Baltic Gas Exchange Trading Report for December 2019 Has Been Announced

Annual results of 2019 reflect the stable growth of natural gas exchange

With the end of December GET Baltic captures its operating results of the year. As Lithuanian regulated energy producers became free natural gas market and active natural gas exchange participants, a record number of transactions were concluded on the exchange – 9,045 transactions, the total traded volume of 2019 has reached 2.86 TWh. Comparing year on year, traded volume exceeded result of 2018 by 2.6 times. In 2019, the first monthly market transactions were captured. About 15% of the total annual volume was traded in the long-term market. The number of active participants and concluded transactions as well as competition was increasing, liquidity was maintained and growing. The number of concluded transactions increased almost 3 times, while the number of active exchange participants boosted by 19% – from 27 to 32 participants. Year by year growing activity, traded volumes and number of market participants using the services provided by the gas exchange reflect the importance of the natural gas exchange instrument and constantly growing market participants confidence of it.

As trading volumes have been growing for the four consecutive months, in the last month of 2019, it has amounted to 313 GWh of natural gas. In December, 24 exchange participants actively submitted orders on the gas exchange and all of them successfully concluded transactions. A total of 827 transactions were concluded, all in the short-term market. As GET Baltic expansion to Finland attracted a lot of interest from the market, 17 new gas exchange participants, who are planning to trade on the Finnish market area, were registered during December. The rights to trade on the gas exchange Finnish market area have been granted starting from 1 January 2020.

Baltic Gas Spot Index (BGSI) which captures daily market gas prices changes in the Baltics, value in December 2019 was 17.51 EUR/MWh and compared to November 2019 (16.54 EUR/MWh), increased by 6%. Exchange participants concluded transactions in Lithuanian market area paid the weighted average price of 17.54 EUR/MWh (↑6%), in Latvian market area – 17.14 EUR/MWh (↑1%), Estonian market area – 17.61 EUR/MWh (↑7%).

More detailed information is on the Baltic Gas Exchange Trading Report for the December 2019.

All Baltic Gas Exchange Trading Report are available at www.getbaltic.com.