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Trading in the Baltic gas exchange accelerates – participants activity reached new heights. August 2017 became the most active month in comparison with previous August months since the beginning of the natural gas exchange operation. The trading volumes on the Baltic gas exchange amounted to 122 GWh which is more than the total volume traded in the first seven month of this year (97 GWh) and almost 35 times more compared to the same period last year (3 GWh). Traded volumes in comparison with July has grown more than 55%. The biggest influence to the trading results had increased activity of new exchange participants and the growth of traded volumes in Latvian market area.
Baltic Gas Spot Index (BGSI), which captures changes of natural gas prices in the Baltics, value in August 2017 was 16.93 EUR/MWh. Meanwhile, since participants of the newly established market areas in Latvia and Estonia had only started to discover advantages of natural gas exchange, the Baltic Gas Spot Index was mainly formed by trades concluded in Lithuanian market area with weighted average price of 16.90 EUR/MWh. In the Latvian market area participants concluded 5 trades for the average price of 17.23 EUR/MWh. There were no fulfilled transactions in Estonian market area.
More detailed information is on the Baltic Gas Exchange Trading Report for the August 2017.
All Baltic Gas Exchange Trading Reports are available at www.getbaltic.com.