aA
The regional gas exchange GET Baltic, operating in the Baltic states, will launch a new market area in Finland as of 2020, it said.
GET Baltic to expand to Finland next year
© AFP / Scanpix

GET Baltic will establish a one-stop-shop for natural gas trading in the region, contributing to deeper integration of the Finnish and Baltic gas markets.

Gintaras Buzkys, chief business development officer at GET Baltic, says the best way for the Finnish-Baltic gas market to achieve effectiveness and value for gas consumers is by integrating their natural gas markets and creating regional trading opportunities.

"Regional trading platform further geographical development will create favorable conditions for new gas market players to enter the open Finnish gas market. This will result in higher gas market liquidity, more transparency and reliable price index for the Finnish gas market," he said in a statement.

Registration for the Finnish market area will be launched in September, 2019.

GET Baltic was established in 2012 in Lithuania. In 2017, GET Baltic established Latvian and Estonian market areas and became a regional Baltic gas exchange.

Lithuania's natural gas transmission operator Amber Grid owns 100 percent of GET Baltic.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Šimonytė: Lithuania's budget deficit to exceed 5 pct of GDP next year

Lithuania's budget deficit in 2021 will "inevitably" exceed the current projection of 5 percent of...

Air Baltic launches new flight from Vilnius

Air Baltic is on Tuesday launching flights between Vilnius and Kiev .

EU commissioner: Lithuania should cut other taxes if environment taxes are raised

Europe takes the view that taxes need to be balanced and if some taxes are raised, other taxes should...

Capacity at Salcininkai border checkpoint might drop for 4 days in December

The capacity of the Salcininkai international border checkpoint on the Lithuanian-Belarusian border...

Online payment business predicts double turnover for e-shops during Black Friday sale

Black Friday , one of the biggest sale campaigns across the Western world, will be slightly different...

Top news

Nausėda rejects two candidates for ministers

Lithuanian President Gitanas Nauseda has rejected the new center-right coalition's candidates for...

2514 new coronavirus cases

On Thursday, 2 514 new COVID-19 cases were recorded in Lithuania . The country has already detected...

Office: president and Anusauskas' defense priorities match

The priorities of Lithuanian President Gitanas Nauseda and Arvydas Anusauskas , candidate for the...

Milda Seputyte | D+ nariams

Best EU economy in year of Covid was bloc’s worst-hit after 2008

The European Union’s worst-hit economy in the wake of the global financial crisis is looking like...

Lithuania posts 4-fold surge in coronavirus infections for November

Coronavirus infections surged four-fold in Lithuania in November compared to October and around 10...

|Maža didelių žinių kaina