How did Six One Commodities LLC surpass Trafigura in US physical natural gas trading volume in 2025?

Six One Commodities LLC traded 4.6 billion cubic feet of US natural gas per day in 2025 — an almost 250% increase from the prior year and its largest-ever annual volume — ranking it ahead of Trafigura Trading’s 3.5 billion cubic feet per day, as well as Freepoint’s 3.2 billion and Hartree’s 2.5 billion, according to regulatory filings.

What distinguishes physical natural gas trading from financial trading, and why is it gaining renewed importance in the US market?

Physical gas trading involves buying, selling, shipping, and storing actual molecules of natural gas, unlike purely financial investing focused on futures contracts and derivatives; it is experiencing a resurgence after over a decade of stagnation due to surging demand from liquefied natural gas exports, data centers, and electric vehicles — all of which increased market volatility — further intensified by geopolitical disruptions like the Iran war.

Energy Merchant Six One Overtakes Trafigura in US Gas Trading

Apr 24, 2026

Six One Commodities surpassed Trafigura in US natural gas trading volume, hitting 4.6 billion cubic feet daily in 2025 amid rising demand from exports and data centers. The merchant plans to expand its physical gas market presence globally.

bloomberg

2026-04-24

Energy Merchant Six One Overtakes Trafigura in US Gas Trading

Energy Merchant Six One Overtakes Trafigura in US Gas Trading

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