natural gas trading

‘Buying Gas in Mexico is Easier Now,’ Says Gascorp Trader and Industry Expert 

‘Buying Gas in Mexico is Easier Now,’ Says Gascorp Trader and Industry Expert 

“Buying gas in Mexico is easier now in the sense that you have more options to buy the molecule given that you have almost all the big vendors selling wholesale,” Santiago Villarreal Bravo, General Manager at GasCorp, told NGI’s Mexico GPI.  “There’s BP, there’s Shell, there’s Trafigura, for example, that are bringing a lot of…

January 27, 2023
Shell’s Natural Gas Trading Takes 3Q Hit on ‘Extreme’ Price Volatility, but Profits Jump Higher

Shell’s Natural Gas Trading Takes 3Q Hit on ‘Extreme’ Price Volatility, but Profits Jump Higher

The world’s largest natural gas trader faced a challenging third quarter, whipped by up-and-down prices related to Russia’s invasion of Ukraine, however, the integrated major overcame issues to post its second highest ever quarterly results. “We are delivering robust results at a time of ongoing volatility in global energy markets,” CEO Ben van Beurden said…

October 27, 2022
Shell Says LNG Trading in 3Q Sharply Down in ‘Volatile and Dislocated Market’

Shell Says LNG Trading in 3Q Sharply Down in ‘Volatile and Dislocated Market’

Market turmoil amid geopolitical standoffs and global inflation is forecast to result in “significantly lower” LNG trading results for the third quarter, Shell plc said Thursday. In a snapshot of quarterly results, the supermajor outlined preliminary numbers, including for its Integrated Gas division, which includes liquefied natural gas trading. Price volatility and higher delivery costs…

October 6, 2022
Natural Gas Forward Prices Ease Lower as Rally Finally Starts to Lose Steam

Natural Gas Forward Prices Ease Lower as Rally Finally Starts to Lose Steam

As the relentless march higher for natural gas prices finally began to show signs of slowing down, forwards prices recorded discounts throughout the Lower 48 during the April 14-20 trading period, NGI’s Forward Look data show. Fixed prices for May delivery at benchmark Henry Hub eased 6.0 cents lower to end the period a hair…

April 21, 2022
ICE Reports Fresh Records for Asian, European Natural Gas Futures Trades

ICE Reports Fresh Records for Asian, European Natural Gas Futures Trades

Intercontinental Exchange Inc. (ICE) has reported fresh records for Asian natural gas futures in August, with Japan-Korea Marker (JKM) volumes surpassing 100,000 lots traded during the month. ICE said JKM futures reached 106,529 lots traded, close to double August 2020 volumes. In addition, open interest ended the month at a record 114,531 lots. The news…

September 27, 2021
CFEi Natural Gas Volumes Surge in 2Q2021 as Top Marketers Post Declines

CFEi Natural Gas Volumes Surge in 2Q2021 as Top Marketers Post Declines

Mexico’s CFEinteranacional (CFEi) transacted 3.79 Bcf/d of natural gas during the second quarter, up 23% year/year, according to the latest NGI Top North American Natural Gas Marketers rankings. CFEi is the international marketing arm of Mexico’s state-owned power company Comisión Federal de Electricidad (CFE). The increase comes amid surging gas exports via pipeline from the…

September 22, 2021
Southern to Shed Sequent Wholesale Natural Gas Trading Arm to Reduce Risk

Southern to Shed Sequent Wholesale Natural Gas Trading Arm to Reduce Risk

Southern Company, among the largest U.S. electric and natural gas distribution companies, said Thursday it had signed a deal to sell Sequent Energy Management, its wholesale gas trading and services business, in a move to reduce risk. The Atlanta-based firm disclosed the planned sale, expected to close in the third quarter, along with its first…

April 29, 2021