Inčukalns underground gas storage, Conexus
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Uldis Bariss, the chairman of the board of the natural gas system operator JSC Conexus Baltic Grid (Conexus), no longer flows natural gas from Russia to the Baltic states – Latvia, Lithuania and Estonia – since the beginning of April.
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– He explained that the supply comes from two suppliers – from the Klaipeda liquefied natural gas terminal and the Inčukalns natural gas storage.
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The chairman of the board of Conexus informed that Russia’s announcement that its natural gas will be paid for only in Russian rubles was a signal of the need to rapidly reduce its dependence on supplies from Russia, as it can no longer be relied on.
“While there was still doubt that Russian supplies could be relied on, these events clearly show that, from a security perspective, there is no longer any confidence. From the point of view of the state’s energy security, the state must unequivocally resolve the issue of the construction of the second liquefied natural gas terminal – the shorter the period, the better, ”stressed Bariss.
He noted that currently there is an unusual amount of gas in the storage for this period – 7.6 terawatt hours, which is almost the same as Latvia consumes in the winter months.
Therefore, there is certainly no cause for concern about the situation in the coming months.
It has already been reported that this year the opportunity to pump gas into the storage facility was offered from February 26, which is earlier than the usual start date of pumping.
Conexus’ turnover was also reported last year, according to preliminary data, at 56.439 million euros, up 4.8% from a year earlier, while the company’s profit rose 0.8% to 13.217 million euros.
Conexus’ largest shareholder is the state-owned High Voltage Network (68.46%), while 29.06% is owned by MM Capital Infrastructure Fund, managed by the Japanese company Marubeni, and 2.48% by other shareholders.
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