Prices on the GET Baltic exchange remain stable in November

Natural gas on the GET Baltic gas exchange, which is operating in the Baltic States and Finland, on the daily market averaged 49.35 EUR/MWh, 4% lower than in October. Individual transaction prices in November ranged from 10.00 EUR/MWh to 70.00 EUR/MWh.

In November the main average price increases were in Finland, where the price remained almost unchanged and amounted to 56.15 EUR/MWh (↑1%). In the Lithuanian market area BGSI amounted to 46.92 EUR/MWh or 3% less compared to the previous month and in the Latvian-Estonian common market area it was 45.38 EUR/MWh (↓0,4%).

„The continued isolation of the Finnish market due to the Balticconnector pipeline constraint results in a difference of more than 10 Eur between the price of gas traded on the Finnish and other Baltic market areas. This real-life example shows that in isolated, unconnected markets the price of energy resources is rising,” says Giedre Kurme, CEO of GET Baltic.

In November 2,272 transactions were concluded on the GET Baltic gas exchange, which is 5% less compared to the last month (October: 2,869 transactions). Despite the decrease in the number of transactions gas volume traded has increased by 51% and amounted to 946 GWh. The largest purchases were made in the Lithuanian market area with 608 GWh (64% of the total), in the common Latvian-Estonian market area with 66 GWh (7%), and in Finland with 271 GWh (29%).

More information:
Roberta Kaklienė
Product and Service Development Project Manager
roberta.kakliene@getbaltic.com
Tel. +370 681 74822