Analysis about "Latvijas gāze"
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In 9 months of 2010 LG sold to consumers 1 200.9 million m3 of gas, which is by 25.6 or 244.9 million m3 more than it had been budgeted and by 22.8% more than in the respective period of 2009th.
The increase of natural gas consumption among both industrial and residential customers during the 9 months of 2010th stems from the protractedly low air temperature in the 1st quarter of 2010th and competitive natural gas sale price because clients received natural gas from Inčukalns Underground Gas Storage Facility (hereinafter - Inčukalns UGS) which was bought in autumn 2009th for considerably lower price than fuel oil price in the market because of the rising oil product quotations in the stock exchange. In the beginning of 2009th there was opposite trend heat supply companies began to use fuel oil and other alternative fuel because of the high natural gas prices.
The gas injection season at the Inčukalns UGS began in April 11, 2010th. Upon the commencement of natural gas injection, the reserves of active gas at the Inčukalns UGS were 51.4 million nm3.
In 9 months of 2010th, consumers were sold natural gas and provided services for LVL 230.4 million, which is by 3.2 % less than in the respective period of 2009th, still by 29.4% more than planned in the budget of 2010th. The fall of income towards the respective period of 2009 th stems from the industrial users and residential customers being applied the discriminative natural gas sale end tariffs in the 1st quarter of 2010th. These tariffs corresponded to the natural gas sale price, which was by 82.6 % lower than in Q1 of 2009th. The income, compared to 2009th, decreased both from industrial and household customers. The income from transmission and storage, for its part, increased, as other countries used the services of the Inčukalns UGS more intensively due to the cold weather, as well as there were higher tariffs of natural gas storage in the 1st quarter of 2010th.
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