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Press release
August 29th, 2014 Reduced natural gas price temporarily improved AB Lietuvos Dujos performance results
In Half 1 of this year, net profit of the natural gas supply and distribution company AB Lietuvos Dujos amounted to LTL 126.2 million; the profit of the Company experienced significant growth due to the reduction of imported natural gas price, however, this effect will be adjusted when accounting for results of the 3rd quarter of 2014.
  
“Pursuant to accounting standards, the discount received for natural gas was accounted for as profit in the 2nd quarter, however, a special provision was formed in financial statements of the 3rd quarter which we intend to use for the reduction of the price of natural gas sold by AB Lietuvos Dujos. In the assessment of usual activities of the Company, investors and market participants should take into account the temporary nature of the effect of the discount on the Company’s performance results,” said Viktoras Valentukevičius, General Manager of AB Lietuvos Dujos.
 
Press release
July 22nd, 2014 AB Lietuvos Dujos will pay LTL 53.3 million as dividends
During the General Meeting of Shareholders of AB Lietuvos Dujos held on 22 July, 2014 a decision was made to pay LTL 53.3 million as dividends, or 18.3 Lithuanian cents per share.
 
Press release
May 29th, 2014 The Commission approved the natural gas tariffs for household customers set by the Board of Directors of AB Lietuvos Dujos that will be effective from 1 July 2014
 
On 29 May 2014, the National Commission for Energy Control and Prices (hereinafter - the Commission) approved the natural gas tariffs for household customers set by the decision of the Board of Directors of AB Lietuvos Dujos of 22 May 2014 that will be effective from 1 July 2014. 
 
The variable component of the natural gas tariff decreases for household customers, on average by 20%, due to a significant reduction in gas import prices and compensation applied due to the change in the terms and conditions of the import contract and the difference between the import prices for the year 2013.
 
Press release
May 23rd, 2014 The Board of Directors of AB Lietuvos Dujos approved the natural gas tariffs for household customers effective from 1 July 2014
 
The Law on Natural Gas of the Republic of Lithuania provides that natural gas tariffs for household customers are revised twice a year. On 22 May 2014 the Board Directors of AB Lietuvos Dujos decided to reduce significantly natural gas tariffs for household customers that will be effective from 1 July 2014. Due to decreased natural gas import price and compensation for year 2013, variable component of the natural gas tariff decreases for all household customers subgroups. The fixed component of the natural gas tariff for all household customers’ subgroups from 1 July 2014 shall remain unchanged.
Press release
May 13th, 2014 Pre-audit results of AB Lietuvos Dujos for Quarter 1 of 2014
In the implementation of the provisions of the EU’s Third Energy Package and pursuant to the Terms and Conditions of the Spin-off, on 31 July 2013, AB Lietuvos Dujos transferred the natural gas transmission activity to AB Amber Grid. For comparability of information, the profit (loss) statement for Quarter 1 of 2013 was restated presenting transmission activity as discontinued.
  
Compared to respective period of the previous year, in Quarter 1 of 2014, pre-audit sales of AB Lietuvos Dujos decreased by 15% and amounted to LTL 513.9 million, while in Quarter 1 of 2013 sales of continued activities totaled LTL 604.4 million. The decrease in sales came as a result of the decline in the natural gas volumes sold and lower gas sales price.
 
Press release
May 8th, 2014 AB Lietuvos Dujos reached agreement regarding a reduction in natural gas import price
In accordance with the decision of the General Meeting of Shareholders and upon receiving the authorization of the Board of Directors, AB Lietuvos Dujos entered into an agreement with the supplier of natural gas OAO Gazprom regarding a significant reduction in the price of natural gas imported by AB Lietuvos Dujos. The share of natural gas imported by AB Lietuvos Dujos is approx. 40 per cent of the total amount of gas in the Lithuanian market. This agreement finalized long-running and complex negotiations between AB Lietuvos Dujos and OAO Gazprom.
 
Press release
April 30th, 2014 AB Lietuvos Dujos Board of Directors approved tariffs for household customers effective from 1 July 2014
The Law on Natural Gas of the Republic of Lithuania enacted that tariffs for household customers are revised twice a year. In accordance with the provisions of the Law on Natural Gas and requirements, set by the National Control Commission for Prices and Energy (hereinafter referred to as “the Commission”) to submit these tariffs to the Commission not later than 2 months before they come into force, with due consideration of natural gas import prices changes in the 2st Half of 2013 and the global tendencies of oil and currency markets (forecasts), on April 30 2014 the Board of AB Lietuvos Dujos decided to reduce natural gas tariffs for residents by 3.2% as compared to the currently valid ones. Tariffs approved by the Board’s decision have been presented for verification by the Commission