In June, the price of gas in the Baltic-Finnish region increased by 9 percent

In June, The Baltic-Finnish Gas Spot Index (BGSI), which captures changes in natural gas prices on the daily market, increased by 9% from 36.56 EUR/MWh to 39.78 EUR/MWh compared to the previous month. Meanwhile, the average monthly price differences between different market areas of the gas exchange decreased  to 0.32 EUR/MWh. In Lithuania, the BGSI increased by 8% to 39.98 EUR/MWh, in the common Latvian-Estonian market area, BGSI rose by 10% to 39.66 EUR/MWh, and in Finland, the BGSI also grew by 10% to 39.74 EUR/MWh. Individual transaction prices in June ranged from 35.00 EUR/MWh to 54.35 EUR/MWh.

In June, a total of 427 GWh of natural gas was traded on the GET Baltic exchange, with the entire volume traded in the daily market. Cross-border (ICA) transactions accounted for a quarter (110 MWh) of the total volume traded in June. The largest volume of gas was purchased on the Lithuanian market area – 191 GWh (45% of the total volume), followed by Finland – 128 GWh (30% of the total volume) and the common Latvian-Estonian market area – 107 GWh (25% of the total volume).

In the second quarter of 2024, 6,647 transactions were concluded on the GET Baltic exchange, with a traded volume of 1.5 TWh of natural gas. In the monthly market, the traded volume for the second quarter of the year amounted to 25 GWh.

More detailed information is on the Baltic-Finnish Gas Exchange Trading Report June 2024.

All Baltic-Finnish Gas Exchange Trading Reports are available at www.getbaltic.com

Phone: +370 5 236 0000
E-mail: info@getbaltic.com

GET Baltic website uses two main types of cookies.

Our website uses essential cookies that are necessary for the proper functioning of the website and statistical cookies for the analysis of our traffic. With the following statement, you can agree to the use of cookies. More information in Cookies policy