Energy, Gas, Latvia, Legislation
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Saturday, 23.02.2019, 11:13
Latvijas Gaze subsidiary gets license for distribution of natural gas
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The license
has been issued for a period of 20 years – until December 6, 2037.
The decision of the regulator means that the services
so far provided by Latvijas Gaze will now be ensured by Gaso.
As reported, Latvijas Gaze shareholders decided at
a meeting in August to demerge the company by establishing a distribution
system operator - joint stock company Gaso.
According to the European Union directives and the
Energy Law, Latvijas Gaze has to separate natural gas distribution and
transmission systems by January 1, 2018. The natural gas transmission and
storage functions were separated from Latvijas Gaze by the establishment of
Conexus Baltic Grid in 2016, a company that is independent from Latvijas Gaze. On the other hand, natural gas distribution operator may be a subsidiary
of Latvijas Gaze.
Starting from December 7, 2017, Gaso will apply
the natural gas distribution tariffs approved by the regulator.
Gaso started
operations on December 1. The company’s board chairwoman is Ilze Petersone-Godmane, and other board members are Anton Bubenov, Joachim Hockertz, Baiba Bebre and Aleksandrs
Koposovs.
Gaso’s share capital
is EUR 39.9 million comprised of 39.9 shares with a face value of EUR 1 each.
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