Natural Gas Transmission System Operator
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.

25 04.2017
Shareholders approved AB Amber Grid operating results and distributed the earnings

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.

07 03.2017
EPSO-G group’s strategy : strategic projects, regional development and efficiency

On Tuesday, EPSO-G group, which controls the country’s energy transmission and exchange infrastructure, presented its five-year strategy, which outlines the key activities for a period until 2022. The strategy includes the Group’s financial targets and goals.

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