# Wholesale Gas Marketers

*/CompanyTypes/Wholesale_Gas_Marketers*

Key roles: Cash Gas Trader, Term Gas Trader, Basis Trader, Gas Originator, Natural Gas Scheduler, Pipeline Nominations Specialist, Market Risk Analyst, Middle Office Manager, Credit Risk Manager, Settlements Analyst, Volume & Imbalance Accountant, Fundamentals Analyst, Quantitative Structurer, NAESB Contract Negotiator, Chief Risk Officer. Departments: Gas Trading, Origination & Structured Products, Gas Scheduling & Logistics, Middle Office & Risk Management, Counterparty Credit, Settlements & Gas Accounting, Market Fundamentals, Energy Contracts & Legal.

## Digital Scalar

**Band**: digital
**Digital**: 0.85
**Rationale**: Since no staffed JobTypes are seeded, this scalar is derived from the company type's name and description. The core departments (Gas Trading, Risk Management, Settlements) and key roles (Traders, Risk Analysts, Pipeline Schedulers, Quants) are entirely desk-based knowledge work. Although its parent industry (Natural Gas Distribution) involves physical infrastructure, the specific work of a wholesale marketer consists of commodity trading, financial settlements, and digital pipeline nominations, placing it firmly in the digital band.

## Key Facts

| Key | Value |
| --- | --- |
| Business model | Physical gas trading, capacity optimization, derivative hedging |
| Primary buyers | Basic Chemical Manufacturing, Electric Power Generation, Property Management |
| Key roles | Cash Gas Trader, Gas Originator, Natural Gas Scheduler, Risk Analyst |
| Regulatory oversight | FERC, CFTC |
| Core departments | Gas Trading, Middle Office, Gas Scheduling, Settlements |
| Software stack | ETRM systems, pipeline bulletin boards, Intercontinental Exchange |

## Business Model Canvas

### Channels
- [Direct enterprise sales](/CompanyTypes/Wholesale_Gas_Marketers/Channels/Direct_enterprise_sales)
- [Industry trade shows](/CompanyTypes/Wholesale_Gas_Marketers/Channels/Industry_trade_shows)
- [Energy trading forums](/CompanyTypes/Wholesale_Gas_Marketers/Channels/Energy_trading_forums)
- [Partner referral networks](/CompanyTypes/Wholesale_Gas_Marketers/Channels/Partner_referral_networks)

### Key Partners
- [Pipeline operators](/CompanyTypes/Wholesale_Gas_Marketers/Partners/Pipeline_operators)
- [Energy data providers](/CompanyTypes/Wholesale_Gas_Marketers/Partners/Energy_data_providers)
- [Clearinghouses and exchanges](/CompanyTypes/Wholesale_Gas_Marketers/Partners/Clearinghouses_and_exchanges)
- [Risk management consultancies](/CompanyTypes/Wholesale_Gas_Marketers/Partners/Risk_management_consultancies)
- [Compliance auditing firms](/CompanyTypes/Wholesale_Gas_Marketers/Partners/Compliance_auditing_firms)

### Key Resources
- [Pipeline tariff database](/CompanyTypes/Wholesale_Gas_Marketers/Resources/Pipeline_tariff_database)
- [Real-time pricing engines](/CompanyTypes/Wholesale_Gas_Marketers/Resources/Real-time_pricing_engines)
- [Secure trading APIs](/CompanyTypes/Wholesale_Gas_Marketers/Resources/Secure_trading_APIs)
- [Energy market specialists](/CompanyTypes/Wholesale_Gas_Marketers/Resources/Energy_market_specialists)

### Cost Structure
- Cloud infrastructure hosting
- Real-time market data feeds
- Software engineering payroll
- Enterprise sales commissions
- Regulatory compliance maintenance

### Key Activities
- [Trade capture automation](/CompanyTypes/Wholesale_Gas_Marketers/Processes/Trade_capture_automation)
- [Pipeline nomination routing](/CompanyTypes/Wholesale_Gas_Marketers/Processes/Pipeline_nomination_routing)
- [Imbalance volume tracking](/CompanyTypes/Wholesale_Gas_Marketers/Processes/Imbalance_volume_tracking)
- [Credit risk modeling](/CompanyTypes/Wholesale_Gas_Marketers/Processes/Credit_risk_modeling)
- [Settlement reconciliation](/CompanyTypes/Wholesale_Gas_Marketers/Processes/Settlement_reconciliation)

### Revenue Streams
- Per-user trading desk licenses
- Volumetric scheduling fees
- Custom API integration fees
- Annual maintenance contracts

### Customer Segments
- [Wholesale gas marketers](/CompanyTypes/Wholesale_Gas_Marketers/Customers/Wholesale_gas_marketers)
- [Natural gas traders](/CompanyTypes/Wholesale_Gas_Marketers/Customers/Natural_gas_traders)
- [Energy trading desks](/CompanyTypes/Wholesale_Gas_Marketers/Customers/Energy_trading_desks)
- [Middle office managers](/CompanyTypes/Wholesale_Gas_Marketers/Customers/Middle_office_managers)
- [Imbalance accountants](/CompanyTypes/Wholesale_Gas_Marketers/Customers/Imbalance_accountants)

### Value Propositions
- Automates NAESB contract validation
- Calculates daily pipeline imbalances
- Executes basis trade capture
- Monitors counterparty credit limits
- Routes automated pipeline nominations

### Customer Relationships
- Dedicated implementation engineering
- On-call trading support
- Self-serve analytics dashboards
- Quarterly compliance reviews

## Departments

- [Gas Trading](/CompanyTypes/Wholesale_Gas_Marketers/Departments/Gas_Trading)
- [Origination And Structuring](/CompanyTypes/Wholesale_Gas_Marketers/Departments/Origination_And_Structuring)
- [Scheduling And Logistics](/CompanyTypes/Wholesale_Gas_Marketers/Departments/Scheduling_And_Logistics)
- [Middle Office And Risk](/CompanyTypes/Wholesale_Gas_Marketers/Departments/Middle_Office_And_Risk)
- [Counterparty Credit](/CompanyTypes/Wholesale_Gas_Marketers/Departments/Counterparty_Credit)
- [Settlements And Accounting](/CompanyTypes/Wholesale_Gas_Marketers/Departments/Settlements_And_Accounting)
- [Market Fundamentals](/CompanyTypes/Wholesale_Gas_Marketers/Departments/Market_Fundamentals)
- [Contracts And Legal](/CompanyTypes/Wholesale_Gas_Marketers/Departments/Contracts_And_Legal)

