The Board of GET Baltic, a subsidiary of the Lithuanian gas transmission system operator Amber Grid, has temporarily appointed Jūratė Marcinkonienė, Chairwoman of the Board of GET Baltic, as the Chief Executive Officer of the company as of 13 April 2021. As the CEO of GET Baltic, Jūratė Marcinkonienė will replace Giedrė Kurmė, the head of GET Baltic, who is on maternity and parental leave.
“During the last years of GET Baltic's operation, extremely good results have been achieved: the geography of operations has been expanded by entering the Latvian, Estonian and Finnish gas markets, more favourable conditions have been created for the convergence of gas prices in the region and services meeting the requirements of the market participants have been offered. Now it is important for us not only to ensure the continuity of successful operations, but also to further increase the maturity of the regional gas exchange and the development of services and products,” says Nemunas Biknius, CEO of the parent company Amber Grid.
Prior to this appointment, Jūratė Marcinkonienė worked as Director of Strategy and Development at EPSO-G holding company. Also, she took up her duties as member of the GET Baltic Management Board for 4,5 year, as well as the Chairwoman of the Board of GET Baltic since April 2020. Many years of accumulated experience in the energy sector, deep involvement in GET Baltic‘s activities while acting in the Management Board, will allow Jūratė Marcinkonienė successfully and continuously pursue the company's strategic goals by creating a developed, advanced natural gas exchange meeting the highest standards and recognized by energy market participants in both regional and international markets.
“The development of trading platform based on advanced solutions, customer-oriented approach, introduction of products enabling new trading opportunities, advanced IT solutions – that’s the commitments to our customers and priorities for us, which we will continue to pursue with an experienced GET Baltic team”, said appointed acting CEO of GET Baltic J. Marcinkonienė.
After taking up her post as the head of GET Baltic, Jūratė Marcinkonienė will resign as a member of the Board of the Company, as well as the Director of Strategy and Development for the EPSO-G Group.
Amber Grid owns 100 percent of GET Baltic shares.
GET Baltic is a licensed natural gas market operator. The Company administrates the electronic trading system for trading spot and forward natural gas products with physical delivery in the market areas located in Lithuania, Latvia, Estonia and Finland.
After launching the Finnish market area at the beginning of 2020, ensuring continuous trading opportunities in the region as well as after significant increase in the number of gas exchange participants and concluded transactions, GET Baltic traded volume increased more than 2.5 times, total volume purchased on the gas exchange amounted to 11% of gas consumed in the Baltic and Finnish markets.
Listening to the needs of wholesale gas market participants GET Baltic is constantly improving and developing activities in the region, the total number of active GET Baltic gas exchange participants during 2020 increased by 71% (from 32 to 55), the total traded volume reached highest heights since the launch of gas exchange in 2021 – 7,2 TWh of gas has been traded during 2020.
