OREANDA-NEWS. In 6 months of the year 2015, the JSC Latvijas G?ze sold to the consumers 628.6 million cubic meters of natural gas. In comparison with the respective period of 2014 the natural gas sales decreased by 8.8 % due to the differences in outdoor air temperature and investments by heat supply companies in the use of renewable energy resources and a partial replacement of fossil fuels with woodchip.

The gas injection season at the In?ukalns UGS began on May 27, 2015. Upon starting natural gas injection, the reserves of active gas at the In?ukalns UGS were 448.2 million m3. Additional 433.7 million m3 of natural gas were injected into the In?ukalns UGS in the first 6 months of the year 2015.

Over 6 months of 2015, the consumers were sold natural gas and provided services for EUR 235.6 million, which is by 11.6 % less than in the respective period of 2014. The decrease of income year-on-year stems from the lower natural gas sales volume and fact that during 6 months of 2015, due to changes in oil product quotations and currency rates, the residential and industrial customers were applied lower natural gas price. The income saw decrease both in the industrial and household sector.

The Company completed 6 months of 2015 with a profit of EUR 10.3 million, which is 3.7% lower than in the respective period 2014 when the Company profited EUR 10.7 million.

Within the framework of the capital investment programme, EUR 11.9 million of investment funds was spent over 6 months of 2015, mostly on the renovation of gas transmission and distribution pipelines and the reconstruction of wells.