Amber Grid has signed an agreement with the Lithuanian Business Support Agency under which European Union support will be allocated for the reconstruction of 18 km of sections of the Vilnius–Kaunas gas pipeline.
Having regard to the revenue cap set by the National Energy Regulatory Council (NERC), the Board of Amber Grid set the natural gas transmission prices for 2021 and submitted it to NERC for evaluation.
Given the changes in gas markets and energy as a whole that are taking place in Europe, as well as integration processes, taking reference to the latest data, experts started analysing the perspective of the economic and commercial benefits of the international GIPL gas pipeline in a pan-European context.
During the first quarter of this year, gas transmission system operator Amber Grid earned EUR 13.6 million in revenue, compared to EUR 15 million over the same period last year. The level of revenue as well as profitability was most affected by the 16 per cent lower transmission service tariff for system users that has been applied since the beginning of the year, as well as the decreased demand for gas transmission due to the unusually warm weather, especially in the heat production sector.
