Energy, Gas, Gas Market , Latvia
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Sunday, 06.10.2024, 01:08
Natural gas distribution system operator Gaso posts 6% decrease in turnover in nine months
The company's management report says that the volume of natural gas supplied to Gaso users in January-September this year amounted to 737,000 cubic meters, which is 24% less than in the first nine months of 2019. The decrease is attributed to warmer weather, which resulted in a decrease in consumption in all distribution system's tariff categories.
The distribution system's revenue in the first nine months was EUR 33.9 mln, which accounts for 97% of Gaso's total revenue and is 4% less than in the first six months in 2019.
The management report says that Gaso continued to develop a secure and accessible natural gas distribution infrastructure.
Gaso's turnover in the first nine months of 2019 was EUR 37.151 mln and profit - EUR 5.943 mln.
Gaso is a subsidiary of gas utility Latvijas Gaze. The company is the only natural gas distribution system operator in Latvia. Gaso started operations in December 2017.
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