Energy, Gas, Gas Market , Latvia
International Internet Magazine. Baltic States news & analytics
Wednesday, 17.04.2024, 20:40
Natural gas distribution system operator Gaso posts EUR 10.4 mln in preliminary 2019 profit
The report shows that Gaso supplied 1.332 mln cubic
meters (m3) of natural gas to clients in 2019, down 6% from 2018. The company
attributed the reduction to this winter's warmer weather conditions. The average
temperature this winter has been 2.7 degrees centigrade higher than last
winter.
The distribution system's revenue totaled EUR 48.6 mln last
year, accounting for 92% of Gaso's total revenue and dropping 1% from a
year before.
In 2019, Gaso concluded 1,582 agreements on
gasification and load increases for the total amount of EUR 856,000. Gaso
laid 24 kilometers of gas distribution pipes last year, extending the total
length of the network's pipes to 5,272 kilometers.
In 2018, Gaso turned over EUR 52.656 mln and made a
profit of EUR 10.97 mln.
Gaso is a subsidiary of the joint-stock natural gas
utility Latvijas Gaze. Gaso was founded in December 2017.
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