Baltic Gas Exchange Trading Report for March 2018 Has Been Announced
Sufficient liquidity ensured stable prices in all market areas of the Baltic States. In March 2018 Baltic Gas Exchange capturing growing number of concluded transaction for the fourth consecutive month, reaches the new record number of trades over the past three years – 322 transactions were concluded, exchange participants bought and sold 86 GWh of natural gas, 68% up month on month (51 GWh) and even 185 times up comparing year on year (0.5 GWh). For the second consecutive month increase in traded volume was directly affected by increase of active participants, during March orders were submitted and transactions were concluded by 18 participants (17 in February), and not typical weather conditions at the beginning of March when temperature in certain regions dropped to -15…-20 °C. With the average temperature of the first ten days of March being 4.3 °C lower than the average temperature of this period Baltic Gas Spot Index (BGSI), capturing changes of natural gas prices in the Baltics, remained stable and due to sufficient supply avoided trend that emerged in other European hubs to elevate prices when colder than average temperatures accours.
As demand of natural gas has increased BGSI value compared to February 2018 increased only by 1.06% (18.80 EUR/MWh) and was equal to 19.00 EUR/MWh. Exchange participants concluded transactions in Lithuanian market area paid the weighted average price of 18.97 EUR/MWh (↑1,3%), in Latvian market area – 19.02 EUR/MWh (↑0,5%), in Estonian market area – 19.19 EUR/MWh (↑0,9%).
More detailed information is on the Baltic Gas Exchange Trading Report for the March 2018.
All Baltic Gas Exchange Trading Reports are available at www.getbaltic.com.