Moving Gas at the Hub
How does IHT inside the Hub work?
Once you receive your IHT number from Sabine Hub Services, you're ready to start trading with all the other counterparties at the Hub. Your six-digit IHT number is your unique identifier. After you trade (buy/sell) natural gas at the Hub, your scheduler will submit a nomination to Sabine Hub Services via e-mail or by using the Online Nominations screen on this web site.
Your nomination will detail all of your IHT purchases (upstream) transactions as well as your IHT sales (downstream) transactions. Each line item on the nomination will have an IHT counterparty number and a volume in Decatherms per day. The total of your upstream transactions will equal the total of your downstream transactions. NOTE: All counterparties must balance their IHT (upstream = downstream) each day.
How does physical gas move into or out of my company's IHT Account?
Let's assume you want to move physical gas into the Hub to your IHT account. No problem. Any physical gas entering the Hub to your IHT account must enter the hub via a pipeline transportation agreement. On your IHT nomination, the upstream transaction capturing this transportation of physical gas will detail the pipeline transportation agreement number as well as the volume.
Let's assume you want to move physical gas from your IHT account to a pipeline interconnect (i.e., Columbia Gulf, Koch). No problem. Any physical gas exiting your IHT account is "IHT-ed" to the downstream pipeline. On your IHT nomination, the downstream transaction capturing this transportation of physical gas will detail the name of the downstream pipeline point, the pipeline transportation agreement number which will pick up the gas, and the volume.