Energy trading to grow 30% in 2002-2006
Energy trading in liquid hydrocarbons will continue to be robust, buoyed by high prices and increased volatility, Energy Insights says. Trading in electricity and natural gas will recover from the post-Enron slump. This market will grow by 30% during 2002-2006, with oil and gas majors and financial service firms dominating the trading markets, but with asset-based traders, particularly in power, reengaging. Further on the horizon, increased participation of financial institutions in energy commodity trading will bring program trading in 2008 to 2010.