Prices remain stable on the GET Baltic gas exchange

In November 2022, 749 GWh of natural gas were traded on the gas exchange, which is 39% more than in November last year (538 GWh in November 2021). The annual turnover of the exchange exceeded 6 TWh of natural gas. In November, the market prices of natural gas were mostly influenced by several main factors: filled up natural gas storages and warm autumn weather in Europe, as well as a significant decrease in natural gas consumption in the region. Due to the drop in prices and the beginning of the heating season, the number of orders to buy natural gas placed on the exchange have increased, reaching 4.8 TWh. Compared to the previous month, the volume increased by 61% (October 2022 – 3 TWh). The largest volume of purchases was in the Latvian-Estonian common market area, where 44% (330 GWh) of the total amount purchased was bought, while in the Lithuanian market area 39% (295 GWh) and in Finland 16% (123 GWh). A total of 2,374 transactions were concluded in November, all of them on a daily market. 54 participants of the exchange actively submitted orders on the exchange, all of them successfully concluded transactions.

Prices of individual transactions in November ranged from 35.01 EUR/MWh to 155.25 EUR/MWh. The value of the BGSI natural gas price index of the Baltic countries and Finland, which captures the changes in natural gas prices in the daily market amounted to 112.24  EUR/MWh, compared to last month it grew by 1%. At the Lithuanian market area, BGSI amounted to 107.45 EUR/MWh (↑4%), at the Latvian-Estonian common market area 117.47 EUR/MWh (↓6%), and in Finland 122.09 EUR/MWh (↓4%).

More detailed information is on the Baltic-Finnish Gas Exchange Trading Report November 2022.

All Baltic-Finnish Gas Exchange Trading Reports are available at

Phone: +370 5 236 0000

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