Analyst, Natural Gas Trading & Marketing

TransCanada PipeLines; Calgary; On-site; CAD 70,000 - 110,000; Full time

Job summary

TC Energy is seeking an Analyst, Natural Gas Trading & Marketing to support commercial decision-making, asset optimization, and trading activities across our natural gas portfolio. You will work alongside experienced traders, schedulers, and professionals, with a structured development path toward a trading role.

The role emphasizes market analysis, portfolio optimization, transaction support, and building analytical tools using Python, VBA, and SQL.

Qualifications

• Bachelor’s degree or higher in a relevant field.
• 2–5 years in natural gas market analysis, energy trading, or related roles.
• Familiarity with Alberta natural gas fundamentals and regional pricing dynamics.
• Experience with large datasets, market intelligence, and analytical models.
• Advanced analytical and problem-solving capabilities.
• Proficiency with Microsoft Excel.
• Experience with Python and/or SQL for data analysis and reporting.

Responsibilities

• Analyze North American natural gas market fundamentals and price outlooks for trading decisions.
• Support optimization of physical and financial positions across storage and transportation portfolios.
• Evaluate time spreads, location spreads and other market opportunities.
• Contribute to on-call rotation for weekends.
• Develop analytical models, forecasting tools, and market intelligence reports.
• Produce clear reporting and market commentary for traders and management.

Skills

Analytical skills

Quantitative analysis

Communication

Excel

Python/SQL

Education

Bachelor’s degree in Engineering, Economics, Finance, Mathematics, Statistics, Data Science, Commerce, or related

Tools

Python

SQL

Excel

Job description

At TC Energy, we are proud to connect the world to the energy it needs. Guided by our values of safety in every step, personal accountability, one team and active learning , we deliver the critical energy that North America and the world rely on while balancing reliability, affordability and sustainability.

Join us. Connect to what matters.

The Opportunit y

The Canadian Gas Storage & Marketing team is seeking a highly motivated Analyst, Natural Gas Trading & Marketing to support commercial decision-making, asset optimization, and trading activities across our natural gas portfolio. This role offers a unique opportunity to develop deep expertise in North American natural gas markets while working directly alongside experienced traders, schedulers, and commercial professionals.

The successful candidate will play a key role in market analysis, portfolio optimization, transaction support, and business intelligence. As part of a structured development path, this position is intended to evolve into a trading role.

What you'll do

Market Analysis & Commercial Insights

• Analyze North American natural gas market fundamentals, including supply, demand, storage, LNG exports, power generation demand, industrial consumption, and weather impacts.
• Develop short-, medium-, and long-term market views and price outlooks to support trading and portfolio optimization decisions.
• Monitor pipeline flows, transportation constraints, basis relationships, and regional market dynamics across major gas hubs.
• Identify and communicate trading and commercial opportunities arising from changing market conditions, infrastructure constraints, and regional dislocations.

Trading & Portfolio Support

• Support the optimization of physical and financial positions across storage and transportation portfolios.
• Evaluate time spreads, location spreads, and other market opportunities impacting portfolio value.
• Assist in the assessment of transportation agreements, storage opportunities, and structured commercial transactions.
• Contribute to the team's on call rotation for approximately 10 to 12 weekends per year

Analytics & Reporting

• Develop and maintain analytical models, forecasting tools, and market intelligence reports.
• Build and enhance Python, VBA, and SQL-based analytics to improve decision-making and commercial performance
• Conduct scenario analysis, sensitivity testing, and market impact assessments.
• Produce clear, actionable reporting and market commentary for traders, management, and commercial stakeholders.
• Maintain awareness of pipeline open seasons, transportation markets, maintenance activities, and capacity release opportunities.

Collaboration & Continuous Improvement

• Partner closely with Trading, Origination, Scheduling, Operations, Risk Management, Accounting, and Information Technology teams.
• Identify opportunities to improve analytical processes, reporting capabilities, and trading workflows.
• Contribute to a high-performance, collaborative team culture focused on continuous learning and commercial excellence.

Minimum Qualifications

• Bachelor's degree in Engineering, Economics, Finance, Mathematics, Statistics, Data Science, Commerce, or a related discipline.
• 2-5 years of experience in natural gas market analysis, energy trading, utilities, commodities, consulting, or related commercial roles.
• Familiarity with Alberta natural gas fundamentals, including supply, demand, storage, LNG, transportation, and regional pricing dynamics.
• Experience working with large datasets, market intelligence, and analytical models.
• Advanced analytical, quantitative, and problem-solving capabilities.
• Proficiency with Microsoft Excel.
• Experience with Python and/or SQL for data analysis and reporting
• Strong communication skills with the ability to translate analysis into actionable commercial insights.

Preferred Qualifications

• Knowledge of Western Canadian and North American natural gas markets and infrastructure.
• Familiarity with NGTL, Mainline, Westcoast, GTN, GLGT, Northern Border, and interconnected pipeline systems.
• Experience supporting trading, optimization, portfolio management, or commercial strategy activities.
• Experience developing automated reporting, forecasting, or decision-support tools.
• Python, VBA, SQL, and advanced data visualization experience.

Why Join Us?

Career Opportunity

This role provides direct exposure to one of North America's most dynamic commodity markets and offers a clear pathway into a commercial trading career. You will work alongside experienced industry professionals, contribute to meaningful commercial decisions, and help maximize the value of a diverse portfolio of natural gas transportation and storage assets. If you thrive in a fast-paced environment, enjoy solving complex market problems, and are motivated by commercial results, we'd like to hear from you.

About our business

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected