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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
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