On 30 November of this year, the 15th Baltic Natural Gas Market Forum was held, which this year was organised by the Public Utilities Commission (PUC). These traditional regional meetings bring together energy regulators, market participants and policy makers from the Baltics, Finland, Sweden and Poland.
The 14th Baltic Gas Market Forum took place in Tallinn on 25 May this year, where participants reported on the latest developments in the Baltic and Finnish gas markets, talked about infrastructure development projects and shared information on the latest developments in the Baltic and Finnish natural gas markets.
The conference, organised by Dienas Bizness on 11 May this year, brought together industry companies, experts and representatives of institutions to discuss the development of the energy sector in the coming years that should contribute to Latvia's energy security and independence.
The JSC “Latvijas Gāze” has a long-term agreement with the PJSC “Gazprom” on natural gas supplies in 2000-2030. So far, as stipulated by the agreement, payments for supplies have been made in the EUR currency.
Against the background of the geopolitical situation and its substantial impact on the natural gas market, the April natural gas price in Europe is currently forecast at around 250-300 EUR/MWh.
2021 was unexpectedly challenging and dynamic for the natural gas market. Several global conditions caused a sharp price jump because of which the price of natural gas was almost 6 times higher at the end of 2021 than at the beginning of the year. This has had a significant impact on both natural gas users and natural gas traders.