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The volume of U.S. natural gas traded decreased during a time of increased natural gas production according to Cornerstone Research Report
Washington, D.C. (PRWEB) June 25, 2014
In 2013, the total volume of natural gas traded in the United States declined. This decrease was evident in company submissions to the Federal Energy Regulatory Commission (FERC) as well as in annual reports made by the exchanges, according to Characteristics of U.S. Natural Gas TransactionsInsights from FERC Form 552 Submissions as of May 16, 2014, published by Cornerstone Research. FERC submissions fell 3 percent while the number of natural gas contracts traded on IntercontinentalExchange Inc. (ICE) decreased 18 percent, and CME Group Inc.s natural gas products volume declined approximately 13 percent from 2012. These decreases occurred during a time of increased natural gas production in the United States.
FERC receives and compiles the most comprehensive information on trading activity and pricing methods in the U.S. natural gas trading markets. By supplementing the data from FERCs Form 552 with proprietary classifications of market participants, Cornerstone Research adds deeper insight into market activities and characteristics across the various types of participants.
Dr. Greg Leonard, Head of Cornerstone Researchs Energy and Commodities practice:
In 2013, we saw a decline in the amount of natural gas traded in the United States measured both by the Form 552 volume and by the volume on exchanges.
Our research shows that in 2013 the trend has continued where a smaller and smaller portion of fixed-price natural gas transactions are setting prices for a larger proportion of index-price transactions.
About Cornerstone Research
For more than twenty-five years, Cornerstone Research staff have provided economic and financial analysis of complex issues arising in commercial litigation and regulatory proceedings. The firm has four hundred fifty staff who work with a broad network of testifying experts to bring specialized knowledge and experience to each assignment.
Twitter at @Cornerstone_Res
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