August 19, 2017 12:07 PM ET

Capital Markets

Company Overview of UAB GET Baltic

Company Overview

UAB GET Baltic operates a financial exchange for trading natural gas in Lithuania. It allows natural gas market players to buy and sell natural gas. The company was founded in 2012 and is based in Vilnius, Lithuania. As of November 6, 2015, UAB GET Baltic operates as a subsidiary of AB Amber Grid.

Savanoriu pr. 28

Vilnius,  03116

Lithuania

Founded in 2012

Phone:

370 52 360000

Fax:

370 52 360001

Key Executives for UAB GET Baltic

Acting Chief Executive Officer
Chief Executive Officer (Leave of Absence)
Compensation as of Fiscal Year 2017.

UAB GET Baltic Key Developments

Get Baltic to Expand to Latvia, Estonia Next Year

Get Baltic intends to expand to Latvia and Estonia next year to develop a unified trade system for all three Baltic states, which should facilitate deals among the countries. Unimpeded gas trade among the three Baltic states is still impossible, as Latvia has not yet liberalized its gas market and will only take the step next April. Furthermore, the entry-exit point system is still in effect in the Baltic countries, stipulating additional payment on each border for gas transportation. Consequently, gas purchased in Lithuania becomes more expensive upon arrival in Estonia. Starting in 2020, Get Baltic expects to have a unified gas exchange in the Baltic states. This means eliminating additional fees for gas transport on borders and unifying gas prices in all countries.

UAB GET Baltic Presents at 8th Baltic Energy Summit 2016, Nov-28-2016

UAB GET Baltic Presents at 8th Baltic Energy Summit 2016, Nov-28-2016 . Venue: Radisson Blu, Vilnius, Lithuania. Speakers: Giedre Kurme, CEO, Gintaras Buzkys, Head of Strategy and Business Development.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 23, 2016
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