On November 4, 2015, a delegation of Baltpool Energy Exchange (Lithuania) led by Laura Zalaite, General Director, visited BUCE head office. The goal of the visit was to get familiar with the operation of BUCE’s timber trading section and discuss promising areas of cooperation.
The representatives of the Lithuanian exchange were primarily interested in the procedure and peculiarities of selling and buying round wood, fuel pellets, briquettes and chips at exchange auctions. Another issue on the agenda was accreditation of Baltpool and its partners at BUCE in order to purchase Belarusian fuel chips and timber at BUCE’s electronic trading platforms. The sides also considered collaboration in exchange logistics. This will enable Lithuanian companies to buy goods at the exchange and collect them from the exchange warehouse in Klaipeda.
In addition, BUCE and Baltpool agreed to cooperate in information sharing and joint promotion of commodity exchange services in Belarus and Lithuania.