From 5 December, GET Baltic natural gas exchange will be headed by Giedrė Kurmė, who is returning to the company after parental leave. She will replace the former CEO Jūratė Marcinkonienė, who held the position on a temporary basis from April 2021.
Mrs. Kurmė joined GET Baltic in 2015 as a manager. During that time, several years of the exchange's operation have seen the development of important services to facilitate gas trading for market participants, intensive growth in the number of exchange participants, and an increase in the turnover indicators. The biggest jump in activity came in early 2020 with the interconnection of the Estonian and Finnish gas transmission networks via the Balticconnector. GET Baltic's launch on the Finnish market, the uninterrupted trading opportunities in the region and the significant increase in the number of exchange participants and transactions resulted in a more than two-and-a-half-fold increase in the exchange's trading turnover. Since this year, the exchange has been acquiring around 17% of the total annual gas consumption in the Baltic and Finnish markets.
According to Mrs. Marcinkonienė, who is leaving the exchange, the company consistently achieves its goals, ensures the successful provision of services and their improvement. ‘This year, the interconnection of Lithuania's gas transmission infrastructure with Europe has significantly increased the attractiveness of the Baltic-Finland region, which has led to a rapid increase in the interest of both existing and new market participants in the services offered by the GET Baltic exchange’, says Marcinkonienė.
‘I would like to thank Jūratė Marcinkonienė, who for a year and a half managed the team of the gas exchange, which operates in all the Baltic countries and Finland. Despite a very stressful period in the energy sector, the company has managed to maintain a stable performance and a positive customer perception’, said Viktoras Baltuškonis, the Chair of the Board of GET Baltic.
Amber Grid, the gas transmission operator that operates the GET Baltic exchange, announced at the beginning of this year the selection of a strategic partner for its subsidiary GET Baltic. The aim of the partnership is to exploit the potential of the European gas market and to enable GET Baltic to offer its customers the most advanced gas trading solutions.
Amber Grid, the gas transmission system operator belonging to the EPSO-G group of companies, owns 100% of the shares in the GET Baltic gas exchange. GET Baltic is a licensed natural gas market operator with Registered Reporting Mechanism (RRM) status granted by ACER. The company operates an electronic trading system for short-term and long-term trading of natural gas products with physical delivery on trading floors in Lithuania, Latvia and Estonia and Finland. The development of tailor-made solutions for natural gas trading aims to increase liquidity, competitiveness and transparency in the Baltic and Finnish wholesale gas markets.