Based in Houston Texas, GM&T USA began trading natural gas in the US market in 2009. The team currently markets and trades gas at the wholesale level in the North-East, Gulf Coast, Mid-continent, Rockies and West Coast regions. During 2010, GM&T USA expanded its trading activities into financial oil and foreign exchange.
Working closely with colleagues in GGLNG, GM&T USA has negotiated long-term regasification capacity in North America to facilitate the import of LNG into the US. Initially this is sourced from the Sakhalin-2 production facility in eastern Russia, but will also derive from the planned Shtokman project in due course.
GM&T USA’s Carbon team is developing projects in South America under the Clean Development Mechanism (CDM) of the Kyoto Protocol and also preparing to participate in the US carbon emission reduction business, following the anticipated passage of federal greenhouse gas emissions legislation.
As the number of customers and scope of activities in the US grows, the office continues to expand. Future trading activity is planned in power and natural gas liquids.