The natural gas transmission system operator Amber Grid submitted an application to the Innovation and Networks Executive Agency (INEA), on the financing of a project on the enhancement of capacity of the gas transmission pipeline interconnection between Latvia and Lithuania.
In promoting green gas production in Lithuania, in June, the natural gas transmission system operator Amber Grid will start providing businesses with guarantees of origin for gas produced from renewable energy sources. This is provided for in the Order of the Minister of Energy that was signed in May this year.
Regarding modern requirements, two gas distribution stations in Alytus and Jonava were renovated by Amber Grid. The value of these projects is EUR 4 million exclusive of VAT, half of which was allocated from the European Union Structural Funds.
The natural gas transmission system operator Amber Grid, part of state-owned energy transmission and exchange group EPSO-G earned EUR 15 million in revenue in the first three months of the year compared to EUR 15.6 million in the same period a year ago. The company’s revenue and the financial result was affected by lower demand for gas transportation services due to warmer temperatures in the first three months of 2019.
We invite you to watch a short video about the GIPL project. We present briefly the benefits of the project, partners, technical data and the schedule of the planned works.
