Latvian gas utility to set up new transmission and storage firm

Latvijas Gaze AS

22/12/2016 09:15

RIGA, Dec 22 (Reuters) - Shareholders of Latvian gas utility 
Latvijas Gaze  GZE1R.RI   voted on Thursday to set up a new 
company, Conexus Baltic Grid, to operate the Baltic state's main 
gas pipelines and the region's only underground gas storage. 
    Latvijas Gaze has to restructure its operations to meet 
European Union rules, and the change also comes ahead of market 
liberalisation in April which will end the monopoly on supply 
held by Russia's Gazprom  GAZP.MM  for decades. 
 
 (Reporting by Gederts Gelzis; writing by Nerijus Adomaitis; 
editing by David Clarke) 
 ((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters 
Messaging: nerijus.adomaitis.thomsonreuters@reuters.net)) 
 
Keywords: LATVIJAS GAZE RESTRUCTURING/