Lietuvos energijos gamyba, AB - Other information

Lietuvos Energijos Gamyba, AB becomes a member of NASDAQ OMX Commodities

Elektrėnai, Lithuania, 2014-08-14 08:45 CEST (GLOBE NEWSWIRE) -- Lietuvos
Energijos Gamyba, a company engaged in the production and wholesale trading of
electricity, is pursuing its goal to actively contribute to the integration of
Nordic and Baltic electricity markets. Lietuvos Energijos Gamyba is the first
Lithuanian company that joined the derivatives exchange NASDAQ OMX Commodities. 

NASDAQ OMX Commodities offers market participants possibility to trade
derivatives linked to the electricity price on Nord Pool Spot power exchange.
Trading derivatives helps to manage the risk of price fluctuations of power
prices. NASDAQ OMX Commodities, which currently offers products linked to
electricity prices in the Nordics and Estonia, is considering launching
derivatives linked to electricity prices in Latvian and Lithuanian bidding
areas. In addition to Nordic power contracts, NASDAQ OMX Commodities offers
trading and clearing in German, Dutch and UK power contracts, as well as
Electricity Certificates, Carbon, Natural Gas, Freight, Fuel Oil, and Seafood. 

By cooperating with other energy companies and transmission system operators of
Baltic States as well as NASDAQ OMX, Lietuvos Energijos Gamyba seeks to
contribute to the development of liquid electricity derivatives market.
“Developing liquid electricity derivatives market will not only enable market
participants to hedge against fluctuations of power prices on Nord Pool Spot
power exchange but also will let anyone to publicly see the aggregated
expectations of market players about the future power prices,” says Vidmantas
Salietis, Head of the Wholesale Electricity Department of Lietuvos Energijos
Gamyba. 

Lietuvos Energijos Gamyba views joining NASDAQ OMX Commodities as a strategic
move showing both the importance of NASDAQ OMX in the establishment of a
well-functioning regional power market in the Baltics as well as the
determination of Lietuvos Energijos Gamyba to become its active member. 

Welcoming Lietuvos Energijos Gamyba as a new DCM, Georg Aasen, Vice President
NASDAQ OMX Commodities, said: “We are very pleased that Lietuvos Energijos
Gamyba has joined NASDAQ OMX Commodities. This shows the competitiveness of our
offering, our broad reach outside the Nordics and contributes to strengthen
NASDAQ OMX Commodities' position as the most liquid and efficient power market
in Europe. We are looking forward to Lietuvos Energijos Gamyba contribution
going forward.” 

The development of a properly functioning and integrated energy market and the
creation of necessary energy infrastructure, which would ensure that the
created regional energy market is competitive, sustainable and secure, is the
key objective of the Baltic Energy Market Interconnection Plan (BEMIP).
According to this plan, the development of a fully-functioning integrated
electricity market requires a derivatives market that would help market
participants to manage the risk of price fluctuations of power prices. 


         Valentas Neviera
         Head of Corporate Communication Division
         Tel. +370 5 278 2908
         valentas.neviera@le.lt