Enoro fuels the Baltic gas market
Finnish software company Enoro has been chosen to deliver a regional trading platform for the Baltic gas markets.
Estonia, Latvia and Lithuania will launch their common gas trading platform in July. The contract between Enoro and the natural gas exchange UAB GET Baltic was signed in March.
The regional gas trading platform will be launched together with the implicit capacity allocation (ICA) model, which ensures a closer integration of the national natural gas markets in the Baltic countries. The regional natural gas exchange will use Enoro’s Gas Exchange Trading system, which is a real-time matching engine also comprising contract management functionalities for invoicing and distribution.
“We are very glad that GET Baltic has chosen Enoro as their preferred vendor for a project shaping the gas market in the Baltic region,” says Mikko Hytönen, CEO of Enoro. “It further demonstrates that our chosen strategy to significantly invest into the software supporting the launch and growth of new markets is yielding results.”