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GET Baltic which together with the regional partners implemented unique regional gas trading platform with integrated trading model have won Energy Project of the Year nomination at the annual National Business Award ceremony. Implementing unique regional gas trading platform with integrated trading model GET Baltic has established Latvian and Estonian market areas and de facto became regional Baltic Gas Exchange.
An integrated trading model has created favorable conditions for increased market liquidity, contributed to increasing competitiveness and creating a transperant natural gas prices. From 1 July 2017 using this GET Baltic technological solution, natural gas along with gas transportation between the Baltic States can be purchased with one click of the “mouse”.
„We are glad that this project implemented by GET Baltic together with the regional partners has received such respectable assessment. It is worth pointing out that our integrated trading model has already become a good example for other European energy companies. Obviously, technology and innovation are becoming an integral part of the energy sector, and this award only obliges us to continue to develop innovative and intelligent solutions for our customers, which could also contribute to the regional integration of the natural gas market”, said the Baltic Gas Exchange Chief Business Development Officer Gintaras Buzkys.
National Business Awards “Service of the Year” is held by The Lithuanian Business Confederations. The goal is to encourage Lithuanian companies to create competitive, innovative, high value-added services that meets the needs of today’s market and consumers.