TMX Group Inc. today announced that Natural Gas Exchange (NGX), a wholly-owned subsidiary of TMX Group that trades and clears natural gas, crude oil and electricity contracts, has opened four new natural gas clearing points in the United States. The new hubs include Socal CityGate, NNG Ventura, ANR SE pool and Tennessee 800L.
“The addition of four new natural gas hubs to our existing U.S. locations further enhances our overall goal of diversifying and expanding our presence in the North American energy market,” said Tom Kloet, CEO, TMX Group.
The four new points represent another step in expansion of the project that began in 2008 and now totals 17 cleared physical gas hubs in the U.S. “We are very excited to open four new locations and look forward to continuing to meet market requirements for further expansion opportunities,” said Peter Krenkel, President, NGX.