In the three quarters of this year, the natural gas transmission system operator Amber Grid, belonging to EPSO-G, a state-owned group of energy transmission and exchange companies, earned EUR 38.7 million of consolidated revenue, compared to EUR 39.1 million of revenue that was earned in the same period last year. The net profit in this period amounted to EUR 7.8 million, while the net profit for the three quarters last year amounted to EUR 7.7 million.
Amber Grid will re-evaluate the final public procurement tender proposals for the construction of gas interconnection between Poland and Lithuania (GIPL) in line with the findings indicated by the country’s Public Procurement Office.
The Board of Amber Grid has temporarily appointed chairman of the Board Nemunas Biknius as a CEO of the company. He will take up the post after the CEO of Amber Grid Saulius Bilys has resigned on October 28 due to personal reasons.
Within three quarters of 2019, gas consumption in Lithuania has increased by 10 percent, and under favorable conditions in the international gas market, gas transmission to the neighboring Baltic States has almost doubled.
On 10 October 2019, the National Energy Regulatory Council approved AB Amber Grid natural gas transmission services tariffs that will come into effect from 1 January 2020.
New prices for natural gas transmission services are published here.
