Natural Gas Transmission System Operator
Amber Grid earned EUR 7.7 million net profit in 9 months

Lithuania’s natural gas transmission system operator AB Amber Grid reports a decline of 16,9 pct in its revenue as compared to the same quarter of last year. The main reason of the lower revenue is that the regulated transmission service prices applicable from the beginning of this year were set lower for the Lithuanian users of transmission system. The revenue has decreased also because of the lower gas consumption in fertilizer and energy sectors.

Revenue, profit


Amber Grid’s revenues in January-September 2018 totaled EUR 38.9 million, i.e. reduced by 16,9 pct compared to the same period of 2017.

Income from natural gas transmission services reduced mainly because of the average reduction by 36.5 % in regulated prices of transmission services since the beginning of the year for the Lithuanian system users.

Moreover, the amount of gas transmitted to the domestic exit point were 11.5 pct lower than planned. Gas consumption decreased because of system users in fertilizer and energy sectors.

Income from transportation to adjacent transmission systems increased due to larger transportation volumes.

In the period of January-September of 2018, profit before taxes reached EUR 8.5 million while EBITDA totaled EUR 18.2 million.

In the nine monthe of 2018, Amber Grid earned net profit of EUR 7.7 million. The main reasons for the decrease in profitability compared with the respective period of the previous year were lower transmission service prices and lower gas consumption resulting in decline of revenues.

Services


During the nine months of this year 15.2 TWh of natural gas was transported to Lithuanian customers up to the domestic exit point. Compared with the respective period of 2017, when 17.2 TWh of natural gas was transmitted, the transmission quantities have reduced by 11.5 pct.

6.5 TWh of natural gas, or 35,1 pct lower than in 2017 (10.5 TWh), were transmitted to consumers of Lithuania and other Baltic States through Klaipėda gas metering station (GMS). 9.8 TWh or 9.2 pct more than in 2017 (9 TWh) were transmitted through Kotlovka GMS.

1 TWh of natural gas was transmitted to Lithuania through Kiemėnai GMS and this was 24 times more than in 2017 (42 GWh).

While it was transmitted to Latvia through Kiemėnai GMS 2.2 TWh or 6.6 pct more than in 2017 (2TWh).

During the January-September period of 2018 the company transported 20.4 TWh of gas to Kaliningrad region of Russia and this was 12.7 pct more than in 2017 (18.1 TWh).

 

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