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.
Amber Grid starts works of reconstruction of the sections of the international gas pipeline Vilnius-Panevėžys-Riga that stretch to the Lithuanian-Latvian border. A contract with the company MT Group was signed for the reconstruction of the pipeline. The total value of the project amounts to 8,1 million EUR (VAT exclusive), half of the funds were allocated from the European Union Structural Funds. Works of the reconstruction of the pipeline are expected to last until the end of the year.
Continuing active implementation of strategic projects, 2018 AB Amber Grid performed stably, providing services to system users significantly cheaper for the second consecutive year, and continued targeted improvement of its activities.
