Baltic Gas Exchange Trading Report for August 2018 Has Been Announced
With the increase of liquidity on the Baltic Gas Exchange – trading volumes exceeded 191 GWh. In August 2018 Baltic Gas Exchange GET Baltic trading volumes amounted to 191 GWh. In total 304 transactions were concluded. The new average price record of the Baltic Gas Exchange was captured – 23.32 EUR/MWh. Despite the continuous increase of natural gas prices traded volumes increased even 11 times comparing month on month (16 GWh) and 56% up year on year (122 GWh). The growth of traded volumes was directly influenced by increased liquidity in Lithuanian and Latvian market areas. The liquidity in Estonian market area remained stable, however due to continued repair works carried out at Karksi gas metering station during August, available capacity for allocation on the Exchange was limited to 0 MWh and resulted in decreased traded volumes on Estonian market area. During August 2018 orders were submitted and transactions concluded by 16 participants (July 2018 – 13).
Baltic Gas Spot Index (BGSI) which captures changes of natural gas prices in the Baltics, value in August 2018 was 23.32 EUR/MWh and compared to July 2018 (22.56 EUR/MWh) increased by 3.37%. Exchange participants concluded transactions in Lithuanian market area paid the weighted average price of 23.31 EUR/MWh (↑3.23%), in Latvian market area – 24.05 EUR/MWh (↑6.94%), Estonian market area – 22.32 EUR/MWh (↑0.09%).
More detailed information is on the Baltic Gas Exchange Trading Report for the August 2018.
All Baltic Gas Exchange Trading Report are availabale at www.getbaltic.com.