Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today announced that it successfully initiated physical clearing at two new hubs in the U.S. market earlier this week.
“We are very pleased to continue to increase our U.S. presence,” said Peter Krenkel, President, NGX. “The addition of two new physical clearing hubs further advances our U.S. growth plan.”
The additions include the Oneok Gas Transportation (OGT) hub in Oklahoma. OGT is an intrastate pipeline that is connected to six underground storage facilities, 20 processing plants and 130 producing fields.
The second new NGX hub is Tennessee Gas Pipeline's Zone Zero North (TGP-Z0 North), an interstate pooling point that covers a broad area in north Texas. The hub compliments the TGP-Z0 South location, where NGX began physical clearing in April 2011.
NGX now offers physical clearing at 37 U.S. locations.