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What does AECO stand for natural gas?

What does AECO stand for natural gas?

AECO stands for Alberta Energy Company, and is the Canadian benchmark price for natural gas.

What is AECO NIT?

AECO NIT means a Nova Inventory Transfer on the TransCanada Alberta System.

What is the AECO gas hub?

The AECO Hub gas storage facility in southern Alberta is one of the largest natural gas hubs in North America, with its substantial production and storage capability and extensive network of export pipelines.

How is natural gas sold on the stock market?

The natural gas market in the United States is split between the financial (futures) market, based on the NYMEX futures contract, and the physical market, the price paid for actual deliveries of natural gas and individual delivery points around the United States.

What is AECO gas price?

Selected Oil And Gas Prices

Close Last Trade Day
AECO/NGX Near-Month: November, 2021 $4.91 CAD/GJ
NYMEX Today @ 10:00 AM MST
WTI December, 2021 Contract $82.95 USD/BBL
Near-Month Gas Contract $5.20 USD/MMBTU

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).

Where is AECO hub?

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.

Who controls natural gas prices?

Natural gas prices are mainly a function of market supply and demand. Because there are limited short-term alternatives to natural gas as a fuel for heating and electricity generation during periods of high demand, changes in supply or demand over a short period may result in large price changes.

What does AECO stand for Alberta?

AECO. Alberta Energy Company (Canada)

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.