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NATGAS: Gas Trading Volumes at Record Highs in 2024 for all Key Markets: IEA

NATGAS
Energy BulletsBulletPower BulletsCommodities

Gas trading volumes are at new record highs across all key markets in 2024, amid continued supply uncertainty, high volatility and AI enhanced algo trading while attracting more financial players, according to IEA analyst Greg Molnar.

  • Volumes have increased due to reduced cost from lower margin calls and increased hedging amid tight supply fundamentals and continued supply uncertainty. Short-term trading is supported by growing volatility and rising flexibility requirements.
  • Increase globalisation of gas markets and interconnectivity of regional gas markets is supporting additional trading activity while AI enhanced algo trading may have also provided a boost.
  • Henry Hub traded volumes surged by 27% y/y in the first ten months of 2024 to 41,000 bcm while the churn rate rose to an all-time high of 55.
  • Europe traded volumes rose nearly 25% y/y to over 6,000 bcm, with TTF accounting for over 80%, while the churn rate for the EU+UK is just above 20.
  • ICE JKM volumes more than doubled y/y to nearly 350 bcm, raising the churn rate to around 6 amid growing northeast Asian spot LNG market liquidity.

 

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Gas trading volumes are at new record highs across all key markets in 2024, amid continued supply uncertainty, high volatility and AI enhanced algo trading while attracting more financial players, according to IEA analyst Greg Molnar.

  • Volumes have increased due to reduced cost from lower margin calls and increased hedging amid tight supply fundamentals and continued supply uncertainty. Short-term trading is supported by growing volatility and rising flexibility requirements.
  • Increase globalisation of gas markets and interconnectivity of regional gas markets is supporting additional trading activity while AI enhanced algo trading may have also provided a boost.
  • Henry Hub traded volumes surged by 27% y/y in the first ten months of 2024 to 41,000 bcm while the churn rate rose to an all-time high of 55.
  • Europe traded volumes rose nearly 25% y/y to over 6,000 bcm, with TTF accounting for over 80%, while the churn rate for the EU+UK is just above 20.
  • ICE JKM volumes more than doubled y/y to nearly 350 bcm, raising the churn rate to around 6 amid growing northeast Asian spot LNG market liquidity.

 

Keep reading...Show less