The change of ownership of GASO will have no impact on Latvijas Gāze customers

As of 17 July 2023, AS Eesti Gaas will become the sole owner of GASO

Aigars Kalvītis, Chairman of the Board of Latvijas Gāze, notes: “The said agreement is one of the steps in Latvijas Gāze’s strategic plan to rationalise its operations and focus on its core business, which is gas wholesale and retail.”

GASO is the only natural gas distribution operator in Latvia, providing natural gas network security, technical services and natural gas consumption accounting. The company’s operations have always been independent of Latvijas Gāze, so the change of ownership has no impact on Latvijas Gāze’s customers. The customer’s agreement with Latvijas Gāze for the supply of natural gas remains in force, as does the existing infrastructure for the supply of natural gas. 

The sales process consisted of a number of steps. Interested investors were approached, a package of data and information was prepared and sent to potential investors, and an investor due diligence process was performed. Following the receipt of offers from potential investors, an analysis of the offers was conducted, and a proposal was developed.

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