Energy Trading and risk management
A leader in international energy markets, ENGIE Global Markets (EGM) is the Group’s trading platform. It offers a full range of financial products and services to Group BUs and third parties throughout the energy value chain.
A trading platform at the heart of ENGIE
ENGIE Global Markets (EGM), formerly GDF SUEZ Trading, is a wholly-owned ENGIE subsidiary employing nearly 400 people worldwide.
Active in energy markets for nearly 20 years, EGM is a trusted partner in energy and trading. In 2015, it traded commodity volumes equivalent to 13,350 TWh across the entire energy mix: natural gas, power, crude oil and refined oil products, bulk commodities and environmental products.
Drawing from ENGIE’s long-term industry experience, EGM has been active throughout the liberalization of energy markets and strives to serve the energy community day-to-day.
Solid guarantees for the future
EGM is a regulated entity with the status of investment services provider, enabling it to provide financial services to third parties. As such, EGM operates in line with the highest standards of business, risk control and compliance. For example, ENGIE is the only energy company with an affiliate that already meets the requirements of the revised European Markets in Financial Instruments Directive (MiFID II).
An energy player with a global scope
EGM is an established player in Europe and Asia, with trading platforms in Paris, Rome, Brussels and Singapore, and activities in 40 countries worldwide. By changing its name from GDF SUEZ Trading in March 2016, EGM aligned with the Group’s “One Company, One Brand” principle. This new name illustrates the worldwide reach of its product range and services, as well as its commitment to supporting ENGIE’s international development.
A trusted partner in energy and trading
Having an integrated trading platform helps the Group secure its revenues by hedging against price volatility, which can have significant impacts on financial results. EGM thus implements trading strategies to manage variations in commodity prices, or price differentials between different markets and maturities.
Beyond hedging, EGM creates additional value for the Group by optimizing the value of ENGIE’s physical and financial assets. This can involve, for instance, capitalizing on favorable price differentials between commodities – such as between the gas buying price and the power selling price – or extracting value from asset flexibility by selling underused storage capacities. EGM capitalizes on longstanding experience managing ENGIE’s diverse portfolio to offer reliable asset optimization and risk management services to external clients. Finally, EGM offers comprehensive market access services, combining risk management and financing by third parties, for energy players seeking to sell their production or requiring access to wholesale markets.
EGM serves more than 350 internal and external counterparts across the full spectrum of energy players: from producers, storage providers and shippers to refiners, trading counterparts, financial institutions and industrials.
Preparing the future of energy markets
EGM’s unique combination of industrial experience and financial expertise makes it a hub for market innovation. Day-to-day, EGM strives to serve the entire energy community by advocating for efficient market design in its interactions with exchanges, regulatory bodies and professional associations.
The revolutionary effects of the energy transition make this advocacy all the more important. EGM works to ensure the efficiency and sustainability of energy markets, relying on its proven track record in accompanying regulatory change and contributing to the evolution of market infrastructures.
ENGIE Global Markets – 2015 Key Figures
- Employees 390
- Counterparts 350+
- Operating in 40 countries
- Equity €1.4 bn
- Volumes traded 13,350 TWh eq. overall
- Power 1,250 TWh
- Gas 6,400 TWh
- Oil & products 2.16 bn BOE
- Bulk commodities 247 Mt
- CO2 emissions 292 Mt