23 11.2017
The stable result of AB Amber Grid was determined by the increase in demand for gas transmission services and short-term capacity bookings

During the first three quarters of 2017, Lithuania‘s gas transmission system operator, AB Amber Grid, earned a revenue of EUR 46.8 million; the company’s EBITDA (earnings before tax, interest, depreciation and amortization) stood at EUR 27.9 million, and net profit stood at EUR 14.3 million.

15 11.2017
Next year natural gas transmission service price for Lithuanian system users will once again go down

On 14 November 2017, the board of Lithuania’s natural gas transmission system operator, AB Amber Grid, approved lower prices for natural gas transmission services effective as from 1 January 2018. The decision is still to be endorsed by the National Commission for Energy Control and Prices (NCC).

In 2018, natural gas transmission prices for Lithuanian system users, in energy transmission unit, in comparison with 2017, will decrease by on average 36.5% – to EUR 1.13 per MWh.

24 08.2017
Amber Grid held stable results in 2017 H1

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.

03 07.2017
A step to regional natural gas market: simplified gas trading and transportation in Baltic States

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.

25 05.2017
Due to operational efficiency raising efforts Amber Grid remains profitable also in the first quarter of this year

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.

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