1.  In  the  first half of 2003 JSC "Latvijas Gāze" sales (in physical

volumes) was:

Natural gas:  926.6 million m3;

LPG:   11.3 thousand tons

Compared  with  the respective period in 2002, the sales of natural gas

has  increased  by 22.5% or 170.4 million m3, or, is exceeds the target

figure  by  22.2%.  Sales of LPG have increased by 8.9% or 0.9 thousand

tons. The increase of sales is owing to the lower temperatures in 2003.

The industrial consumers "Latvenergo" and "Rīgas Siltums" have been the

main contributors to the increase of sales volumes.





     2.  Filling  up of Inčukalns underground storage started in April;

978.7 million m3 have been pumped in during the first half of the year.

The target figure has been met by 100.4%.

3.  Net sales in the first half of the year amount to LVL 59.8 million,

and the profit is LVL 5 million.

4.  JSC  "Latvijas Gāze" daughter company SIA "LPG" sales amount to LVL

3.37  million,  yet, not reaching the profit target due to the high has

procurement price.



   5. JSC "Latvijas Gāze" spent LVL 4,741.1 thousand to finance capital

investment programmes, breaking down as follows:

modernisation of technological equipments   LVL 2,782.1 thousand;

construction of pipelines    LVL 805.9 thousand;

reconstruction of buildings    LVL 612.5 thousand;

investment in non-tangible assets   LVL 53.5 thousand;

investment in other fixed assets   LVL 487.1 thousand.Key activities in

the first half of 2003:

1.  Company  representatives  participated  in  World Gas Conference in

Tokyo in June 2003.

2.  Analysis  of  the  company  real  estate  and  technical  equipment

revaluation  results, submitted by BDO "Invest Rīga", and clarification

of technical information.

3. Introduction of new tariffs starting with July 1, 2003.

4. Preparation of co-operation agreement with Rēzekne City Council with

regard  to  promoting  gasification  of the city, and drafting customer

agreements for the industrial clients at Rēzekne;

5. Amendments to the Collective Agreement pursuant to the environmental

risks indicated by independent experts.