EEX to launch Baltic-Finnish gas markets on 27 May 2025

2024-10-15

The European Energy Exchange (EEX) will add natural gas products for Baltic-Finnish markets to its platform, currently operated by GET Baltic within EEX Group, from 27 May 2025. The product portfolio will comprise products for the gas spot (Within-Day, Day, Weekend) and derivatives (Month, Quarter, Season, Year) products for Lithuania, common market area of Latvia-Estonia and Finland. In addition, EEX will enable location spread trading between these markets and selected pan-European gas markets, which are already available at EEX. EEX will also extend its objective and transaction-based indices to the new market areas, such as EEX EGSI and EEX EOD. GET Baltic’s products for this region will not be available for trading from this date onwards.

Peter Reitz, CEO of EEX, comments: “By integrating the natural gas markets currently operated by GET Baltic into EEX, we enable access to all European gas markets of EEX Group with one single membership and on one common trading and clearing infrastructure. This ultimately extends the network of trading participants and allows trading of price differences between the Baltic-Finnish markets and the highly liquid pan-European gas markets available at EEX. We believe that this integration will result in significant increase of liquidity and, through cross-margining effects, capital efficiency for participants trading on these markets.”

Giedrė Kurmė, CEO of GET Baltic, comments: “Offering our customers a well-developed trading infrastructure with wider range of business solutions is a long-awaited and highly beneficial change for the market. Traders in the Baltic and Finnish region will gain access to a solid choice of services and products, will be able to participate in the wholesale short-term and futures markets, along with the access to clearing solutions. Additionally, they will also be introduced to products that have not been available in our market. I am confident that the benefits offered by a top-tier commodity trading platform and the opportunity to be part of a wider trading community will make the transition to this new level of quality trading in our region well worth the effort.”

Within EEX Group, GET Baltic will remain the key center of competence for the further development of gas markets in the region and ensure close cooperation with customers on site.

European Commodity Clearing (ECC) will assume the clearing and settlement for all transactions in the new products which allows for significant capital savings through cross-margining effects. In this context, ECC will extend its Direct Clearing Participant (DCP) membership to Baltic-Finnish gas spot markets. Currently available for the power and Guarantees of Origin (GO) spot markets, this membership facilitates access for smaller and medium-sized companies.

EEX and ECC have already started the process for onboarding trading participants to these new markets. All interested parties are invited to submit their applications now, to start trading Baltic-Finnish markets from the go-live date on 27 May 2025.

Please note, that the launch is subject to final decision by the EEX Exchange Council.

Furthermore, in preparation for the launch date, GET Baltic is extending trading maturities for its monthly contracts. As a result, monthly product may be traded for delivery until April 2025, inclusively.

Additionally, GET Baltic have compiled useful information to facilitate a smooth integration:

Newsletters. Two more newsletters were recently prepared to combine all the necessary information and documents related to the onboarding process:

All newsletters are archived here.

Webinars. GET Baltic has recorded a series of webinars designed to assist customers achieve a smooth integration into EEX and guide them through transition phase. The latest recordings cover:

To learn more and access all recorded sessions, click here.

FAQs: If you have any questions, we recommend visiting our Frequently Asked Questions (FAQ) section, where the answers to most inquiries about Baltic-Finnish gas markets integration into EEX can be found.

If you can’t find the answer to your question, GET Baltic team is happy to assist with any queries you may have. Contact us: [email protected]