The price of gas on the exchange increased by 8% in April

The Baltic-Finnish Natural Gas Price Index (BGSI), which captures changes in natural gas prices on the daily market, amounted to 33.30 EUR/MWh in April, increasing by 8% compared to March (30.73 EUR/MWh). The gas price rose significantly in the middle of the month, which was mostly influenced by colder weather in the second half of the month, leading to an increased gas demand in the market. However, as the weather warmed, the price changed to a downward trend. The resumption of operations of the Balticconnector pipeline from 22nd of April also contributed to the price decline, additionally reducing price difference between different market areas. The BGSI on the Lithuanian market area was 31.73 EUR/MWh (↑7%), on the Latvian-Estonian common market area it reached 33.24 EUR/MWh (↑14%) and on the Finnish market area it was 34.37 EUR/MWh (↑3%). The Baltic-Finnish Gas Monthly Index (BGMI), which captures changes in natural gas prices on the monthly market, was 30.00 EUR/MWh in April. Individual trade prices ranged from 24.55 EUR/MWh to 44.00 EUR/MWh.

In April, 2,396 transactions were executed and 642 GWh of natural gas were traded on the GET Baltic exchange (568 GWh in March), of which 88 GWh were cross-border (ICA) transactions. Compared to March, ICA trading volumes increased by more than three times. The main contributor to this increase was the previously mentioned resumption of operations of Balticonnector pipeline, through which 64 GWh were traded. In total, 617 GWh of natural gas was traded on the daily market and 25 GWh on the monthly market. The majority (42%) of gas was purchased on the Finnish market area, a third (33%) was purchased on the common Latvian-Estonian market area, while a quarter (25%) was purchased on the Lithuanian market area.

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

All Baltic-Finnish Gas Exchange Trading Reports are available at

Phone: +370 5 236 0000

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