## Job Types

- [Cash Gas Trader](/CompanyTypes/Wholesale_Gas_Marketers/JobTypes/Cash_Gas_Trader)
- [Gas Originator](/CompanyTypes/Wholesale_Gas_Marketers/JobTypes/Gas_Originator)
- [Natural Gas Scheduler](/CompanyTypes/Wholesale_Gas_Marketers/JobTypes/Natural_Gas_Scheduler)
- [Market Risk Analyst](/CompanyTypes/Wholesale_Gas_Marketers/JobTypes/Market_Risk_Analyst)
- [Settlements Analyst](/CompanyTypes/Wholesale_Gas_Marketers/JobTypes/Settlements_Analyst)
- [Quantitative Structurer](/CompanyTypes/Wholesale_Gas_Marketers/JobTypes/Quantitative_Structurer)
- [NAESB Contract Negotiator](/CompanyTypes/Wholesale_Gas_Marketers/JobTypes/NAESB_Contract_Negotiator)

## Org Chart

```mermaid
flowchart TD; A[Gas Originator] --> B[Cash Gas Trader]; B --> C[Natural Gas Scheduler]; B --> D[Market Risk Analyst]; A --> E[Quantitative Structurer]; A --> F[NAESB Contract Negotiator]; F --> G[Settlements Analyst];
```

## Processes

- [Trade Capture to Confirmation](/CompanyTypes/Wholesale_Gas_Marketers/Processes/Trade_Capture_to_Confirmation)
- [Nomination to Pipeline Flow](/CompanyTypes/Wholesale_Gas_Marketers/Processes/Nomination_to_Pipeline_Flow)
- [Mark to Market Valuation](/CompanyTypes/Wholesale_Gas_Marketers/Processes/Mark_to_Market_Valuation)
- [Counterparty Credit Onboarding](/CompanyTypes/Wholesale_Gas_Marketers/Processes/Counterparty_Credit_Onboarding)
- [Volume Allocation to Imbalance](/CompanyTypes/Wholesale_Gas_Marketers/Processes/Volume_Allocation_to_Imbalance)
- [Trade Settlement to Payment](/CompanyTypes/Wholesale_Gas_Marketers/Processes/Trade_Settlement_to_Payment)

## Process Map

```mermaid
flowchart LR; A[Counterparty Credit Onboarding] --> B[Trade Capture to Confirmation]; B --> C[Mark to Market Valuation]; B --> D[Nomination to Pipeline Flow]; D --> E[Volume Allocation to Imbalance]; E --> F[Trade Settlement to Payment]; C --> F;
```

## Tasks

- [Broker Confirm Reconciliation](/CompanyTypes/Wholesale_Gas_Marketers/Tasks/Broker_Confirm_Reconciliation)
- [NAESB Term Extraction](/CompanyTypes/Wholesale_Gas_Marketers/Tasks/NAESB_Term_Extraction)
- [Pipeline Outage Scraping](/CompanyTypes/Wholesale_Gas_Marketers/Tasks/Pipeline_Outage_Scraping)
- [Batch Nomination Formatting](/CompanyTypes/Wholesale_Gas_Marketers/Tasks/Batch_Nomination_Formatting)
- [Forward Curve Ingestion](/CompanyTypes/Wholesale_Gas_Marketers/Tasks/Forward_Curve_Ingestion)
- [Credit Ratio Extraction](/CompanyTypes/Wholesale_Gas_Marketers/Tasks/Credit_Ratio_Extraction)
- [Flow Statement Reconciliation](/CompanyTypes/Wholesale_Gas_Marketers/Tasks/Flow_Statement_Reconciliation)
- [Shadow Invoice Matching](/CompanyTypes/Wholesale_Gas_Marketers/Tasks/Shadow_Invoice_Matching)

## Tools

- [ION RightAngle](/CompanyTypes/Wholesale_Gas_Marketers/Products/ION_RightAngle)
- [Hitachi Energy Endur](/CompanyTypes/Wholesale_Gas_Marketers/Products/Hitachi_Energy_Endur)
- [OATI webPipeline](/CompanyTypes/Wholesale_Gas_Marketers/Products/OATI_webPipeline)
- [Quorum Energy Suite](/CompanyTypes/Wholesale_Gas_Marketers/Products/Quorum_Energy_Suite)
- [Bloomberg Terminal](/CompanyTypes/Wholesale_Gas_Marketers/Products/Bloomberg_Terminal)
- [ICE WebICE](/CompanyTypes/Wholesale_Gas_Marketers/Products/ICE_WebICE)
- [S&P Global Platts](/CompanyTypes/Wholesale_Gas_Marketers/Products/S&P_Global_Platts)
- [FIS Aligne](/CompanyTypes/Wholesale_Gas_Marketers/Products/FIS_Aligne)

## Problems

- [Resolve Pipeline Volume Imbalances](/CompanyTypes/Wholesale_Gas_Marketers/Problems/Resolve_Pipeline_Volume_Imbalances) — ops
- [Secure Pipeline Transport Capacity](/CompanyTypes/Wholesale_Gas_Marketers/Problems/Secure_Pipeline_Transport_Capacity) — supply-chain
- [Mitigate Counterparty Credit Risk](/CompanyTypes/Wholesale_Gas_Marketers/Problems/Mitigate_Counterparty_Credit_Risk) — capital
- [Ensure FERC Trade Compliance](/CompanyTypes/Wholesale_Gas_Marketers/Problems/Ensure_FERC_Trade_Compliance) — compliance
- [Combat Direct Producer Bypassing](/CompanyTypes/Wholesale_Gas_Marketers/Problems/Combat_Direct_Producer_Bypassing) — competitive
- [Originate Industrial Power Buyers](/CompanyTypes/Wholesale_Gas_Marketers/Problems/Originate_Industrial_Power_Buyers) — demand-gen
- [Reconcile Flow Settlement Disputes](/CompanyTypes/Wholesale_Gas_Marketers/Problems/Reconcile_Flow_Settlement_Disputes) — retention
- [Hire Quantitative Structuring Talent](/CompanyTypes/Wholesale_Gas_Marketers/Problems/Hire_Quantitative_Structuring_Talent) — talent

