As the first quarter of 2020 has ended the result of successful start in Finland was captured

Steadily growing activity on the GET Baltic gas exchange and a successful start in Finland led to great results of the first quarter of 2020 – traded volume exceeded 2.3 TWh. Comparing to the same period last year, the turnover of traded volume increased by 64%, the number of concluded transactions increased even by 95%. During the first quarter of the year, 37% of the total volume traded on the gas exchange (805 GWh) and 49% of all purchase transactions (2,700) were carried out on the Finnish market area. From the total capacity dedicated for allocation on the exchange at Balticconnector interconnection point from Estonia to Finland, more than 95% were allocated through the implicit capacity allocation mechanism.

In March 2020 Baltic-Finnish Gas Exchange GET Baltic traded volume amounted to 650 GWh: 613 GWh were traded on a daily market, 37 GWh – on a market of monthly transactions. Comparing year on year, traded volume increased more than twice (March 2019 – 292 GWh). 46% of all traded volume was purchased in Finland (300 GWh; 836 transactions), 46% in Lithuania (299 GWh; 750 transactions) and 8% in common Latvian-Estonian market area (51 GWh; 78 transactions). Falling natural gas prices and active trading boosted competition between the participants, as a result, in March the lowest transaction price in the history of GET Baltic was recorded. In the common Latvian-Estonian market area transaction at 7.64 EUR/MWh was concluded. In total 44 participants actively submitted orders during March and all of them successfully concluded transactions.

Baltic-Finnish Gas Spot Index (BGSI) which captures daily market gas prices changes, value in March 2020 was 11.35 EUR/MWh (February 2020 – 13.54 EUR/MWh). Participants concluded transactions in Lithuanian market area paid the weighted average price of 9.81 EUR/MWh (↓18%), in Latvian-Estonian common market area – 10.66 EUR/MWh (↓12%), in Finnish market area – 13.32 EUR/MWh (↓16%). Baltic-Finnish Gas Monthly Index (BGMI), which captures monthly market gas prices changes, value in March 2020 was 14.50 EUR/MWh.

More detailed information is on the Baltic Gas Exchange Trading Report for the March 2020.

All Baltic Gas Exchange Trading Report are available at



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