Trading places

Canada’s energy landscape is being reshaped. The NGX has changed handsand looks set to expand. Meanwhile, an Ontario government report warns more workneeds to be done to secure future power supplies. By Paul Lyon

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The Calgary-based Natural Gas Exchange (NGX) has been something of a successstory in recent years. Trading figures for 2002 were up 41% on 2001 figures,and figures for 2003 were a further 44% up on 2002. The roots of the exchangedate back to 1993, when Canadian pipeline giant Westcoast Energy authorised thefunding to develop a natural gas trading platform.

By 2000, NGX had become a substantial exchange in the Canadian gas and electricitymarkets, and to support the increased need for exchange

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