Latvijas Gāze

Stock performance

History

Latvijas Gāze was founded following Latvia's independence to manage the country's natural gas supply and distribution infrastructure, historically relying heavily on Russian gas imports before Latvia, along with its Baltic neighbors, worked to diversify energy sources following Russia's 2022 invasion of Ukraine.

Business model

Latvijas Gāze distributes natural gas across Latvia, operating the country's gas transmission and distribution infrastructure and, historically, its major underground gas storage facility used to serve the wider Baltic region.

Market position

Latvijas Gāze holds a dominant position in Latvia's natural gas distribution market, and the country's substantial underground gas storage capacity has given it a notable regional role in Baltic energy security.

Country impact

Latvijas Gāze is a critical piece of national energy infrastructure in Latvia, and its role has become especially significant amid the broader Baltic region's effort to reduce dependence on Russian natural gas since 2022.