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GET Baltic Newsletter #4
Dear trading participants,
 
As we are approaching the summer break, we have good news to share: The preparation of the planned integration of Baltic-Finnish gas markets into EEX is making good progress and we will be able to provide you with more details on reporting services as well as the applicable fees for trading at EEX in our next webinar on 17 July.
 
In this context, let me emphasize that I’m very grateful about the positive feedback that we’ve received from all of you regarding our ongoing webinar series. I am glad that in offering these webinars, we can support you even more closely in preparing of the launch that will take place in the first quarter of 2025. If there are any specific topics that you would like us to talk about during a webinar, please get in touch.
 
Finally, let me say a warmheartedly welcome to the new members who joined GET Baltic in the first half of the year. We are happy about the increasing interest in the offering GET Baltic provides and look forward to continuing on that path with the integration into EEX.
 
Enjoy reading.
 
Linkėjimai – Best regards
 
Giedré Kurmé
CEO | GET Baltic
 
Content
Join our webinar #3: Regulations & Fees
GET Baltic – market development in the first half of 2024
Webinar #2 – Recording available
Details on the planned integration into EEX
Find all information on our website
 
Artikeltitel
Join our webinar #3: Regulations and Fees
 
The third webinar in our series is coming up soon. It will cover the following topics:
 
  • Regulatory environment at EEX
  • Membership fees
 
When? 17 July 2024, 9:00 am ECT
Registration? Please RSVP under this link.
 
GET Baltic – market development in the first half of 2024
 
During the first half of 2024, 16 thousand transactions were concluded on the GET Baltic exchange, with a traded volume of 4.4 TWh of gas. Most of this amount was traded in the market of daily transactions - 4.37 TWh, while 46 GWh of gas was traded in the market of monthly transactions.
 
The Baltic-Finnish Gas Spot Index (BGSI), which captures changes in natural gas prices on the daily market, amounted to 41.46 EUR/MWh in the first month of the year. In March, the BGSI was 30.73 EUR/MWh, and in June - 39.78 EUR/MWh. The prices of individual transactions in the first half of the year ranged from 5.00 EUR/MWh to 100.00 EUR/MWh.
 
Since the beginning of the year, three new participants have registered on the exchange. At the end of June, the number of exchange participants added up to 119, of which 69 actively placed orders and all of them successfully concluded transactions.
 
 
Webinar #2 – Recording available
 
If you didn’t have the chance to watch our webinar on Trading & Settlement live, you will find the recording under this link.
 
Key points covered in the webinar have been:
 
  • Trading principles of EEX exchange
  • Trading limits and collateral requirements of EEX exchange
  • Financial settlement and invoicing of EEX
  • Deep dive into indices
  • Traders’ exam
 
Details on the planned integration into EEX
 
As part of the planned integration of GET Baltic into EEX, a further step will be taken to transfer gas trading in the Baltic states and Finland to the EEX platform. It is planned that by the end of first quarter of 2025, GET Baltic’s customers will trade gas on EEX’s trading platform. While GET Baltic team will remain to serve the local customer base and further develop the product offering in line with market needs.
 
In preparation for these changes, GET Baltic is adjusting available maturities for its monthly contracts. As a result, these products may only be traded for delivery until February 2025, inclusively.
 
 
 
Find all information on our website
 
All details regarding the integration of the Baltic-Finnish gas markets into EEX, as well as the overview of upcoming webinars and previous webinar recordings are available on the EEX website.
 
> Baltic-Finnish Gas Markets (eex.com)
 
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