During the first half of 2019, Amber Grid, which is the natural gas transmission system operator belonging to EPSO-G group of energy transmission and exchange companies, earned EUR 26 million of revenue, compared to EUR 27.5 million of revenue earned during the same period last year.
The Board of Amber Grid made a decision on the conclusion of the agreement for the purchase of the construction works of the international gas pipeline GIPL with companies forming the group of economic entities, Alvora and Šiaulių dujotiekio statyba. Estimated value of the contract – EUR 79.85 million (excluding VAT). The final decision will be made at the Extraordinary General Meeting of Shareholders of Amber Grid to be held on 28 August.
Today Lithuanian natural gas transmission system operator Amber Grid entered into the agreement with a Polish company Izostal S.A. for the purchase of steel pipes to be used for the construction of the international gas pipeline interconnection GIPL. The value of the contract is EUR 26.4 million (exclusive of VAT). The decision to enter into the agreement was approved by the extraordinary general meeting of Amber Grid shareholders that was held on the 23rd of July.
The European gas network forms an integral part of the EU’s energy needs and its plans to meet the carbon reduction figures set out in the Paris Agreement. It already forms a significant role in the energy mix accounting for 22 percent of the energy usage, and with the growth of power-to-gas technologies initiatives, it is expected to grow.
Amber Grid informs its current and potential users on the opportunity to submit their non-binding demand indications for incremental capacity at interconnection point with Latvia and Poland. Such information should be submitted within 8 weeks starting from 1st July 2019.
