Baltic-Finnish Gas Exchange Trading Report for January 2021 Has Been Announced
2021 started with the record-breaking number of transactions concluded on the exchange
The year 2021 started with increased activity in trading and a record number of concluded transactions on GET Baltic gas exchange. 2,482 transactions were fulfilled during January 2021 – 31% more comparing year on year (January 2020 – 1,900 transactions) or 6% more comparing to the previous month (December 2020 – 2,334 transactions).
In the first month of the year, the volume traded on the exchange increased by 77% compared to the same period last year – the turnover reached 991 GWh of natural gas (January 2020 – 560 GWh). The largest traded volume on both: purchase (505 GWh) and sales (497 GWh) sides were captured in the daily market of Lithuanian market area. During January, a total of 48 participants actively submitted orders, all of them successfully concluded transactions.
Cold weather and growing competition on the gas exchange also had impact on the natural gas prices. As individual transactions prices fluctuated between 14.15 EUR/MWh and 23.10 EUR/MWh, BGSI (Baltic-Finnish Gas Spot Index) value for January 2021 reached 17.98 EUR/MWh. This is 21% more comparing to December 2020 (14.91 EUR/MWh). Participants concluded transactions in Lithuanian market area paid the weighted average price of 18.23 EUR/MWh (↑25%), in Latvian-Estonian common market area –16.83 EUR/MWh (↑23%), in Finnish market area – 18.29 EUR/MWh (↑15%).
More detailed information is on the Baltic-Finnish Gas Exchange Trading Report – January 2021.
All Baltic Gas Exchange Trading Report are available at www.getbaltic.com.