Baltic Gas Exchange organizes trade for physically settled spot and forward gas products in the market areas located in Lithuania, Latvia, Estonia and Finland. All the participants of the natural gas market, who have the Participant‘s status, may execute trade on the Exchange.
Trade on the Exchange is executed on an anonymous basis at Lithuanian, Latvian, Estonian and Finland virtual trading points by means of the continuous trading method. Trade on the Exchange is carried out 24/7 every day in the short term products market and from 9:00 to 16:00 in the long term products market (Eastern European Time is applied in wintertime, and Eastern European Summer Time is applied in summertime).
The orders submitted by the Participants are defined by the following criteria: an order type (partial or full fulfilment), product name (according to the delivery period), price, and volume. Furthermore, orders may be only submitted to a market area of a country whose Participants has entered into a natural gas transmission service and (or) balancing contract with transmission system operator. If a day-ahead product is selected, orders to buy / sell are displayed in all market areas of the Baltic States and Finland with due consideration of available capacities and its tariffs at interconnection points.