What does the term IHT (Intra-Hub TransfersSM) mean?
IHT is a service mark created by Sabine Hub Services. It is a non-jurisdictional accounting service used to track multiple title transfers of natural gas packages at a market center. The IHT service facilitates the liquidity of natural gas transfers by insuring that each party in a transfer agrees to the amount and timing of the transfer. If there is a discrepancy, Sabine Hub Services will work with the parties to resolve the problem.
How does IHT inside the Hub work?
Once you receive your Sabine Hub contract number from Sabine Hub Services, you’re ready to start trading with all the other counterparties at the Hub. Your six-digit Sabine Hub Contract 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 by using the Online Nominations screen on this web site. Your nomination will detail all of your Sabine Hub purchases (upstream) transactions as well as your sales (downstream) transactions. Each line item on the nomination will have an Sabine Hub 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. Any physical gas entering the Hub to your IHT account must enter the hub via a Sabine pipeline transportation agreement. On your IHT nomination, the upstream transaction capturing this transportation of physical gas will detail the Sabine 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, NGPL). 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.
What does my company do to get started?
To apply for IHT (Intra-Hub Transfers) Service you’re in the right place. Our web site contains two forms which need to be filled out. You can navigate there by clicking the Forms tab (right next to the FAQs tab) and then clicking the blue Request button, or you can click this link directly: REQUEST. Then click on the first link to download the Request For Agreement form. You should save this form to a different location on your computer (i.e., c: drive). Then click on the second link to download the Credit Application form. You should save this form to a different location on your computer (i.e., c: drive) as well. After you complete both forms, please e-mail them to: email@example.com. After your credit application is reviewed and approved, we’ll call you and give you a six-digit IHT number. This unique number identifies your company as you trade gas with other companies doing business at the Hub. Shortly thereafter, you’ll receive documents (for your signature).
What is the rate for the IHT service?
$.002/DTH (two-tenths of a cent per Decatherm) on each side of a title transfer. There are two exceptions where we offer discounts: 1. The IHT fee is not charged when an IHT account holder moves physical gas into his IHT account via his own pipeline transportation agreement. 2. The IHT fee is not charged when an IHT account holder moves physical gas out of his IHT account into his own transportation agreement on the designated downstream pipeline (i.e., Texas Gas, Columbia Gulf) In the above cases the IHT charge will appear on your invoice offset by a discount of the same amount. In essence, we offer these discounts because you are moving gas through your own account and no real title transfer takes place.
What are your daily deadlines?
Nominations for the timely cycle are due by 1:00 pm on the day prior to flow. We do accept intraday nominations in accordance with the NAESB deadlines.
What about weekends or holidays?
Nominations for weekends and holidays should normally be made on the preceding business day. Friday nominations are assumed to flow throughout the weekend unless you tell us differently.
When are payments due?
We normally e-mail invoices to you on the 1st or 2nd business day of the month. Payments are due by the 20th of the month.