## Opportunities

- [Pipeline Imbalance Agent](/CompanyTypes/Wholesale_Gas_Marketers/Opportunities/Pipeline_Imbalance_Agent) — Agent
- [Flow Reconciliation Service](/CompanyTypes/Wholesale_Gas_Marketers/Opportunities/Flow_Reconciliation_Service) — Service-as-Software
- [Counterparty Credit API](/CompanyTypes/Wholesale_Gas_Marketers/Opportunities/Counterparty_Credit_API) — Headless SaaS
- [Capacity Nomination Automator](/CompanyTypes/Wholesale_Gas_Marketers/Opportunities/Capacity_Nomination_Automator) — Agent
- [Trade Compliance Auditor](/CompanyTypes/Wholesale_Gas_Marketers/Opportunities/Trade_Compliance_Auditor) — Service-as-Software

## Swot

### Threats
- [Renewable Energy Substitution](/CompanyTypes/Wholesale_Gas_Marketers/Markets/Renewable_Energy_Substitution)
- [Integrated Utility AI Desks](/CompanyTypes/Wholesale_Gas_Marketers/Markets/Integrated_Utility_AI_Desks)
- [Algorithmic Energy Hedge Funds](/CompanyTypes/Wholesale_Gas_Marketers/Markets/Algorithmic_Energy_Hedge_Funds)
- [Direct Producer Contracts](/CompanyTypes/Wholesale_Gas_Marketers/Markets/Direct_Producer_Contracts)

### Strengths
- Deep market fundamentals data access
- High-margin structured product origination
- Established pipeline infrastructure relationships

### Weaknesses
- Manual pipeline nomination entry errors
- Delayed counterparty credit resolution
- Complex volume imbalance reconciliations

### Opportunities
- [Automated Pipeline Nominations](/CompanyTypes/Wholesale_Gas_Marketers/Opportunities/Automated_Pipeline_Nominations)
- [Predictive Imbalance Forecasting](/CompanyTypes/Wholesale_Gas_Marketers/Opportunities/Predictive_Imbalance_Forecasting)
- [Real-Time Basis Arbitrage](/CompanyTypes/Wholesale_Gas_Marketers/Opportunities/Real-Time_Basis_Arbitrage)
- [Algorithmic Credit Pricing](/CompanyTypes/Wholesale_Gas_Marketers/Opportunities/Algorithmic_Credit_Pricing)

## Company Type Bmc Profile

**Size**: [Mid Market](/CompanySize/Mid_Market)
**Uses Tool**:
- [Trading Floor Turret](/CompanyTypes/Wholesale_Gas_Marketers/Products/Trading_Floor_Turret)
- [Multi-Monitor Trading Workstation](/CompanyTypes/Wholesale_Gas_Marketers/Products/Multi-Monitor_Trading_Workstation)
**Governance**: [Board Approval](/DecisionStructure/Board_Approval)
**Operates In**:
- [Utilities](/CompanyTypes/Wholesale_Gas_Marketers/Industries/Utilities)
- [Wholesale Trade](/CompanyTypes/Wholesale_Gas_Marketers/Industries/Wholesale_Trade)
**Supplied By**:
- [Natural Gas Producer](/CompanyTypes/Natural_Gas_Producer)
- [Midstream Gathering and Processing Company](/CompanyTypes/Midstream_Gathering_and_Processing_Company)
- [Interstate Pipeline Operator](/CompanyTypes/Interstate_Pipeline_Operator)
**Supplies To**:
- [Local Distribution Company](/CompanyTypes/Local_Distribution_Company)
- [Industrial Energy Buyer](/CompanyTypes/Industrial_Energy_Buyer)
- [Gas-Fired Power Generator](/CompanyTypes/Gas-Fired_Power_Generator)
- [Retail Energy Provider](/CompanyTypes/Retail_Energy_Provider)
**Designation**: none
**Core Activity**:
- [Buying and Reselling Natural Gas at Hub and Citygate Points](/Activities/Buying_and_Reselling_Natural_Gas_at_Hub_and_Citygate_Points)
- [Scheduling Pipeline Nominations Across Daily Cycles](/Activities/Scheduling_Pipeline_Nominations_Across_Daily_Cycles)
- [Hedging Basis and Fixed-Price Exposure with Futures and Swaps](/Activities/Hedging_Basis_and_Fixed-Price_Exposure_with_Futures_and_Swaps)
- [Managing Storage Injection and Withdrawal Positions](/Activities/Managing_Storage_Injection_and_Withdrawal_Positions)
**Outsourced To**:
- [Energy Back Office Outsourcer](/CompanyTypes/Energy_Back_Office_Outsourcer)
**Signature Role**:
- [Gas Scheduler](/JobTypes/Gas_Scheduler)
- [Energy Trader](/JobTypes/Energy_Trader)
- [Risk Analyst](/JobTypes/Risk_Analyst)
- [Term Originator](/JobTypes/Term_Originator)
**Demands Service**:
- [Energy Trading and Risk Management Platform Hosting](/CompanyTypes/Wholesale_Gas_Marketers/Services/Energy_Trading_and_Risk_Management_Platform_Hosting)
- [Commodity Brokerage](/CompanyTypes/Wholesale_Gas_Marketers/Services/Commodity_Brokerage)
- [Pipeline Capacity Release Brokerage](/CompanyTypes/Wholesale_Gas_Marketers/Services/Pipeline_Capacity_Release_Brokerage)
- [Credit Rating Service](/CompanyTypes/Wholesale_Gas_Marketers/Services/Credit_Rating_Service)
**Serves Industry**:
- [Utilities](/CompanyTypes/Wholesale_Gas_Marketers/Industries/Utilities)
- [Manufacturing](/CompanyTypes/Wholesale_Gas_Marketers/Industries/Manufacturing)
- [Energy](/CompanyTypes/Wholesale_Gas_Marketers/Industries/Energy)
**Provides Service**:
- [Natural Gas Supply](/CompanyTypes/Wholesale_Gas_Marketers/Services/Natural_Gas_Supply)
- [Asset Management Agreements](/CompanyTypes/Wholesale_Gas_Marketers/Services/Asset_Management_Agreements)
- [Gas Scheduling Services](/CompanyTypes/Wholesale_Gas_Marketers/Services/Gas_Scheduling_Services)
- [Price Risk Management](/CompanyTypes/Wholesale_Gas_Marketers/Services/Price_Risk_Management)
**Operational Model**: [Corporate Multi Unit](/OperationalModel/Corporate_Multi_Unit)
**Signature Process**:
- [Pipeline Nomination and Confirmation Cycle Management](/Processes/Pipeline_Nomination_and_Confirmation_Cycle_Management)
- [Basis and Fixed Price Hedging Program Execution](/Processes/Basis_and_Fixed_Price_Hedging_Program_Execution)
- [Storage Asset Optimization](/Processes/Storage_Asset_Optimization)
- [Counterparty Credit Exposure Monitoring](/Processes/Counterparty_Credit_Exposure_Monitoring)
- [Imbalance Settlement Reconciliation](/Processes/Imbalance_Settlement_Reconciliation)
**Outsources Process**:
- [Physical Gas Transportation](/Processes/Physical_Gas_Transportation)
- [Back Office Settlement Processing](/Processes/Back_Office_Settlement_Processing)
**Forward Integrates Into**:
- [Retail Energy Provider](/CompanyTypes/Retail_Energy_Provider)

