Straight from their website:
"In addition to trading the US natural gas derivatives markets, the US gas team acquired a portfolio of natural gas pipeline transportation capacity in 2016 which has enabled the team to grow its physical footprint. On an opportunistic basis we would be interested in speaking with the top physical US gas talent in the commodities space."
What do you guys know at this point, what kind of volume are we talking? Is there a long term opinion yet? Is this in Texas? Who are they hiring, big time traders? Schedulers? Pipeline engineers?
interested
also interested
They mention "transportation capacity" in their write up about it. Telling me that they do not own the physical pipe but merely space on pipelines owned by other companies. So no engineers. Definitely hiring physical traders and schedulers though or that capacity won't be much use to them.
Citadel in April traded enough natural gas to meet more than a month of US residential demand. Not only that but unlike other hedge funds they are trading actual molecules over North American pipelines.
In 2017 it bought and sold more than 270 Bn cubic feet of gas which is more than thrice of what it traded in 2016. In 2017, Citadel purchased 475.1bn cu ft and sold 456.3bn in the US physical market, according to a document it filed to FERC in April. In 2016, the group bought 133.5bn cu ft and sold 118.6bn.
The amount has actually put it in the league of Vitol which bought 549.7bn cu ft and sold 541.3bn of wholesale US gas in 2017.
Source: FT
They have an office in Houston, and yes they've been hiring "PM" and "Scheduler" roles for that office over the last few months based on my casual LinkedIn browsing.
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