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2013 01 25

GET Baltic gas exchange celebrates its first deal

GET Baltic, a natural gas exchange established by Lietuvos Dujos (Lithuanian Gas) jointly with Finland’s natural gas company Gasum and launched this week, concluded its first deal on Friday.
Gamtinės dujos
Gas / BFL nuotr.

A total of 10,000 cubic meters of gas changed hands at 1,308 litas (EUR 379.13) per 1,000 cubic meters, Haroldas Nausėda, GET Baltic CEO, told BNS.

“It’s great to have a deal in the very first week. We hope there should be more next week, since we expect more participants to join,” he said.

The list of GET Baltic’s participants currently includes Lietuvos Dujos (Lithuanian Gas), Lietuvos Energija (Lithuanian Energy), Klaipėdos Energija (Klaipėda Energy) and the district heating supplier Jonavos Šilumos Tinklai.

GET Baltic expects that around 80 million cubic meters of gas will be sold through the exchange in its first year of operation. GET Baltic's gas exchange and Baltpool's gas exchange, which was launched last year, have different trading systems and different rules.

Lietuvos Dujos owns 66 percent of shares and Gasum holds the remaining 34 percent.

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