Baltic-Finnish Gas Exchange Trading Report for September 2020 Has Been Announced

Rising natural gas prices marked the beginning of autumn 2020

In September 2020, by concluding 1,262 transactions, traded volume amounted to 247 GWh. Comparing to particularly active trading during last month of the summer (August 2020 – 344 GWh) – turnover fell by 28% but comparing year on year – traded volume surpassed more than twice (September 2019 – 108 GWh). More active trading was recorded in the Finnish market area: 45% of all traded volume was purchased in Finland (111 GWh), 42% in Lithuania (103 GWh) and 13% in common Latvian-Estonian market area (32 GWh). In September, 64% more natural gas was purchased in Finland compared to August (68 GWh). In total 49 participants actively submitted orders during September, 47 of them successfully concluded transactions.

The beginning of autumn brought the rising natural gas prices. Baltic-Finnish Gas Spot Index (BGSI) which captures daily market gas prices changes, value in September 2020 was 9.58 EUR/MWh. Comparing to the August 2020 (7.58 EUR/MWh) it raised by 22% however comparing year on year (September 2019 – 12.58 EUR/MWh) the price remained 24% lower. Participants concluded transactions in Lithuanian market area paid the weighted average price of 9.42 EUR/MWh (↑28%), in Latvian-Estonian common market area – 9.41 EUR/MWh (↑20%), in Finnish market area – 9.88 EUR/MWh (↑12%).

More detailed information is on the Baltic-Finnish Gas Exchange Trading Report – September 2020.

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