What is AECO price?
AECO Price means the Alberta Energy Company monthly index of Gas price for a Calendar Month, expressed in $/MMBTU, as reported by the Natural Gas Intelligence.
What is AECO C price?
AECO-C. The AECO “C” spot price is the Alberta gas trading price. It has become one of North America’s leading price-setting benchmarks. To find the AECO-C spot price and other market prices, go to Natural Gas Exchange (NGX).
Does ice own NGX?
The Natural Gas Exchange, Inc. (NGX), headquartered in Calgary, Alberta, is owned by the Intercontinental Exchange (ICE), who acquired it from TMX Group in December 2017. NGX provides an electronic trading platform, clearing and data for trading North American natural gas and power markets.
What is AECO NIT?
AECO NIT means a Nova Inventory Transfer on the TransCanada Alberta System.
Where is AECO hub?
Alberta
The Suffield Facility is located in southeastern Alberta near Medicine Hat and close to the Nova system’s ‘eastern gate’, where gas is delivered into TransCanada’s Canadian Mainline and the Foothills/Northern Border Pipeline systems. This is the largest delivery point for Alberta natural gas.
What does AECO stand for?
AECO
| Acronym | Definition |
|---|---|
| AECO | Accredited Elevator/Escalator Certification Organization |
| AECO | Aeromedical Evacuation Control Officer |
| AECO | Advance Engineering Change Order |
| AECO | Architecture, Engineering, Construction and Owner-operated |
What is AECO C?
AECO C is a virtual trading point that includes all trades on TransCanada’s Alberta pipeline system (also known as the NOVA system). The pipeline system transports natural gas produced in Alberta and British Columbia to demand markets in eastern Canada and the United States.
What does Ngx stand for?
NGX
| Acronym | Definition |
|---|---|
| NGX | Next Generation X |
| NGX | Natural Gas Exchange Inc. (Canada) |
Who owns NYSE Euronext?
Intercontinental Exchange
NYSE Euronext
| Type | Subsidiary |
|---|---|
| Fate | Acquired by Intercontinental Exchange, Euronext later spun off |
| Headquarters | 11 Wall Street, New York, New York (state) , United States |
| Area served | United States, European Union |
| Key people | Duncan L. Niederauer (CEO) |
Who is AECO?
After a strong first quarter, the second quarter of 2019 was challenging with AECO 5A natural gas pricing averaging $1.03 per Mcf, the lowest in quarterly average in decades, resulting in adjusted funds used in operations….AECO.
| Acronym | Definition |
|---|---|
| AECO | Architecture, Engineering, Construction and Owner-operated |
What does mmbtu HR mean?
British Thermal Units per hour
MMBTU/hr (HHV) means a unit of measure of heat input rate expressed as Millions of British Thermal Units per hour, based on the higher heating value of the fuel.
Where is AECO?
The Suffield Facility is located in southeastern Alberta near Medicine Hat and close to the Nova system’s ‘eastern gate’, where gas is delivered into TransCanada’s Canadian Mainline and the Foothills/Northern Border Pipeline systems. This is the largest delivery point for Alberta natural gas.
Is the natural gas market active on NYMEX?
Although natural gas for future months or years is not actively traded on the NGX trading screen, NGX does provide future market prices based on trading that takes place on the more active NYMEX trading floor.
What are the terms of the NGX platform?
The NGX platform brings together sellers who “offer” natural gas for sale and buyers who “bid” for natural gas purchases. Contract terms may be for the day, the weekend, rest of month or future months’ deliveries.
How are natural gas prices determined on NGX?
Another highly traded product on NGX is the “AECO/NIT 7A” Monthly Index price. Each day, traders buy and sell natural gas for next month’s deliveries. At the end of the month, NGX determines the monthly index price for the next month using the weighted average price of all transactions contracted for that month.
What’s the difference between Henry Hub and AECO C?
The price differential between AECO-C and Henry Hub widened to US$1.95 per million British thermal units (/MMBtu) in 2018 from US$1.16/MMBtu in 2017, which is wider than it has been in previous years, averaging under US$0.65/MMBtu between 2009 and 2015.