KRONBERGS ČUKSTE DERLING has asisted the Latvian Ministry of Economy

KRONBERGS ČUKSTE DERLING has asisted the Latvian Ministry of Economy on amendments to the Latvian Energy Law on liberalization of the natural gas market, the unbundling of natural gas transmission and storage system operator from JSC Latvijas gāze and exit of current Latvijas gāze shareholders from the unbundled entity. As the amendments of Energy Law amendments involved complex discussions with current shareholders of Latvijas gāze having objections against the timeline and terms of natural gas market liberalization, we are delighted to see that Latvijas gāze has just established a sister company Conexus Baltic Grid, which will shortly become a natural gas transmission and storage system operator.