The number of transactions on the GET Baltic gas exchange increased by 41%

In October 2,869 transactions were concluded on the GET Baltic gas exchange, which is operating in the Baltic States and Finland, which is 41% more than at the same time last year (October      2022: 2,029 transactions). Gas volumes traded maintained a stable trend and surpassed the 600 gigawatt-hour (GWh) mark for the third month in a row. In October, trading volumes reached 624 GWh of natural gas (678 GWh in October 2022). The largest purchases were made in the Lithuanian market area with 273 GWh (44% of the total), in the common Latvian-Estonian market area with     111 GWh (18%), and in Finland with 241 GWh (38%). As many as 61 participants actively placed buy and sell orders.

Individual transaction prices in October ranged from 30.00 EUR/MWh to 80.00 EUR/MWh. In October the Baltic-Finnish Natural Gas Price Index (BGSI), which captures the changes in natural gas prices on the daily market, increased by 21% month-on-month to 51.06 EUR/MWh. The main price increases were in Finland, where the price was 55.53 EUR/MWh (↑30%), in the Lithuanian market area BGSI was 48.21 EUR/MWh (↑17%), and in the Latvian-Estonian common market area it was 45.58 EUR/MWh (↑8%). Meanwhile, the Baltic-Finnish Gas Monthly Index (BGMI), which captures the changes in natural gas prices on the monthly market, was at EUR 42.23/MWh in October.

More detailed information is on the Baltic-Finnish Gas Exchange Trading Report October 2023.

All Baltic-Finnish Gas Exchange Trading Reports are available at 

Phone: +370 5 236 0000

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