Kevin Dobbs, associate markets editor with Natural Gas Intelligence, and Patrick Rau, NGI’s director of strategy and research, discuss the results of NGI’s third quarter Top North American Natural Gas Marketers rankings.
Overall, the leading natural gas marketers in North America collectively posted flat sales volumes when compared with the year-earlier quarter, snapping a streak of five consecutive quarters of year/year declines. However, several of the largest gas marketers reported modest declines for the quarter as flat consumption was more than offset by lower production amid the continued impact of the coronavirus pandemic.
Longstanding No.1 BP reported a 4% decrease from 3Q2019, for example, while No. 2 Macquarie Energy reported a 3% decline, reflecting in part long-running trends and in part impacts of the pandemic.
Dobbs and Rau dig into the drivers of those decreases and what lies ahead for natural gas volumes.