CSR Mercuria 2019 - Flipbook - Page 15
Our energy mix
Our business mix diversified over the years, evolving from a pure liquid centric strategy (crude oil and
petroleum products) in the early years of Mercuria to a much larger portfolio, including Metals & Mining (Coal representing less than 5% of our turnover) and above all, Gas, Power and Emissions.
Products % in MTOE
2009FY
2010FY
2011FY
2012FY
2013FY
2014FY
2015FY
2016FY
2017FY
2018FY
2019FY
Liquids
90%
80%
72%
47%
51%
39%
28%
33%
36%
26%
25%
Gas, Power and Emissions
10%
18%
23%
46%
41%
53%
60%
61%
56%
69%
69%
Metal & Mining
0%
2%
4%
7%
8%
8%
6%
6%
7%
5%
7%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
TOTAL
Gas represents constantly over 50 % of our traded volumes since the mid 10’s and over two thirds in
the past two years.
We acknowledge the importance of Gas in the energy transition both as a replacement for higher carbon emission fuels and as a back-up for renewables. Beyond internal growth, particularly in Europe,
the acquisitions of JP Morgan gas activities in North America in 2016 and more recently Noble US
Power & Gas were important milestones in the development of our gas activities. We also opened an
LNG desk out of London in 2019 to extract more values from our existing unique position being one of
the largest independent gas traders both in the US and in Europe.
Overall Commodities CO2 Intensity (CO2e/MT OE)
3.15
3.10
3.05
3.00
2.95
2.90
2.85
2.80
2.75
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
15