Latvenergo works on long-term supply of liquefied gas

Latvenergo works on long-term contracts for the purchase of liquefied natural gas, the company's board chairman Mārtiņš Čakste told Latvian Television March 9.

In accordance with the government's decision, Latvenergo had already purchased two terawatt hours of liquefied gas, to replenish the gas reserves. The gas will be transferred to the Inčukalns underground gas storage in April and May.

Čakste said that, under “normal conditions”, Latvenergo gas would thus be sufficient for Latvia until March or April 2023.

Latvenergo is currently working on long-term solutions, Čakste said, starting negotiations with gas producers directly. The core countries are Qatar, the U.S. and Norway.

As reported earlier, in a critical scenario, Latvenergo could replace Latvijas Gāze in the gas supply.

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