Baltic-Finnish Gas Exchange Trading Report for June 2020 Has Been Announced

The growth of trading volumes and record low prices marks the beginning of summer 2020

In June 2020 by concluding 1,448 transactions, traded volume amounted to 654 GWh – the highest summer volume since the beginning of GET Baltic’s operations. Comparing to the same period last year (71 GWh) it increased even 9 times and comparing to May 2020 (429 GWh) 52% more of natural gas was traded. Traded volume grew in all market areas: 76% more natural gas was purchased in Lithuanian market area, 94% more in common Latvian-Estonian market area, and 16% growth was captured in Finland.

In June 2020 downward trend of natural gas prices is captured on GET Baltic exchange for the sixth month in a row. The average price in a daily market settled at the lowest average price – 7.91 EUR/MWh. As individual transactions prices fluctuated between 4.67 EUR/MWh and 9.1 EUR/MWh, the lowest transaction price in the history of GET Baltic was recorded: the transaction was concluded in the common Latvian-Estonian market area for 4.67 EUR/MWh. The number of exchange participants actively submitted orders also increased – in total 48 participants actively submitted orders and 47 of them successfully concluded transactions.

Baltic-Finnish Gas Spot Index (BGSI) which captures daily market gas prices changes, value in June 2020 was 7.91 EUR/MWh (May 2020 – 8.36 EUR/MWh). Participants concluded transactions in Lithuanian market area paid the weighted average price of 7.81 EUR/MWh (↓7%), in Latvian-Estonian common market area – 7.81 EUR/MWh (↑2%), in Finnish market area – 8.18 EUR/MWh (↓4%). Baltic-Finnish Gas Monthly Index (BGMI), which captures monthly market gas prices changes, value in June 2020 was 7.69 EUR/MWh.

More detailed information is on the Baltic-Finnish Gas Exchange Trading Report – June 2020.

All Baltic Gas Exchange Trading Report are available at www.getbaltic.com.