Baltic Gas Exchange Trading Report for March 2019 Has Been Announced
As natural gas supply in Latvian market area boosted - a record of cross-border trade was captured
In March 2019 a record volume of cross-border transactions was captured. Concluding 713 transactions, the trading volume reached 292 GWh of natural gas, of which 35% (101 GWh) was traded between different market areas. It is the largest monthly volume of concluded cross-border transactions since the launch of the implicit capacity allocation model in July 2017. The increase in cross-border traded volume was due to a significantly increased supply in Latvian market area. Since Latvian supply exceeded demand 14 times, sell orders were concluded in other market areas. Total sold volume in Latvian market area amounted to a record volume of 108 GWh (February 2019 - 3 GWh). In March all transactions were concluded on a daily market, comparing month on month traded volume on a daily market increased by 32% (February 2019 - 220 GWh), while comparing year on year even 3.4 times (March 2018 - 86 GWh). After the first three months of the year Baltic traded volume amounted to 1.41 TWh. During March 2019 orders were submitted and transactions concluded by 25 participants.
Baltic Gas Spot Index (BGSI) which captures gas prices changes of daily market in the Baltics, value in March 2019 was 19.63 EUR/MWh and compared to February 2019 (22 EUR/MWh) decreased by 11%. Exchange participants concluded transactions in Lithuanian market area paid the weighted average price of 19.71 EUR/MWh (↓10%), in Latvian market area – 19.22 EUR/MWh (↓12%), Estonian market area – 19.39 EUR/MWh (↓11%).
More detailed information is on the Baltic Gas Exchange Trading Report for the March 2019.
All Baltic Gas Exchange Trading Report are availabale at www.getbaltic.com.