The ETEX internet based platform is designed for companies with firm transport requirements, to optimize their transport position within a liquid, transparent and confidential trading environment.

After a transaction occurs on the platform, ETEX customers will work with the underlying pipeline service provider and follow their transport assignment process.  Assignment procedures will vary based on pipeline involved in the transaction.

NOVA GAS TRANSMISSION (NGTL)

Transactions completed on the ETEX platform are contractually binding, subject to both NGTL and ETEX user agreements and credit policies and are enforced as outlined in each companies user agreement- separate and independent of each other.  All participants, including authorized agents, who enter into a transaction or post bids and offers on the ETEX platform must have the required NGTL transportation contracts and authorizations.  All transactions will be settled physically through the NGTL assignment process. ETEX is not working in collaboration with NGTL nor is there any agreement – outside the standard NGTL user agreement – between ETEX and NGTL.  ETEX does not enforce NGTL policies and NGTL does not enforce ETEX policies. 

In order to maintain anonymity, ETEX will be the counter party to each buyer and seller for every transaction 3 months or less.  Each transaction will result in 3 assignments with NGTL listed as follows: