Trading

Natural Gas Pipeline Capacity Release Trading Jumps, but Post-Covid Recovery Proving Unstable

Natural Gas Pipeline Capacity Release Trading Jumps, but Post-Covid Recovery Proving Unstable

In a sign that the energy industry’s recovery from Covid-19 remains choppy, monthly trading for natural gas pipeline capacity releases reversed course, soaring 178% in June, according to the latest figures from The Capacity Center. The jump was a massive improvement from May, when monthly transactions plunged 70% from April levels, the data services company’s…

July 25, 2021
After Winning ICE Listing, Spark Commodities Zeroes in on Building Liquid LNG Freight Contracts

After Winning ICE Listing, Spark Commodities Zeroes in on Building Liquid LNG Freight Contracts

Tim Mendelssohn, managing director and co-founder of Spark Commodities, believes the liquefied natural gas (LNG) trade needs more options to manage risk as the market continues to evolve and more players buy and sell the super-chilled fuel.  He launched Spark in early 2019 along with Charles Vallantin Dulac with the backing of commodity data and…

May 21, 2021
Vitol Acquiring Hunt Oil Permian Assets, Citing Bright Future for Lower 48

Vitol Acquiring Hunt Oil Permian Assets, Citing Bright Future for Lower 48

Vencer Energy LLC, the upstream subsidiary of global commodities trading giant Vitol, said Friday it has agreed to acquire Hunt Oil Co.’s assets in the Permian Midland Basin for an undisclosed sum. The assets comprise 44,000 acres across five counties with current daily production of about 40,000 boe/d, said Geneva, Switzerland-based Vitol. The acquisition “realizes…

April 30, 2021
Trading Giant Vitol Agrees to Settle Latin American Bribery Case

Trading Giant Vitol Agrees to Settle Latin American Bribery Case

The U.S. affiliate of Swiss commodities giant Vitol Inc. has admitted to bribing Brazilian, Ecuadorian and Mexican officials over the course of more than a decade in exchange for illicit competitive advantages. Vitol agreed to pay $135 million to resolve the U.S. Department of Justice’s investigation into the schemes to pay off government officials in…

December 10, 2020
TruMarx CEO Sees Digitalization as Key to Meeting Growing LNG Trading Requirements

TruMarx CEO Sees Digitalization as Key to Meeting Growing LNG Trading Requirements

Jon Olson, co-founder of TruMarx Data Partners Inc., believes the liquefied natural gas (LNG) business is “hamstrung” by antiquated processes to buy and sell the super-chilled fuel, but his company is among many that are racing to digitalize the space and boost liquidity with a modern trading platform. NGI: Can you briefly explain TruMarx’s business…

December 7, 2020
Tokyo Gas Establishes LNG Trading Unit Under Plans to Strengthen Global Operations

Tokyo Gas Establishes LNG Trading Unit Under Plans to Strengthen Global Operations

Tokyo Gas Co. Ltd., one of the largest buyers of liquefied natural gas (LNG) in Japan, said Tuesday that it has established a new company to more actively trade the super-chilled fuel as it looks to strengthen its hand in the global market.  TG Global Trading Co. Ltd. (TGT) has been established to build on…

September 1, 2020
LNG Q&A: Emsurge Founder Talks Technology, Better Connecting Global Natural Gas Market

LNG Q&A: Emsurge Founder Talks Technology, Better Connecting Global Natural Gas Market

Editor’s Note: The following segment is one in a series by NGI’s LNG Insight focused on exploring how the global liquefied natural gas (LNG) market works. The conversations in this series will also analyze news and the issues that matter most to the industry in North America and beyond. Melissa Lindsay is the founder of…

July 14, 2020

With Cove Point Shale Gas Exports Underway, ICE’s Updated Product Reflects Shifting Market

With exports underway at Dominion Energy Inc.’s Cove Point liquefied natural gas (LNG) terminal in Lusby, MD, the Intercontinental Exchange (ICE) has launched a physical trading product to reflect the changing market dynamics at the facility.

June 21, 2018

Weather Models In Disagreement; November Seen 4 Cents Lower

November natural gas is set to open 4 cents lower Wednesday morning at $2.93 as overnight weather models run into conflicts over forecast cooling. Overnight oil markets were mixed.

October 25, 2017
August Reported Volumes More than Double in Mexico’s Latest NatGas Price Index

August Reported Volumes More than Double in Mexico’s Latest NatGas Price Index

Natural gas trading volumes reported to the Mexican energy regulator in August more than doubled over the previous month.

October 3, 2017
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