## Neighborhood

### Parent

- [Natural Gas Distribution](/Industries/Natural_Gas_Distribution) — parent · Industries

### Siblings

- [Asset Management Administrators (AMAs)](/CompanyTypes/Asset_Management_Administrators_(AMAs)) — siblings · CompanyTypes
- [Combination Electric and Gas Utility](/CompanyTypes/Combination_Electric_and_Gas_Utility) — siblings · CompanyTypes
- [Combined Gas and Electric Utilities](/CompanyTypes/Combined_Gas_and_Electric_Utilities) — siblings · CompanyTypes
- [Investor-Owned Gas Utility](/CompanyTypes/Investor-Owned_Gas_Utility) — siblings · CompanyTypes
- [Investor-Owned Local Distribution Companies (LDCs)](/CompanyTypes/Investor-Owned_Local_Distribution_Companies_(LDCs)) — siblings · CompanyTypes
- [Municipal Gas Utilities](/CompanyTypes/Municipal_Gas_Utilities) — siblings · CompanyTypes
- [Municipal Gas Utility](/CompanyTypes/Municipal_Gas_Utility) — siblings · CompanyTypes
- [Natural Gas Brokers](/CompanyTypes/Natural_Gas_Brokers) — siblings · CompanyTypes
- [Natural Gas Cooperatives](/CompanyTypes/Natural_Gas_Cooperatives) — siblings · CompanyTypes
- [Propane-Air Peak Shaving Operator](/CompanyTypes/Propane-Air_Peak_Shaving_Operator) — siblings · CompanyTypes
- [Retail Gas Marketers (ESCOs)](/CompanyTypes/Retail_Gas_Marketers_(ESCOs)) — siblings · CompanyTypes

### What it supplies

- [Wine Bars](/CompanyTypes/Wine_Bars) — supplied by · CompanyTypes

### Serves industry

- [Oil and Gas Pipelines](/Industries/Oil_and_Gas_Pipelines) — serves industry · Industries
- [Energy Industry](/Industries/Energy_Industry) — serves industry · Industries
- [Electric Power Generation](/Industries/Electric_Power_Generation) — serves industry · Industries
- [Manufacturing](/Industries/Manufacturing) — serves industry · Industries

### Industries where this operates

- [All Other Financial Investment Activities](/Industries/All_Other_Financial_Investment_Activities) — operates in · Industries
- [Utilities](/Industries/Utilities) — operates in · Industries
- [Wholesale Trade](/Industries/Wholesale_Trade) — operates in · Industries
- [Other Petroleum and Petroleum Products Merchant Wholesalers](/Industries/Other_Petroleum_and_Petroleum_Products_Merchant_Wholesalers) — operates in · Industries
- [Merchant Wholesalers, Nondurable Goods](/Industries/Merchant_Wholesalers,_Nondurable_Goods) — operates in · Industries

### What it uses

- [Bloomberg Terminals](/Products/Bloomberg_Terminals) — uses · Products
- [OATI WebPipeline](/Products/OATI_WebPipeline) — uses · Products
- [Quorum Energy Suite](/Products/Quorum_Energy_Suite) — uses · Products
- [Hitachi Energy Endur](/Products/Hitachi_Energy_Endur) — uses · Products
- [FIS Aligne](/Products/FIS_Aligne) — uses · Products
- [ICE WebICE](/Products/ICE_WebICE) — uses · Products
- [ION RightAngle](/Products/ION_RightAngle) — uses · Products
- [S&P Global Platts](/Products/S&P_Global_Platts) — uses · Products

### Demands service

- [Underground gas storage services](/Services/Underground_gas_storage_services) — demands service · Services
- [Payment clearing and settlement services](/Services/Payment_clearing_and_settlement_services) — demands service · Services
- [Pipeline Tariff Capacity](/Services/Pipeline_Tariff_Capacity) — demands service · Services
- [Market Data Feed](/Services/Market_Data_Feed) — demands service · Services
- [Credit rating services](/Services/Credit_rating_services) — demands service · Services
- [Commodity Brokerage](/Services/Commodity_Brokerage) — demands service · Services
- [Energy Trading and Risk Management Platform Hosting](/Services/Energy_Trading_and_Risk_Management_Platform_Hosting) — demands service · Services
- [Pipeline Capacity Release Brokerage](/Services/Pipeline_Capacity_Release_Brokerage) — demands service · Services
- [Gas Storage Service](/Services/Gas_Storage_Service) — demands service · Services
- [Regulatory Compliance Advisory](/Services/Regulatory_Compliance_Advisory) — demands service · Services
- [Commodity Risk Management](/Services/Commodity_Risk_Management) — demands service · Services

