The total of revenues came from transmission services for the transport of natural gas, amounting to EUR 29.3 million. Revenues from gas flow balancing services contributed equally to the growth, as did the extremely high gas prices and the redistribution of gas flows in the system, with more gas transported to Latvia and Poland.
Revenue from gas balancing services was the main contributor to the significant increase. In the first half of 2022 it increased more than 7 fold to EUR 25.9 million EUR 3.4 million in the first half of 2021 Balancing costs amounted to EUR 24.2 million EUR 2.8 million in the first half of 2021, which is a significant change in revenues and expenses, but did not have a significant impact on the financial results.
Amber Grid's EBITDA before interest, taxes, depreciation and amortisation for the first half of 2022 was EUR 15.5 million, compared to EUR 17.8 million last year. Net profit was EUR 7.5 million compared to the net profit of EUR 12.5 million in the same period last year. The lower profitability was due to lower gas transmission tariffs imposed on higher revenues in previous periods and high natural gas prices, which are the largest part of the energy used by Amber Grid for its operations.
The geopolitical changes influenced by the war in Ukraine have also fundamentally changed gas flows in the Amber Grid's system. The terminus Klaip da LNG became the most important gas access route to the Baltic region after the cessation of natural gas imports from Russia. Since May with the start of the GIPL interconnector, gas shipments to Latvia have increased 14 fold, and also to Poland. The Lithuanian market is experiencing changes, shrinking by more than a third as a result of record natural gas prices. In the first half of 2022, the natural gas infrastructure operated by Amber Grid delivered around 11% more than in the same period in 2021, according to Amber Grid. The EBITDA and net profit figures for the first half of the year are above expectations, given that the prices for transmission services in 2022 have been declining, says Gytis Fomininas, Amber Grid's CFO.
High gas prices and the volume of gas flows have resulted in higher costs. This year's costs increased by a factor of 2.4 compared to the first half of 2021. The cost for gas was for the technological needs of the transmission system.
In the first half of 2022, 19.1 terawatt hours of TWh of gas were delivered to Lithuania, excluding transit to the K nigsberg region. This is a 24% increase compared to 15.4 TWh transported to Lithuania at the same time last year. The 7.8 TWh of gas was transported via pipeline to Latvia for the needs of the other Baltic States and Finland, as well as storage in the In ukalnis underground gas storage facility. This is 14 times more than in the first half of 2021, and is 14 times more than that in the first half of 2021.
In 2022, three major changes were consolidated: Lithuania stopped importing gas from Russia, another gas supply source opened the GIPL interconnector with Poland, and the Klaip da LNG terminal became the most important gas access route to the Baltic Sea. The Lithuanian gas system has undergone a major reorientation and Amber Grid has ensured stability and reliability of the system after abandoning its former supplier in the east.
The financial results of the Amber Grid are consolidated and include the results of the gas exchange GET Baltic. Amber Grid owns 100% of the share capital of GET Baltic.