Report of Trade on Natural Gas Exchange for the Fourth Quarter of 2015 Has Been Announced

2016-02-18

Natural gas market operator UAB GET Baltic in order to inform all the natural gas market participants and other interested parties about trading on the natural gas Exchange has announced Report of Trade on Natural Gas Exchange for the fourth quarter of 2015. In year 2015, the turnover of natural gas was about 652 GWh with a value of more than 15.6 million EUR on the Exchange. 19 % of total volume of 2015 was traded in Q4, meanwhile trades in Q3 accounted for 4% of the total annual volume, 5% in Q2 and 72% in Q1. Even though the trading volume decreased by 482 GWh compared to year 2014, the number of fulfilled transactions was 70% higher in year 2015. In total 2,316 transactions were carried out on the Exchange in 2015, whereas in year 2014 it was 1,355. The lowest volume of fulfilled transaction was 1 MWh and the highest volume of fulfilled transaction was 7,003 MWh. It should be noted that transactions to buy or to sell natural gas had been conducted for each natural gas day for year-round.

Over year 2015 the weighted average price decreased by 10%. The weighted average price of fulfilled transactions was 17.57 EUR/MWh in Q4 2015, which decreased by 7.07 EUR or 28.70% compared to Q4 2014 (24.64 EUR/MWh). The highest price of fulfilled transactions was 28.90 EUR/MWh executed on 8 of January, while the lowest price of fulfilled transactions was 13.25 EUR/MWh executed on 3 December. The biggest impact on decreasing prices was influenced by diminishing demand and the price level of alternative fuel, which is lowest in last five years period. The fuel oil price from the beginning of year has decreased by 50%, meanwhile gasoil has decreased by 38%. The negative impact on oil prices were also influenced by a slowed growth of China’s economy and OPEC countries’ policy for maintaining their market share. It was observed that decrease in prices of 2015 was also affected by euro and USD exchange rate, which has positive effect on the natural gas prices. In year 2015 when the lowest price of fulfilled transactions was recorded (3 of December), euro and USD exchange rate was 1.0671 EUR/USD. Meanwhile, when the highest price of fulfilled transactions was recorded (8 of January), the exchange rate was 1.1768 EUR/USD.

It should be noted that on the Exchange demand of natural gas was almost twice lower than supply of natural gas in year 2015. The volume of submitted orders to buy was 1,247 GWh, while the volume of submitted orders to sell was 2,276 GWh in year 2015.

More detailed information is on the Report of Trade on Natural Gas Exchange for the Third Quarter of 2015.

The Reports of Trade on Natural Gas Exchange for other periods can be found on the web page www.getbaltic.com.

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