Top U.S. Natural Gas Marketers Under Pressure in 2Q2020, but Still Bright Spots

Leading natural gas marketers collectively posted further decreases in sales volumes in 2Q2020, extending to five straight quarters a trend of year/year declines, according to NGI’s Top North American Natural Gas Marketers rankings.

The 25 gas marketers covered in NGI‘s latest quarterly survey — with comparable year-earlier data available — reported combined sales transactions of 111.61 Bcf/d in 2Q2020, down from 113.14 Bcf/d in 2Q2019. The cloud of uncertainty and demand interruption imposed by the coronavirus pandemic weighed on second quarter marketer efforts.

Southwestern Energy Co. (down 39%) and NJR Energy Services Co. (down 19%) posted the steepest declines from a year earlier. The biggest gainers, meanwhile, were Engie Energy Marketing NA (up 91%) and Hartree...