On The Early Termination Of The Credit Line Contract Signed ...| MENAFN.COM

Monday, 05 December 2022 10:21 GMT

On The Early Termination Of The Credit Line Contract Signed With The Latvian Branch Of OP Corporate Bank Plc


(MENAFN- GlobeNewsWire - Nasdaq) English Latvian

The Joint Stock Company“Latvijas Gāze” and the Latvian branch of OP Corporate Bank plc have agreed upon an early termination of the credit line (overdraft) contract signed on September 22, 2017. All and any obligations arising from the previously signed credit line contract are terminated and cancelled on November 25, 2022.

Board of JSC“Latvijas Gāze”

On the JSC“Latvijas Gāze”

Latvijas Gāze is one of the leaders of the Baltic energy industry.
Our goal is to consolidate the leading position of the Latvijas Gāze Group in the Latvian and Baltic energy market by becoming the customers' first choice among natural gas suppliers and providing the most reliable natural gas supply for the entire region.
The wholesale and sale of natural gas to business customers is carried out in Latvia, Lithuania and Estonia. Following the opening of the Finnish gas market on January 1, 2020, Latvijas Gāze has successfully started natural gas trading in Finland as well. In the household segment, Latvijas Gāze is the biggest and most prominent natural gas trader in Latvia.
After Latvia regained its independence in 1991, a joint state-owned company“Latvijas Gāze” was established by merging the Latvian gas infrastructure and institutions. The privatisation of the company was commenced in 1997 and completed in 2002. Since February 15, 1999, the shares of the JSC“Latvijas Gāze” have been quoted on the Nasdaq Riga stock exchange. Taking into account the requirements of the European Union for the establishment of the natural gas market and the expiry of the privatisation agreement between the state and the shareholders of Latvijas Gāze, the unified transmission and storage operator JSC“Conexus Baltic Grid” was separated from Latvijas Gāze in early 2017, followed by the separation of the distribution system operator JSC“Gaso” on December 1, 2017.

Contact information:
Sandra Joksta

phone + 371 67 374 369




MENAFN25112022004107003653ID1105232996


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.