in infrastructure development, monitors and controls storage stability, and is also responsible for reserving and selling storage capacity.
The largest shareholder of “Conexus” is the state-owned “High Voltage Network” (68.46%), while 29.06% of the shares belong to the “MM Capital Infrastructure Fund” managed by the Japanese company “Marubeni”, and 2.48% to other shareholders.
2024-09-21 18:17:26