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GET Baltic, the gas exchange in the Baltic States and Finland, captures a record volume of traded gas. Between the beginning of 2023 and the end of September, 6.5 terawatt hours (TWh) of gas was traded. This is a 42% increase compared to the same period last year (4.6 TWh). Most of the gas, 5.8 TWh, was traded on the daily market and 700 GWh on the monthly market. The volume of gas traded in cross-border (ICA) transactions also increased by around 13%.
“The three-quarter result reflects the increased activity of market participants in all countries of operation. Participants are interested in buying gas at favorable prices before the winter and placing it in the Inčukalns storage facility in Latvia, which is at a record high of close to 92% capacity.” said Giedre Kurme, CEO of GET Baltic.
In September, the average gas price on the Baltic and Finnish daily market decreased by 1% compared to August and amounted to 42.07 EUR/MWh. In September on the monthly market, the gas price was 40 EUR/MWh.
A total of 633 GWh of natural gas was traded on the exchange in September. There were 55 active participants that placed buy and sell orders. The majority of gas in September was purchased in the Lithuanian market area 261 GWh (41% of the total), on the common Latvian-Estonian market area 200 GWh (32%), and in Finland 172 GWh (27%).
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