Baltic-Finnish Gas Exchange Trading Report for September 2021 Has Been Announced

The beginning of the autumn records the increased activity of gas exchange participants

During September 2021, 1,625 transactions were concluded on the gas exchange, which is 27% more compared month on month (August 2021 – 1,278). Respectively, 95% more of natural gas was traded – the trading turnover of the exchange in September amounted to 690.3 GWh (August 2021 – 354.8 GWh). With the growing gas demand on the exchange, participants were more active in placing orders on both: buy and sell sides. The volume of submitted orders to buy gas amounted to 1.5 TWh – 65% more compared to August, and to sell – 2 TWh, 24% more than previous month. A total of 39% of all placed orders were fulfilled during September (August 2021 – 28%). Orders were actively submitted by 45 exchange participants, all of them successfully concluded transactions.

Observing the growth of natural gas prices throughout the whole Europe, Baltic-Finnish Gas Spot Index BGSI, which reflects the prices of concluded transactions in the daily market, continues to rise. Compared to August, the price increased by 28%: from 37.22 EUR/MWh to 47.80 EUR/MWh. Compared to the same period last year, the value of the index increased as much as 4 times (September 2020 – 11.46 EUR/MWh). Participants concluded transactions in Lithuanian market area paid the weighted average price of 47.44 EUR/MWh (↑ 29%), in Latvian-Estonian common market area – 49.03 EUR/MWh (↑ 30%), and in Finland – 48.46 EUR / MWh (↑ 29%).

More detailed information is on the Baltic-Finnish Gas Exchange Trading Report – September 2021.

All Baltic-Finnish Gas Exchange Trading Reports are available at www.getbaltic.com.