### Core activity

- [Scheduling Nominations Between Producers and Downstream Pipelines](/Activities/Scheduling_Nominations_Between_Producers_and_Downstream_Pipelines) — core activity · Activities
- [Hedging Price Exposure](/Activities/Hedging_Price_Exposure) — core activity · Activities
- [Hedging Commodity Price Exposure](/Activities/Hedging_Commodity_Price_Exposure) — core activity · Activities
- [Buying and Reselling Natural Gas at Hub and Citygate Points](/Activities/Buying_and_Reselling_Natural_Gas_at_Hub_and_Citygate_Points) — core activity · Activities
- [Hedging Basis and Fixed-Price Exposure with Futures and Swaps](/Activities/Hedging_Basis_and_Fixed-Price_Exposure_with_Futures_and_Swaps) — core activity · Activities
- [Managing Storage Injection and Withdrawal Positions](/Activities/Managing_Storage_Injection_and_Withdrawal_Positions) — core activity · Activities
- [Structuring Supply Contracts](/Activities/Structuring_Supply_Contracts) — core activity · Activities
- [Scheduling Pipeline Transport](/Activities/Scheduling_Pipeline_Transport) — core activity · Activities
- [Procuring Natural Gas Supply](/Activities/Procuring_Natural_Gas_Supply) — core activity · Activities
- [Scheduling and Nominating Volumes](/Activities/Scheduling_and_Nominating_Volumes) — core activity · Activities
- [Managing Pipeline Capacity](/Activities/Managing_Pipeline_Capacity) — core activity · Activities
- [Trading Natural Gas Contracts](/Activities/Trading_Natural_Gas_Contracts) — core activity · Activities

### Outsources process

- [Post Trade Clearing And Settlement](/Processes/Post_Trade_Clearing_And_Settlement) — outsources process · Processes
- [Gas Transmission and Delivery](/Processes/Gas_Transmission_and_Delivery) — outsources process · Processes
- [Trade Settlement Processing](/Processes/Trade_Settlement_Processing) — outsources process · Processes
- [Gas Storage](/Processes/Gas_Storage) — outsources process · Processes
- [Gas Storage Operation](/Processes/Gas_Storage_Operation) — outsources process · Processes
- [Pipeline Transportation](/Processes/Pipeline_Transportation) — outsources process · Processes

### Uses tool

- [Telephone Trading Turrets](/Products/Telephone_Trading_Turrets) — uses tool · Products
- [Scheduling Workstation](/Products/Scheduling_Workstation) — uses tool · Products
- [Network Servers](/Products/Network_Servers) — uses tool · Products
- [Multi-Monitor Trading Workstation](/Products/Multi-Monitor_Trading_Workstation) — uses tool · Products
- [Market Data Terminals](/Products/Market_Data_Terminals) — uses tool · Products
- [Energy Trading Terminals](/Products/Energy_Trading_Terminals) — uses tool · Products
- [Market Data Feed Terminal](/Products/Market_Data_Feed_Terminal) — uses tool · Products
- [Pipeline Nomination Terminal](/Products/Pipeline_Nomination_Terminal) — uses tool · Products
- [Energy Trading and Risk Management System](/Products/Energy_Trading_and_Risk_Management_System) — uses tool · Products

### Processes it runs

- [Settlement Reconciliation](/Processes/Settlement_Reconciliation) — runs · Processes
- [Mark to Market Position Valuation](/Processes/Mark_to_Market_Position_Valuation) — runs · Processes
- [Credit Score Model Development and Validation](/Processes/Credit_Score_Model_Development_and_Validation) — runs · Processes
- [Volume Allocation to Imbalance](/Processes/Volume_Allocation_to_Imbalance) — runs · Processes
- [Trade Capture to Confirmation](/Processes/Trade_Capture_to_Confirmation) — runs · Processes
- [Counterparty Credit Onboarding](/Processes/Counterparty_Credit_Onboarding) — runs · Processes
- [Trade capture automation](/Processes/Trade_capture_automation) — runs · Processes
- [Pipeline nomination routing](/Processes/Pipeline_nomination_routing) — runs · Processes

### Signature process

- [Hedge Price Exposure](/Processes/Hedge_Price_Exposure) — signature process · Processes
- [Gas Nomination and Scheduling](/Processes/Gas_Nomination_and_Scheduling) — signature process · Processes
- [Energy Demand Forecasting](/Processes/Energy_Demand_Forecasting) — signature process · Processes
- [Imbalance Charge Reconciliation](/Processes/Imbalance_Charge_Reconciliation) — signature process · Processes
- [Storage Asset Optimization](/Processes/Storage_Asset_Optimization) — signature process · Processes
- [Counterparty Credit Exposure Monitoring](/Processes/Counterparty_Credit_Exposure_Monitoring) — signature process · Processes
- [Basis and Fixed Price Hedging Program Execution](/Processes/Basis_and_Fixed_Price_Hedging_Program_Execution) — signature process · Processes
- [Supply Contract Structuring](/Processes/Supply_Contract_Structuring) — signature process · Processes
- [Gas Supply Procurement](/Processes/Gas_Supply_Procurement) — signature process · Processes
- [Volume Scheduling and Balancing](/Processes/Volume_Scheduling_and_Balancing) — signature process · Processes
- [Pipeline Capacity Management and Nomination](/Processes/Pipeline_Capacity_Management_and_Nomination) — signature process · Processes
- [Gas Supply Procurement and Trading](/Processes/Gas_Supply_Procurement_and_Trading) — signature process · Processes

### Provides

- [Natural Gas Supply](/Services/Natural_Gas_Supply) — provides · Services
- [Asset Management Agreements](/Services/Asset_Management_Agreements) — provides · Services
- [Price Risk Management](/Services/Price_Risk_Management) — provides · Services
- [Gas Scheduling Services](/Services/Gas_Scheduling_Services) — provides · Services
- [Supply Aggregation](/Services/Supply_Aggregation) — provides · Services
- [Wholesale Gas Supply](/Services/Wholesale_Gas_Supply) — provides · Services
- [Supply Aggregation and Brokerage](/Services/Supply_Aggregation_and_Brokerage) — provides · Services
- [Energy Risk Management](/Services/Energy_Risk_Management) — provides · Services
- [Wholesale Natural Gas Supply](/Services/Wholesale_Natural_Gas_Supply) — provides · Services

