EEX to add Baltic-Finnish gas market products from May next year

European Energy Exchange AG

15/10/2024 13:27

LONDON, Oct 15 (Reuters) - The European Energy Exchange
(EEX) said on Tuesday it will add natural gas products for
Baltic-Finnish markets to its platform from May 27 next year
with the aim of increasing liquidity.
     The portfolio will include spot gas and derivatives
products for Lithuania, the common market area of
Latvia-Estonia, and Finland, which are currently operated GET
Baltic within the EEX Group. 
    EEX will also enable spread trading between those markets
and some European gas markets.
    "This extends the network of trading participants and allows
trading of price differences between the Baltic-Finnish markets
and the highly liquid pan-European gas markets available at
EEX," Peter Reitz, chief executive of EEX, said in a statement.
    "We believe that this integration will result in significant
increase of liquidity and, through cross-margining effects,
capital efficiency for participants trading on these markets,"
he added.
    
    

 (Reporting by Nina Chestney, Editing by Louise Heavens)
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