The average gas price on the GET Baltic exchange increased by 4% in January

On the GET Baltic gas exchange operating in the Baltic States and Finland, gas averaged EUR 48.92 per megawatt-hour (EUR/MWh) in January, or 4% more than in December (46.96 EUR/MWh). Compared to the previous year, the gas price in January was 18% higher—last year, the average price in the region for the first month was 41.46 EUR/MWh.

In January, the price of gas rose slowly in all exchange market areas: in Lithuania, gas was 4% more expensive, averaging 49.51 EUR/MWh. On the common Latvian-Estonian and Finnish market areas, gas rose by 5% each, averaging 48.18 EUR/MWh and 48.57 EUR/MWh respectively. Individual prices on the exchange in January ranged from 39 EUR/MWh to 60.11 EUR/MWh.

“Despite the mild winter weather, the first month of this year saw a significant volume of traded gas on the GET Baltic exchange. In January, 12% more transactions were made than in December, and trading volumes increased by 24% to 1.2 TWh of natural gas. More than half of the total volume traded on the exchange—643 GWh—was purchased at the Lithuanian trading area,” says GET Baltic CEO Giedrė Kurmė.

Throughout January, participants were active in placing orders. The volume of orders submitted by those buying gas amounted to 3.7 TWh and those wishing to sell gas amounted to 7.9 TWh. Last month, 55 participants placed orders on the Exchange.

More information:
Laura Šebekienė, Communications & Marketing Manager
Phone: +370 699 61246, [email protected]