### Outsourced to

- [Energy Back Office Outsourcer](/CompanyTypes/Energy_Back_Office_Outsourcer) — outsourced to · CompanyTypes
- [Clearing Houses](/CompanyTypes/Clearing_Houses) — outsourced to · CompanyTypes
- [Pipeline Transportation Companies](/CompanyTypes/Pipeline_Transportation_Companies) — outsourced to · CompanyTypes
- [Pipeline Transmission Companies](/CompanyTypes/Pipeline_Transmission_Companies) — outsourced to · CompanyTypes

### Supplies to

- [Industrial Energy Buyer](/CompanyTypes/Industrial_Energy_Buyer) — supplies to · CompanyTypes
- [Gas-Fired Power Generator](/CompanyTypes/Gas-Fired_Power_Generator) — supplies to · CompanyTypes
- [Local Distribution Company](/CompanyTypes/Local_Distribution_Company) — supplies to · CompanyTypes
- [Retail Energy Provider](/CompanyTypes/Retail_Energy_Provider) — supplies to · CompanyTypes
- [Power Generators](/CompanyTypes/Power_Generators) — supplies to · CompanyTypes
- [Industrial Manufacturers](/CompanyTypes/Industrial_Manufacturers) — supplies to · CompanyTypes
- [Industrial Energy Users](/CompanyTypes/Industrial_Energy_Users) — supplies to · CompanyTypes
- [Local Gas Distribution Companies](/CompanyTypes/Local_Gas_Distribution_Companies) — supplies to · CompanyTypes
- [Electric Utilities](/CompanyTypes/Electric_Utilities) — supplies to · CompanyTypes

### Has governance model

- [Board Approval](/DecisionStructure/Board_Approval) — has governance model · DecisionStructure
- [Committee](/DecisionStructure/Committee) — has governance model · DecisionStructure

### Supplied by

- [Natural Gas Producer](/CompanyTypes/Natural_Gas_Producer) — supplied by · CompanyTypes
- [Interstate Pipeline Operator](/CompanyTypes/Interstate_Pipeline_Operator) — supplied by · CompanyTypes
- [Midstream Gathering and Processing Company](/CompanyTypes/Midstream_Gathering_and_Processing_Company) — supplied by · CompanyTypes
- [Gas Storage Operators](/CompanyTypes/Gas_Storage_Operators) — supplied by · CompanyTypes
- [Pipeline Operators](/CompanyTypes/Pipeline_Operators) — supplied by · CompanyTypes
- [Natural Gas Producers](/CompanyTypes/Natural_Gas_Producers) — supplied by · CompanyTypes

### Signature role

- [Term Originator](/JobTypes/Term_Originator) — signature role · JobTypes
- [Risk Analyst](/JobTypes/Risk_Analyst) — signature role · JobTypes
- [Energy Trader](/JobTypes/Energy_Trader) — signature role · JobTypes
- [Risk Management Analyst](/JobTypes/Risk_Management_Analyst) — signature role · JobTypes
- [Gas Scheduler](/JobTypes/Gas_Scheduler) — signature role · JobTypes
- [Natural Gas Trader](/JobTypes/Natural_Gas_Trader) — signature role · JobTypes

### Forward integrates into

- [Local Distribution Companies](/CompanyTypes/Local_Distribution_Companies) — forward integrates into · CompanyTypes

