CHICAGO, June 26,
2024 /PRNewswire/ -- CG Hub, a pioneering certified
gas marketplace, is delighted to announce its one-year anniversary.
Over the past year, this platform has revolutionized the way
certified natural gas is traded, providing transparency,
efficiency, and liquidity to the certified gas industry.
Since its launch, CG Hub's certified natural gas trading
marketplace has garnered widespread acclaim for its innovative
approach to addressing the challenges facing the certified natural
gas market. By leveraging cutting-edge technology and a commitment
to sustainability, CG Hub has facilitated seamless transactions
while reporting compliance with important environmental
standards.
"We are excited to celebrate the one-year anniversary of our
certified natural gas trading platform," said Jon Olson, CEO of CG Hub. "In just one year, we
have witnessed remarkable growth and transformation within the
industry. Our platform has simplified trading processes while
paving the way to a more sustainable future."
One of the key features of CG Hub's platform is its ability to
trade certificates from all certifiers, including unique evidence
of gas quality from companies that choose to self-certify. Through
their various processes, certifiers verify the origin and
environmental attributes of certified natural gas. Establishing
liquidity for certified gas transactions, the CG Hub marketplace
facilitates transactions that enable a) buyers to make informed
decisions that align with their environmental goals and b) sellers
to monetize their efforts to produce lower carbon natural gas.
In addition to enhancing market liquidity and price
transparency, CG Hub drives efficiency and reduces transaction
costs for participants. Using advanced analytics and ongoing price
monitoring, traders can access critical market data and gain
insights, empowering them to make smarter transactional
decisions.
Over the past year, CG Hub has continued to expand its
platform's reach, forging strategic partnerships with leading
industry players and regulatory bodies. These collaborations have
enabled the platform to scale rapidly and establish itself as a
trusted marketplace for certified natural gas transactions. The
marketplace is experiencing ever-increasing volume of originations
to buy or sell certified gas bundled with certificates and
unbundled certificates. Just last week, valued members, including
Ascent Resources, Virginia Natural Gas (a subsidiary of Southern
Company Gas), and Seneca Resources executed transactions involving
both physical gas and unbundled certificate asset classes.
Ken Yagelski, Director of Gas
Supply for Southern Company Gas said, "by using CG Hub, we can see
activity at multiple locations, analyze pricing in various markets,
and interact with an array of counter parties as we choose. By
using CG Hub, we see more of the market on one screen."
"CG Hub allows us to market certificates to a broader audience
than we can using our legacy, manual processes," said
Rob Lindroos, Senior Manager, Marketing for Seneca
Resources.
Chaz Allen, Director, Marketing
and Transportation for Ascent Resources said, "the CG Hub's ability
to support transactions in both the physical gas, including
certificates, and unbundled certificates without physical gas
attached allows us to meet the varying needs of our customers."
As CG Hub looks ahead to the future, it remains committed to
driving innovation and sustainability within the natural gas
industry, including supporting additional asset classes. By
harnessing the power of technology and collaboration, the company
aims to further assist its customers to accelerate their transition
to a low-carbon economy.
To learn more about CG Hub's certified natural gas trading
platform, please visit www.trumarx.com/cg-hub.
About CG Hub
Headquartered in Chicago with
offices throughout the US, TruMarx Data Partners, Inc. is an
experienced team of energy professionals with an established track
record delivering powerful technology solutions, including the
marketplaces COMET and CG Hub, to meet energy market challenges
facing global customers, including the measurement of specific
transactional attributes required to quantify ESG goals.
About Seneca Resources Company, LLC
Seneca Resources Company, LLC (Seneca), is the exploration and production
segment of National Fuel Gas Company. Headquartered in Houston, Texas, Seneca explores, develops and produces natural
gas in the Appalachian Region, including the Marcellus and Utica
Shales. More information on Seneca
can be found at nationalfuel.com.
About Virginia Natural Gas
Virginia Natural Gas is one of four natural gas distribution
companies of Southern Company Gas, a wholly owned subsidiary of
Southern Company. Virginia Natural Gas provides natural gas service
to more than 310,000 customers in southeast Virginia. Named a Top Workplace in 2023,
Virginia Natural Gas also has been recognized as one of the safest,
most reliable and customer-focused natural gas service providers
and is consistently ranked in the top quartile for customer
satisfaction by J.D. Power and Associates. Visit
virginianaturalgas.com.
About Southern Company Gas
Southern Company Gas is a wholly owned subsidiary of
Atlanta-based Southern Company,
America's premier energy company. Southern Company Gas serves
approximately 4.4 million natural gas utility customers through its
regulated distribution companies in four states and approximately
660,000 retail customers through its companies that market natural
gas. Other nonutility businesses include investments in interstate
pipelines. Visit southerncompanygas.com.
About Ascent Resources
Ascent is one of the largest private producers of natural gas in
the United States and is focused
on acquiring, developing, and operating natural gas and oil
properties located in the Utica Shale in southern Ohio. With a continued focus on good corporate
citizenship, Ascent is committed to delivering cleaner burning,
affordable energy to our country and the world, while reducing
environmental impacts. Visit ascentresources.com.
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SOURCE CG Hub