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In the month of May, the annual trade turnover exceeded 3 TWh
In the last month of spring 2022, the annual turnover of the GET Baltic gas exchange exceeded 3 TWh of natural gas. 417 GWh were traded in May, which is 32% more than in April 2022 (315 GWh), also 1,915 transactions were concluded in May, which is 22% or 345 transactions more compared to April. 42% of the total volume traded on the gas exchange was purchased In Lithuania, in the common Latvian-Estonian market area – 41%, and in Finland – 17%. From the 417 GWh natural gas traded, 36% were cross-border (ICA) transactions. All transactions for the May delivery were short-term products. 48 exchange participants actively submitted orders to the exchange and all of them successfully concluded transactions.
In May prices of individual transactions ranged from 85.00 EUR/MWh to 158.00 EUR/MWh. The value of the Baltic and Finnish natural gas price index BGSI, which measures changes in natural gas prices on a daily market amounted to 101.30 EUR/MWh. At the Lithuanian market area, BGSI amounted to 97.64 EUR/MWh (↓12%), at the Latvian-Estonian common market area – 105.43 EUR/MWh (↓6%), and in Finland – 103.82 EUR/MWh (↓4%).
More detailed information is on the Baltic-Finnish Gas Exchange Trading Report – May 2022.
All Baltic-Finnish Gas Exchange Trading Reports are available at www.getbaltic.com.