GET Baltic to move gas markets onto EEX platform

2024-06-06

As part of the planned integration of GET Baltic into EEX, a further step will be taken to transfer gas trading in the Baltic states and Finland to the EEX platform. It is planned that by the end of first quarter of 2025, GET Baltic’s customers will trade gas on EEX’s trading platform. While GET Baltic team will remain to serve the local customer base and further develop the product offering in line with market needs.

In preparation for these changes, GET Baltic is adjusting available maturities for its monthly contracts. As a result, these products may only be traded for delivery until February 2025, inclusively.

With the launch of natural gas products for Lithuania, Latvia, Estonia, and Finland at EEX, the natural gas markets will continue to benefit from having secure trading with wider range of market participants and business solutions, which will enable higher liquidity and more competitive gas prices.

The new products to be offered for trading on EEX will allow better integration with the pan-European gas markets, as well as enable wider hedging opportunities, such as Month Futures for the Baltic-Finnish gas markets for 12 months ahead, in addition to Quarterly, Season and Yearly Futures up to six years. Location spreads between these markets will also be available.

These changes are currently expected to take place in the first quarter of 2025, subject to market readiness and regulatory approvals. Following the conclusion, Trading Participants will have access to the entire European gas market suite operated by EEX, as well as the state-of-the-art clearing services provided by European Commodity Clearing AG (ECC).

Further information on planned products, technical details, contract specification and a cut-over plan for spot trading will be communicated in due course.

In order to obtain more details, we encourage you to attend the webinar series offered by GET Baltic and EEX. For the webinar schedule and to access recordings of past webinars please refer to our website: https://www.getbaltic.com/en/trading/baltic-finnish-gas-markets-integration-into-eex/