The exchange records a downward trend in prices: gas prices fell by 24% in February
In February, the GET Baltic Gas Price Index (BGSI), which captures changes in natural gas prices on the daily market, decreased by 24% to 31.39 EUR/MWh. This marks the lowest monthly BGSI value since July 2021. The decline in prices follows the European price trend, influenced by high gas storage rates and a relatively warm winter.
The BGSI fell to 28.77 EUR/MWh (↓14%) in the Lithuanian market area in February and to 25.93 EUR/MWh (↓16%) in the Latvian-Estonian common market area. The most expensive transaction (86.00 EUR/MWh) and the cheapest transaction (5.00 EUR/MWh) occurred in the Finnish market area, where the BGSI price index was 45.47 EUR/MWh (↓29%) in February.
A total of 1 TWh of natural gas was traded on the exchange in February. The largest volume was traded in the Latvia-Estonia common market area, where 467 GWh (45% of the total) were purchased and 501 GWh (48% of the total) were sold. There were 63 active participants on the exchange, all of whom successfully concluded transactions. Additionally, two new participants from Denmark and Latvia registered on the exchange in February.
For February delivery, two transactions totaling 7,200 MWh were concluded on the Baltic and Finnish monthly market. The Baltic-Finnish Gas Monthly Index (BGMI), which captures changes in natural gas prices on the monthly market, amounted to 30.00 EUR/MWh.
More detailed information is on the Baltic-Finnish Gas Exchange Trading Report February 2024.
All Baltic-Finnish Gas Exchange Trading Reports are available at www.getbaltic.com
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