Gas market in Q1 2025: decrease in TGE contract prices, increase in OTC, slight volume increase in OTC transactions and in exchange sales
In the first three months of 2025, the average price of natural gas fuel in contracts concluded on TGE (the Polish Power Exchange) was over 21 per cent lower than in the same period of 2024. The average natural gas price for sales transactions at the OTC virtual point increased over 17 per cent during this time.
In the first quarter of 2025, the volume of gas delivered under TGE contracts amounted to 52.3 TWh, which means an increase of 2.73 TWh compared to the first quarter of 2024. Meanwhile, the wholesale natural gas sales volume for transactions at the OTC virtual point in the first quarter of this year amounted to almost 6.3 TWh, which means an increase of 0.3 TWh compared to the same period of 2024.
Figure 1. Gas volumes delivered in Q1 of 2020-2025 under OTC and TGE transactions
In the first quarter of 2025, the average price of gas in contracts concluded on TGE was PLN 207.19/MWh, compared to PLN 263.41/MWh a year earlier, marking a decline of over 21 per cent. Meanwhile, for sales transactions carried out at the OTC virtual point during the same period, the average price stood at PLN 212.08/MWh, compared to PLN 180.41/MWh a year earlier. This means an increase of over 17%.
Figure 2. Average price of gas delivered in Q1 of 2020-2025 under OTC and TGE transactions
In the first quarter of 2025, the volume of high-methane gas flowing through the Polish transmission system increased by 5.9 per cent compared to the same period in 2024. LNG terminal gas deliveries rose by 61 per cent, while EU gas deliveries saw an increase of 24.1 per cent.
At the end of Q1 2025, 188 entities held licenses for gaseous fuel trading, with 87 companies actively engaged in natural gas trading in Poland.
Detailed quarterly data on gas trading is available on the URE website under the Wholesale Natural Gas Market – Monitoring tab.