Investor Presentaiton
LATVIA HAS FULLY SWITCHED FROM RUSSIAN GAS TO THE NEW ALTERNATIVES
Baltic states, including Latvia, are diversified away from Russian gas
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Latvia made timely decisions. Gas supply integrity in the Baltic Finnish region
provides security
Latvia's access to global gas market is ensured by:
1. Primary gas channel with Klaipeda LNG floating terminal in Lithuania and Lithuania-
Poland interconnection (GIPL). Klaipeda is planning to expand the LNG capacity.
2. New floating LNG terminal in Finland operational since January 2023. Additional
infrastructure available also in Estonia.
3. Inčukalns is a unique underground natural gas storage and the 3rd largest in
Europe with the 22.6 TWh total technical capacity (for period 2023/2024) that
exceeds Latvia's annual needs.
FINLAND
BALTIC-
CONNECTOR
Inkoo
LNG
ESTONIA
LNG
LATVIA
Inčukalns
Gas Storage
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Inčukalns gas storage capacity is 100% reserved for the 2023/2024 cycle
■ As of 1st July 2023, Inčukalns gas storage capacity is fulfilled 50% more than it was
at the end of April 2022. Total technical capacity of Inčukalns is already fully booked
for the upcoming heating season.
Latvia is well-prepared to tackle a possible energy shortage by creating gas energy
security reserves of 1.8 TWh in December 2022.
■ In 2022, annual gas consumption decreased by over 30%, from 12,5 TWh in 2021 to
8,8 TWh in 2022, impacted not only by austerity measures in 2022/2023 season, but
also gradually replacing gas heating systems with alternative systems.
Klaipeda
LNG
POLAND
LITHUANIA
GIPL
PIPELINEView entire presentation