Published by Todd Bush on June 12, 2023
Leading Natural Gas Producers Become First Subscribers Providing Liquidity on World's First Electronic Trading Platform for Certified Natural Gas and Certificates
CHICAGO, June 12, 2023 /PRNewswire/ -- CG Hub, the world's first commodities trading platform focused exclusively on certified natural gas and certified natural gas certificates, today announced that Seneca Resources Company, LLC (Seneca) and Northeast Natural Energy (Northeast) have joined its certified natural gas platform. Effective immediately, Seneca and Northeast will be providing access to over 1 billion cubic feet per day of certified natural gas liquidity through CG Hub.
>> In Other News: Halliburton Wins Well Completions Contract for HyNet North West Carbon Capture and Storage Project
The first commodities trading platform of its kind to create a marketplace for certified natural gas and related certificates, CG Hub was developed in collaboration with MiQ, creator of the industry standard independent audit certification for methane gas emissions. Supporting primary and secondary market trading in natural gas and related certificates from all certifiers, CG Hub creates a transparent, centralized platform for bids and offers, along with a detailed audit trail of certification details and methane emissions levels for each transaction.
"Certified natural gas is the bridge to the future of sustainability. By creating a trading platform that supports a vibrant and dynamic marketplace in certified natural gas, we believe CG Hub will play a critical role in driving market-led transformation of the natural gas industry," said Jon Olson, CG Hub Chief Executive Officer. "We're proud to welcome Seneca and Northeast as liquidity providers on the platform and we expect to be announcing more liquidity providers in the coming weeks."
Currently, approximately one-third of the total U.S. natural gas supply has been independently certified. With major producers, marketers, and buyers rapidly moving to certify their supply chains, the market for certified natural gas is expected to grow exponentially in the coming months, with certified supply commanding a price premium over non-certified natural gas. As the only trading hub for this fast-moving marketplace, CG Hub is poised to become a foundational component in the industry's transformation to certified natural gas.
"Seneca has committed to being a leader in the transition to certified natural gas, with 100% of our natural gas production certified under Equitable Origin's EO100TM Standard for Responsible Energy Development and under the MiQ Standard for Methane Emissions Performance with an 'A' certification grade," said Justin Loweth, Seneca President. "Joining the CG Hub is the next natural progression for this exciting evolution. We look forward to rapidly scaling trading activity in our certified natural gas and certified natural gas certificates along with the team at CG Hub."
"As the first company in West Virginia to achieve an 'A' rating under the MiQ standard, we are committed to reducing methane emissions and are serious about the sustainability of our supply chain," said Mark A.T. Williams, Senior Vice President, Business Development, Northeast Natural Energy. "By participating in the CG Hub marketplace, we look forward to playing an important role in fostering an active market in certified natural gas."
"Good will and commitments to sustainability are one thing, but getting true, industry-wide buy-in for certified natural gas also requires market-driven financial incentives to do the right thing," said Georges Tijbosch, MiQ Chief Executive Officer. "CG Hub will play a key part in the commercialization of certified natural gas and we are delighted to see so many future-facing businesses working to drive change in global methane emissions."
Eliminating oil and gas methane emissions is crucial in the fight against climate change. Methane is a much more potent greenhouse gas than carbon dioxide, and it has a much shorter lifespan in the atmosphere. Efforts to reduce methane emissions can most significantly slow climate change in the short term. These agreements demonstrate the participants' intent to reduce methane emissions and to take meaningful action on climate change.
Seneca Resources Company, LLC, is the exploration and production segment of National Fuel Gas Company. Headquartered in Houston, Texas, we explore for, develop and produce natural gas in the Appalachian Region, including the Marcellus and Utica Shales. Visit us at nationalfuel.com
Northeast Natural Energy is a privately owned company founded in 2009 headquartered in Charleston, WV with operations focused exclusively on dry natural gas production in north central West Virginia. NNE's homegrown team of talented professionals are forward thinking and believe hard work and honest and open communications are the keys to success in West Virginia. Visit us at northeastnaturalenergy.com
MiQ is an independent not-for-profit established by RMI (formerly the Rocky Mountain Institute), and global sustainability consultancy SYSTEMIQ to facilitate a rapid reduction in methane emissions from the oil and gas sector.
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 our global customers, including the measurement of specific transactional attributes required to quantify ESG goals.
SOURCE TruMarx Data Partners Inc.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🗑️ The Next Big Thing in Carbon Capture? Trash. ⚡ Hydrogen Hope on the Chopping Block: How ARCHES and Other Blue-State Projects Got Caught in the Crossfire 📊 GEP Expands Carbon D...
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
Ocean Visions Releases Comprehensive Marine Carbon Dioxide Removal Ecosystem Database
WASHINGTON, DC, UNITED STATES, April 2, 2025 /EINPresswire.com/ — Ocean Visions has released a comprehensive database that provides an in-depth repository of the diverse entities in the marine carb...
Deal with Microsoft enables science research at Terradot project site in Brazil SAN FRANCISCO – Terradot, a leader in Enhanced Rock Weathering (ERW) technology, today announced an agreement with M...
Hyaxiom, Inc., Announces Nation's First Multi-megawatt, Multi-story Installation Fuel Cell Project
Charter Oak Combined Heat and Power (CHP) Project in Bridgeport aims to deliver low-emission power, high CHP efficiency, and local energy benefits EAST HARTFORD, Conn., April 2, 2025 /PRNewswire/ ...
SLINGERLANDS, N.Y., April 03, 2025 (GLOBE NEWSWIRE) -- STEF Group, European leader in transport and logistics services for temperature-controlled food products, has recently launched two hydrogen p...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.