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Latvijas Gāze

A/S Latvijas Gāze
Traded as Nasdaq BalticGZE1R
Industry Energy
Founded 1991
Headquarters Riga, Latvia
Key people
Aigars Kalvītis (Chairman of the board and CEO)
Kirill Seleznev (Chairman of the supervisory board)
Products Natural gas storage, sale and distribution, energy trading
Revenue 469,1 million (2009)
Increase 27,2 million (2009)
Number of employees
1,336 (2009)
Website www.lg.lv

A/S Latvijas Gāze is a Latvian natural gas company, which deals in the importation, transmission, storage and sale of natural gas. It holds a monopoly on the natural gas market in Latvia. Latvijas Gāze is owned by Gazprom (34%), Marguerite Fund (28.97%), Uniper Ruhrgas International (18.26%) and Itera-Latvija (16%). The country's gas transmission network is scheduled to be unbundled from the company by the end of 2017. In January 2016 the Marguerite Fund acquired a 28.97% stake from E.ON leaving the latter, whose fossil fuel assets have been spun off as Uniper with 18.26%.



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