NGX and Alliance Pipeline launch services at new US trading hub

NGX and Alliance Pipeline announced today the addition of the Alliance Chicago Exchange market hub (APC-ACE) as a cleared trading point on NGX.

"We continue our work to broaden NGX's presence in the US physical natural gas market," said Jim Oosterbaan, President and Chief Executive Officer, NGX. "The Alliance Pipeline system has a proven track record in the North American market and we are pleased to bring our customers new trading opportunities and access to increased liquidity with the addition of APC-ACE to NGX's physical clearing locations."

The service will benefit shippers by offering natural gas clearing and trading at the APC-ACE location, via NGX, which is a wholly-owned subsidiary of TMX Group that offers trading and clearing services for natural gas, crude oil and electricity contacts.

"This new offering complements our existing ACE Hub services," said Cathie Legge, Manager, Customer Service and Marketing at Alliance Pipeline. "NGX is a key clearing and trading player. This will make trading on the Alliance system more convenient and transparent, to the benefit of both our shippers and the marketplace."

NGX also recently added Dominion NP and Waha as clearable points and now offers products and clearing services at 76 natural gas, crude oil and power locations in North America, including 52 locations in the US.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/29072014/ngx-and-alliance-pipeline-launch-services-at-new-us-trading-hub/