Gas Trading

At Cobblestone Energy we have built a physical gas portfolio that includes both storage and pipelines. The market is dynamic, with an intricate balance of supply, demand, and regulatory policies shaping trading opportunities. We understand and operate in the key markets considering the evolving consumption patterns, and the potential for LNG and renewable integration.

We trade wholesale gas on all major European hubs both OTC and via established exchanges, optimizing physical gas flows via our storage and transportation portfolio underpinned by EFET trade agreements.

How We Trade Gas

our model & approach

Physical Gas Trading

We trade physical natural gas across major European hubs, operating through storage and pipeline-connected markets. Our activity is shaped by supply and demand fundamentals, infrastructure availability, and delivery constraints, with a focus on reliable execution.

Curve & Forward Trading

Along the gas curve, we engage in forward positions across multiple delivery periods. Curve trading is informed by structural market drivers, seasonal demand, storage dynamics, and supply expectations, allowing participation beyond immediate delivery horizons.

Operational Execution & Delivery

Gas trading requires precise coordination across nomination, scheduling, and delivery processes. Our activity accounts for timing, volume, and operational constraints throughout the delivery cycle, supporting reliable fulfilment across physical gas markets.

Key Gas Trading Markets

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The Core of Gas Trading

experience anchoring strategy

Gas trading at Cobblestone Energy is built on structured decision-making, physical market understanding, and disciplined governance. Our approach reflects the regulated and infrastructure-led nature of gas markets, where execution quality depends on judgement, systems, control, and established relationships with reputable and long-standing counterparties.

Governance & Control

Risk management frameworks, internal policies, and compliance standards are embedded across our gas trading activity. Trading is conducted within defined limits and oversight structures, aligned with regulatory requirements and the licences under which we operate across European markets.

Technology & Analytics

In-house technology and analytical tools support market analysis, forecasting, and monitoring of positions. These systems enhance transparency, consistency, and control, enabling informed decision-making across physical and forward gas markets.

Partnerships & Market Participation

We engage with reliable counterparties and established market participants through structured commercial relationships. Trading activity is underpinned by recognised contractual frameworks and supported by long-term partnerships that enable stable and transparent market participation.

Risk Management

Disciplined Risk Framework

Trading activity is governed by defined limits, controls, and governance structures across physical gas markets and forward positions.

Integrated Controls

Risk, trading, and operations functions work closely together to ensure transparency, oversight, and consistency in decision-making.

Continuous Monitoring

Positions, exposures, and performance are monitored in real time, supported by analytics and automated checks.

Operational Reliability

Strong back-office processes and system resilience ensure accurate settlement, reporting, and regulatory compliance.

Teams & Expertise

people behind the performance

Our gas trading activity is supported by teams with experience across physical markets, analytics, and operations. Collaboration between traders, analysts, and technology specialists ensures alignment between market insight, execution, and control.

In-house IT solutions, analytical tools, and selective use of artificial intelligence support forecasting, monitoring, and decision-making. Expertise is built through structured development, continuous learning, and close engagement with evolving market structures and infrastructure dynamics.

Join our Gas Trading team.
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