### Problems this exposes

- [multi-year fixed-price physical supply embedded in the manufacturer's product cost has no liquid term hedge past the NYMEX curve's liquid tenor](/Problems/multi-year_fixed-price_physical_supply_embedded_in_the_manufacturer's_product_cost_has_no_liquid_term_hedge_past_the_NYMEX_curve's_liquid_tenor) — exposes problem · Problems
- [manufacturer's behind-the-meter cogen flips between grid power and self-generation on an economic (not weather) trigger, swinging gas take the marketer's load forecast can't model](/Problems/manufacturer's_behind-the-meter_cogen_flips_between_grid_power_and_self-generation_on_an_economic_(not_weather)_trigger,_swinging_gas_take_the_marketer's_load_forecast_can't_model) — exposes problem · Problems
- [feedstock-grade buyers (ammonia, methanol) need guaranteed Btu/quality specs the marketer's blended index supply can't assure, exposing off-spec rejection risk](/Problems/feedstock-grade_buyers_(ammonia,_methanol)_need_guaranteed_Btu%2Fquality_specs_the_marketer's_blended_index_supply_can't_assure,_exposing_off-spec_rejection_risk) — exposes problem · Problems
- [the NAESB gas-day nomination locks before the ISO real-time dispatch that actually calls the unit's burn, so intra-gas-day dispatch swings can't be re-nominated and strand fuel shortfalls](/Problems/the_NAESB_gas-day_nomination_locks_before_the_ISO_real-time_dispatch_that_actually_calls_the_unit's_burn,_so_intra-gas-day_dispatch_swings_can't_be_re-nominated_and_strand_fuel_shortfalls) — exposes problem · Problems
- [spark-spread-conditional burn means the gas-fired generator only takes gas when power LMP clears fuel cost, so swing supply must be hedged against ISO power price, not weather or gas demand](/Problems/spark-spread-conditional_burn_means_the_gas-fired_generator_only_takes_gas_when_power_LMP_clears_fuel_cost,_so_swing_supply_must_be_hedged_against_ISO_power_price,_not_weather_or_gas_demand) — exposes problem · Problems
- [peaker start/stop cycling produces lumpy non-ratable hourly takes that the pipeline's ratable-flow tariff penalizes, with the penalty landing on the marketer's confirmation](/Problems/peaker_start%2Fstop_cycling_produces_lumpy_non-ratable_hourly_takes_that_the_pipeline's_ratable-flow_tariff_penalizes,_with_the_penalty_landing_on_the_marketer's_confirmation) — exposes problem · Problems
- [pricing the embedded swing and storage optionality in a structured physical supply deal against the operator's ratchet limits, with no liquid screen to mark the option value](/Problems/pricing_the_embedded_swing_and_storage_optionality_in_a_structured_physical_supply_deal_against_the_operator's_ratchet_limits,_with_no_liquid_screen_to_mark_the_option_value) — exposes problem · Problems
- [elected imbalance-netting and force-majeure provisions in the NAESB special-provisions sheet differ per pipeline tariff, so a single master can't govern flows across multiple delivery points](/Problems/elected_imbalance-netting_and_force-majeure_provisions_in_the_NAESB_special-provisions_sheet_differ_per_pipeline_tariff,_so_a_single_master_can't_govern_flows_across_multiple_delivery_points) — exposes problem · Problems
- [NAESB base-contract adequate-assurance and collateral-threshold clauses negotiated per counterparty must align with the desk's live credit exposure or a downgrade trigger goes unenforced](/Problems/NAESB_base-contract_adequate-assurance_and_collateral-threshold_clauses_negotiated_per_counterparty_must_align_with_the_desk's_live_credit_exposure_or_a_downgrade_trigger_goes_unenforced) — exposes problem · Problems
- [one VaR limit spanning cleared NYMEX legs and uncollateralized physical forwards forces desk de-risking the physical book can't unwind intraday](/Problems/one_VaR_limit_spanning_cleared_NYMEX_legs_and_uncollateralized_physical_forwards_forces_desk_de-risking_the_physical_book_can't_unwind_intraday) — exposes problem · Problems
- [marking illiquid physical basis legs with no screen price triggers daily desk-vs-risk P&L attribution disputes](/Problems/marking_illiquid_physical_basis_legs_with_no_screen_price_triggers_daily_desk-vs-risk_P&L_attribution_disputes) — exposes problem · Problems
- [credit-adjusted exposure and market VaR computed in separate middle-office systems double-count the same counterparty's posted collateral](/Problems/credit-adjusted_exposure_and_market_VaR_computed_in_separate_middle-office_systems_double-count_the_same_counterparty's_posted_collateral) — exposes problem · Problems
- [storage operator's injection/withdrawal nomination cutoff windows differ from the pipeline nomination cycle, forcing the marketer to commit storage before transport is confirmed](/Problems/storage_operator's_injection%2Fwithdrawal_nomination_cutoff_windows_differ_from_the_pipeline_nomination_cycle,_forcing_the_marketer_to_commit_storage_before_transport_is_confirmed) — exposes problem · Problems
- [cleared-leg variation margin timing is misaligned with physical invoice settlement, opening an intra-month liquidity gap on a fully hedged position](/Problems/cleared-leg_variation_margin_timing_is_misaligned_with_physical_invoice_settlement,_opening_an_intra-month_liquidity_gap_on_a_fully_hedged_position) — exposes problem · Problems
- [clearing-house SPAN margin or position-limit changes mid-cycle force unwinding cleared legs at a loss while the offsetting physical forward posts no collateral](/Problems/clearing-house_SPAN_margin_or_position-limit_changes_mid-cycle_force_unwinding_cleared_legs_at_a_loss_while_the_offsetting_physical_forward_posts_no_collateral) — exposes problem · Problems
- [secondary/released firm capacity on a Pipeline Transportation Company recall-and-resold below the marketer's reservation cost in shoulder months, stranding demand-charge spread](/Problems/secondary%2Freleased_firm_capacity_on_a_Pipeline_Transportation_Company_recall-and-resold_below_the_marketer's_reservation_cost_in_shoulder_months,_stranding_demand-charge_spread) — exposes problem · Problems
- [Manufacturing process-load customers curtail on production downturns not weather, mismatching the marketer's swing-supply and daily-index hedge to plant-driven (not degree-day) demand](/Problems/Manufacturing_process-load_customers_curtail_on_production_downturns_not_weather,_mismatching_the_marketer's_swing-supply_and_daily-index_hedge_to_plant-driven_(not_degree-day)_demand) — exposes problem · Problems
- [Utility (regulated LDC) procurement bids must survive a PUC prudency/least-cost review long after the deal, so supply structuring is constrained by post-hoc prudency audit, not just FERC trade reporting](/Problems/Utility_(regulated_LDC)_procurement_bids_must_survive_a_PUC_prudency%2Fleast-cost_review_long_after_the_deal,_so_supply_structuring_is_constrained_by_post-hoc_prudency_audit,_not_just_FERC_trade_reporting) — exposes problem · Problems
- [Pipeline Transmission Company intraday OFO/critical-day notices arrive after the nomination cycle closes, forcing penalty-priced rebalancing](/Problems/Pipeline_Transmission_Company_intraday_OFO%2Fcritical-day_notices_arrive_after_the_nomination_cycle_closes,_forcing_penalty-priced_rebalancing) — exposes problem · Problems
- [Natural Gas Distribution utility weather-normalized load profile diverges from the marketer's Load Forecasting, stranding capacity on warm-day overbuys](/Problems/Natural_Gas_Distribution_utility_weather-normalized_load_profile_diverges_from_the_marketer's_Load_Forecasting,_stranding_capacity_on_warm-day_overbuys) — exposes problem · Problems
- [Electric Power Generation customer burn is dispatch-driven, decoupling nominated gas volumes from actual metered take](/Problems/Electric_Power_Generation_customer_burn_is_dispatch-driven,_decoupling_nominated_gas_volumes_from_actual_metered_take) — exposes problem · Problems
- [intraday margin calls from a Clearing House on cleared NYMEX legs drain liquidity that the offsetting physical forward posts no collateral against](/Problems/intraday_margin_calls_from_a_Clearing_House_on_cleared_NYMEX_legs_drain_liquidity_that_the_offsetting_physical_forward_posts_no_collateral_against) — exposes problem · Problems
- [injection/withdrawal nominations to an outside Gas Storage Operator forced off hedged seasonal spreads by the operator's ratchet limits](/Problems/injection%2Fwithdrawal_nominations_to_an_outside_Gas_Storage_Operator_forced_off_hedged_seasonal_spreads_by_the_operator's_ratchet_limits) — exposes problem · Problems
- [pipeline capacity nominations and scheduling against shifting FERC tariff points](/Problems/pipeline_capacity_nominations_and_scheduling_against_shifting_FERC_tariff_points) — exposes problem · Problems
- [counterparty credit exposure on physical forward gas contracts](/Problems/counterparty_credit_exposure_on_physical_forward_gas_contracts) — exposes problem · Problems
- [imbalance penalties from pipeline operators on under/over-delivered volumes](/Problems/imbalance_penalties_from_pipeline_operators_on_under%2Fover-delivered_volumes) — exposes problem · Problems
- [basis-spread and intraday price risk between hubs hedged across NYMEX/ICE](/Problems/basis-spread_and_intraday_price_risk_between_hubs_hedged_across_NYMEX%2FICE) — exposes problem · Problems
- [city-gate and LDC delivery confirmations reconciled against actual metered flow](/Problems/city-gate_and_LDC_delivery_confirmations_reconciled_against_actual_metered_flow) — exposes problem · Problems
- [weather-driven demand swings whipsawing daily index vs. fixed-price positions](/Problems/weather-driven_demand_swings_whipsawing_daily_index_vs._fixed-price_positions) — exposes problem · Problems
- [Hire Quantitative Structuring Talent](/Problems/Hire_Quantitative_Structuring_Talent) — exposes problem · Problems
- [Ensure FERC Trade Compliance](/Problems/Ensure_FERC_Trade_Compliance) — exposes problem · Problems
- [Combat Direct Producer Bypassing](/Problems/Combat_Direct_Producer_Bypassing) — exposes problem · Problems
- [Secure Pipeline Transport Capacity](/Problems/Secure_Pipeline_Transport_Capacity) — exposes problem · Problems
- [Resolve Pipeline Volume Imbalances](/Problems/Resolve_Pipeline_Volume_Imbalances) — exposes problem · Problems
- [Reconcile Flow Settlement Disputes](/Problems/Reconcile_Flow_Settlement_Disputes) — exposes problem · Problems
- [Originate Industrial Power Buyers](/Problems/Originate_Industrial_Power_Buyers) — exposes problem · Problems
- [Mitigate Counterparty Credit Risk](/Problems/Mitigate_Counterparty_Credit_Risk) — exposes problem · Problems

