Giedrė Kurmė returns as the CEO of GET Baltic gas exchange from the 5 December

Giedrė Kurmė returns as the CEO of GET Baltic gas exchange from the 5 December

As of 5 December, Giedrė Kurmė returns as the CEO of GET Baltic gas exchange after a maternal leave. She will replace the acting company CEO Jūratė Marcinkonienė, who has been in charge of the company since April 2021.

Giedrė Kurmė has been the CEO of GET Baltic since 2015. During these years of exchange activity, essential services to facilitate gas trading for market participants were developed, greatly increased the number of exchange participants and the turnover rates. The most substantial leap in exchange activity occurred at the beginning of 2020, when the Balticconnector gas pipeline connected the gas transmission networks of Estonia and Finland. After GET Baltic started operating in the Finnish market, and conditions for uninterrupted trading opportunities were secured, there was a significant increase in the number of exchange participants and concluded transactions, which in turn more than doubled the turnover. Since the beginning of this year, around 17% of the total annual gas consumption of the Baltic-Finnish region was purchased in the GET Baltic exchange.

According to J. Marcinkonienė, the company consistently achieves set goals, ensuring successful delivery and continuous improvement of its services.

“This year, after Lithuanian gas transmission infrastructure was connected to Europe, there was a noticeable increase in the Baltic-Finnish region attractiveness, which led to a significant increase in both existing and potential market participants interest in the services provided by the GET Baltic exchange”, says J. Marcinkonienė.

“I am grateful to Jūratė Marcinkonienė, who led the team of Baltic-Finish gas exchange for a year and a half. Even though this period was extremely tense in the energy sector, the company managed to maintain stable performance results and positive customer feedback”, says Viktoras Baltuškonis, Chairman of the Board of GET Baltic.

At the beginning of this year, the sole shareholder of GET Baltic, gas transmission system operator Amber Grid announced a selection of a strategic partner for its subsidiary GET Baltic exchange. The attraction of a new strategic partner is aimed to make use of the European gas market potential and open the possibility for GET Baltic to offer its clients the most advanced gas trading solutions.

Amber Grid, a gas transmission system operator belonging to the EPSO-G group, owns 100% of GET Baltic exchange shares. GET Baltic is a licensed operator of the natural gas exchange, with the status of registered reporting mechanism (RRM), which is granted by the ACER. The company administrates an electronic trading system for trading spot and forward natural gas products with physical delivery in the market areas located in Lithuania, Latvia, Estonia, and Finland. By providing high quality services, is seeking to contribute to increase in liquidity, competitiveness, and transparency of the wholesale gas market of the Baltic States and Finland.