Lithuanian natural gas transmission system operator (TSO) AB Amber Grid held stable financial results in the first half of this year. The company earned EUR 32.6 m revenue, EUR 20.3 m EBITDA and EUR 10.9 m of net profit in the first half of this year. These indicators are slightly lower than in the first half of year 2016. Meanwhile gas consumption in Lithuania remained stable over the period.
On July 1 natural gas transmission system operators of the Baltic countries – AB Amber Grid (Lithuania), Connexus Baltic Grid AS (Latvia), and Elering AS (Estonia) have started using the implicit capacity allocation model to allocate short-term natural gas transmission capacities at interconnection points between the Baltic countries. The mechanism connects capacity allocation with trading in GET Baltic gas exchange. At the same time UAB GET Baltic started to operate market areas of the gas exchange in Latvia and Estonia becoming a regional exchange.
Lithuania’s natural gas transmission system operator, AB Amber Grid, reports a decline in its revenue and profit as compared to the same quarter of last year. The decline was due to the recent changes in the transmission service structure, as well as by the fact that the transmission service prices applicable this year were set at a lower level after the estimate of the surplus revenue of previous periods.
The natural gas transmission system operators of the Baltic countries – AB Amber Grid (Lithuania), Connexus Baltic Grid AS (Latvia), and Elering AS (Estonia) – have signed agreements on transmission capacity allocation at connection points between the three Baltic countries.
The Ordinary Meeting of Shareholders of AB Amber Grid has approved the Company's operating audited results for the year 2016, which did not vary from the preliminary ones that were announced in the begining of the year. The Meeting also approved the Financial statements and the Annual Report.