### Has size

- [Mid Market](/CompanySize/Mid_Market) — has size · CompanySize

### Has operational model

- [Corporate Multi Unit](/OperationalModel/Corporate_Multi_Unit) — has operational model · OperationalModel

### Latent gaps

- [Counterparty Credit API](/Opportunities/Counterparty_Credit_API) — latent gap · Opportunities
- [Trade Compliance Auditor](/Opportunities/Trade_Compliance_Auditor) — latent gap · Opportunities
- [Pipeline Imbalance Agent](/Opportunities/Pipeline_Imbalance_Agent) — latent gap · Opportunities
- [Flow Reconciliation Service](/Opportunities/Flow_Reconciliation_Service) — latent gap · Opportunities
- [Capacity Nomination Automator](/Opportunities/Capacity_Nomination_Automator) — latent gap · Opportunities

### What it includes

- [Broker Confirm Reconciliation](/Tasks/Broker_Confirm_Reconciliation) — includes · Tasks
- [Credit Ratio Extraction](/Tasks/Credit_Ratio_Extraction) — includes · Tasks
- [Shadow Invoice Matching](/Tasks/Shadow_Invoice_Matching) — includes · Tasks
- [Pipeline Outage Scraping](/Tasks/Pipeline_Outage_Scraping) — includes · Tasks
- [Forward Curve Ingestion](/Tasks/Forward_Curve_Ingestion) — includes · Tasks
- [Flow Statement Reconciliation](/Tasks/Flow_Statement_Reconciliation) — includes · Tasks
- [Batch Nomination Formatting](/Tasks/Batch_Nomination_Formatting) — includes · Tasks
- [NAESB Term Extraction](/Tasks/NAESB_Term_Extraction) — includes · Tasks

### Roles it staffs

- [Settlements Analyst](/JobTypes/Settlements_Analyst) — staffs · JobTypes
- [Quantitative Structurer](/JobTypes/Quantitative_Structurer) — staffs · JobTypes
- [Natural Gas Scheduler](/JobTypes/Natural_Gas_Scheduler) — staffs · JobTypes
- [NAESB Contract Negotiator](/JobTypes/NAESB_Contract_Negotiator) — staffs · JobTypes
- [Market Risk Analyst](/JobTypes/Market_Risk_Analyst) — staffs · JobTypes
- [Gas Originator](/JobTypes/Gas_Originator) — staffs · JobTypes
- [Cash Gas Trader](/JobTypes/Cash_Gas_Trader) — staffs · JobTypes

### Partners

- [Risk management consultancies](/Partners/Risk_management_consultancies) — partners · Partners
- [Pipeline operators](/Partners/Pipeline_operators) — partners · Partners
- [Energy data providers](/Partners/Energy_data_providers) — partners · Partners
- [Compliance auditing firms](/Partners/Compliance_auditing_firms) — partners · Partners
- [Clearinghouses and exchanges](/Partners/Clearinghouses_and_exchanges) — partners · Partners

### What it needs

- [Secure trading APIs](/Resources/Secure_trading_APIs) — needs · Resources
- [Real-time pricing engines](/Resources/Real-time_pricing_engines) — needs · Resources
- [Pipeline tariff database](/Resources/Pipeline_tariff_database) — needs · Resources
- [Energy market specialists](/Resources/Energy_market_specialists) — needs · Resources

### Who it serves

- [Wholesale gas marketers](/Customers/Wholesale_gas_marketers) — serves · Customers
- [Natural gas traders](/Customers/Natural_gas_traders) — serves · Customers
- [Middle office managers](/Customers/Middle_office_managers) — serves · Customers
- [Imbalance accountants](/Customers/Imbalance_accountants) — serves · Customers
- [Energy trading desks](/Customers/Energy_trading_desks) — serves · Customers

### Sold via

- [Partner referral networks](/Channels/Partner_referral_networks) — sells via · Channels
- [Industry trade shows](/Channels/Industry_trade_shows) — sells via · Channels
- [Energy trading forums](/Channels/Energy_trading_forums) — sells via · Channels
- [Direct enterprise sales](/Channels/Direct_enterprise_sales) — sells via · Channels