OREANDA-NEWS. In 3 months of the year 2016, the Latvijas Gāze sold to the consumers 516 million cubic meters of natural gas. In comparison with first quarter of 2015 the amount of natural gas sales was 22% higher.

The year 2016 saw a substantial price drop in the global oil markets, with influence on both the average natural gas purchase price and the annual income of Latvijas Gāze. In 3 month of 2016, the consumers were sold natural gas and provided services for 153 million EUR (previously 158 million EUR).

Despite the decrease in income caused by the price drop, the EBITDA of first quarter of 2016 have substantially improved against the respective period of the previous year and amount to 41.0 million EUR (previously 31.6 million EUR).