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.
With the launch of natural gas products for Lithuania, Latvia, Estonia, and Finland at EEX, the markets will continue to benefit from secure trading with wider range of market participants and business solutions, which will enable higher liquidity and more competitive gas prices.
The new products to be offered for trading on the EEX will allow better integration with the pan-European gas markets, as well as enable wider hedging opportunities, such as Month Futures for the Baltic-Finnish gas markets for 12 months ahead, in addition to Quarterly, Season and Yearly Futures up to six years. Location spreads between these markets will also be available.
These changes are currently expected to take place at the end of the first quarter of 2025, subject to technical readiness and regulatory approvals. Following the conclusion, Trading Participants will have access to the entire European gas market suite operated by EEX, as well as the state-of-the-art clearing services provided by European Commodity Clearing AG (ECC).
In order to obtain more details, customers of GET Baltic are encouraged to attend the webinar series offered by GET Baltic and EEX. During webinars information on admission documents submission to EEX, principles of operation of the EEX exchange and clearing house will be explained in detail. For the webinar schedule and to access recordings of past webinars please refer to the link.
This change of activities is part of the integration of GET Baltic into EEX. In 2023, the gas transmission system operator Amber Grid and the energy exchange EEX formally signed an agreement under which EEX acquired 66% of the shares in GET Baltic. The gas exchange, which operates in the three Baltic States and Finland, thus became part of EEX Group. The remaining 34% is held by Amber Grid.