Trading Natural Gas: A Nontechnical Guide, 2nd Edition

This "how to" book covers the various mechanics of natural gas trading, including the physical (cash) market for natural gas production, transportation, distribution, and consumption.

It has been 23 years since Trading Natural Gas: A Nontechnical Guide was released, and many things have changed: electronic trading, power market deregulation, fracking and the shale revolution, pipelines reversing flow patterns, and LNG exports from the United States.

In this second edition, the author addresses these changes, beginning with a deeper dive into the natural gas market fundamentals of supply, demand, storage, and transportation, maintaining a focus on the relationship to market pricing.

Following discussion of the mechanics of trading physical natural gas, the heart of the text remains a study of financial derivative products specific to natural gas trading, presented through definitions and trading examples. Many of these products and concepts are still current and have been refreshed and kept intact.

New material on the role of natural gas in the power market as it relates to fuel-switching and economic dispatch, as well as a survey of the global LNG market and US exports, is included in this second edition to bring in two of the biggest factors influencing prices in today’s market. Additional statistics, tables, graphs and suggested spreadsheet templates have been provided throughout the book to help visualize many of the discussions on data.

Features & Benefits

• Supply / Demand Fundamentals
• Market overviews (financial and physical)
• Contracts
• Derivatives
• Technical Analysis
• Risk Controls

Audience

• Field level personnel
• Management
• Energy lending and finance professionals
• Anyone who seeks to understand how, or relies upon, energy markets
• Students

About the Author

Fletcher J. Sturm has over 25 years of experience trading physical and financial energy commodity products. He has held numerous roles from analyst to managing director during his time in the industry, working at investment banks, merchant energy companies, hedge funds, and most recently his own commodity trading advisory business. Fletch holds a Bachelor of Science degree in Economics from Penn State University and is a registered Commodity Trading Advisor with the Commodity Futures Trading Commission.

Details
Type: Hardcover
Size: 6 x 9 inches
Pages: 232
Published: December 2020
ISBN: 9781593705039