Natural Gas Marketer Opens Boston Office Staffed with Industry Veterans to Further Meet Evolving Market, Customer Needs
BOSTON – Leading natural gas marketer Tenaska Marketing Ventures (TMV) has established a new regional office in Boston, expanding its physical footprint in the northeastern United States.
“Since its inception, Tenaska Marketing Ventures has extended its expertise across North America to efficiently meet the changing needs of our customers. We see tremendous opportunities for customers as the Northeast energy market continues to evolve,” said TMV President Fred Hunzeker.
He pointed to the changes in the natural gas industry resulting from the development of the Marcellus and Utica shale plays, increased demand driven in part by coal plant retirements and a desire for cleaner sources of power generation, and pipeline expansions to handle locational shifts in supply and demand.
“The natural gas industry is experiencing unprecedented growth, and TMV prides itself on being a trusted advisor as customers navigate these changes across the supply chain,” Hunzeker said. “We have assembled a highly skilled Northeast presence, joining TMV’s more than 140 experienced professionals.”
The new Boston marketing office is intended to more fully serve new and existing customers and grow the company’s physical presence in the Northeast. The Boston staff will work in conjunction with the trading and scheduling teams located at TMV headquarters in Omaha, Nebraska.
TMV selected its Boston team based on deep industry knowledge and strong relationships in Northeast markets. The office will be led by Senior Director of Origination Tom Lockett, who has held marketing leadership positions with BP Energy and GDF Suez. His experience includes natural gas and liquefied natural gas (LNG) project origination and sales, particularly focused on the northeastern United States.
Joining him are managers of origination Greig Whitney and Gary Ritter. Whitney’s background in the energy industry, particularly in natural gas and LNG, includes both retail and wholesale natural gas companies. Ritter has worked in natural gas and LNG trading and origination. Combined, the team has 60 years of experience in the industry.
“Given the significant changes in the Northeast resulting from pipeline development, LNG imports and power generation, TMV – with its deep customer focus and nimble approach to market challenges and optimization – is extremely well positioned to be an integral player in the Northeast,” Lockett said.
The Boston location complements TMV’s existing offices in Omaha, Dallas, Denver and Calgary and Vancouver in Canada.
TMV’s strength is in its physical business model and ability to deliver solutions across the physical supply chain, offering customers stable and flexible energy capacity and delivery; fast, accurate financial services; and risk management, transportation and storage solutions.
TMV has been ranked among the top 10 natural gas marketers in North America since 2003 by Platts Gas Daily. In 2014, the company sold or managed 2.5 trillion cubic feet of natural gas, equal to 9.4 percent of total U.S. natural gas consumption. TMV came in first in natural gas pipeline capacity release trading for the sixth year in a row, according to CapacityCenter.com, which tracks natural gas pipeline capacity and operational information.
TMV is an affiliate of Tenaska, one of the largest private energy companies in the United States. TMV’s credit facility with up to $1.5 billion of borrowing capacity, combined with Tenaska’s strong balance sheet, offers TMV customers the liquidity and financial stability they need to meet their energy needs in all market conditions.
About Tenaska Marketing Ventures
Tenaska Marketing Ventures (TMV) is an affiliate of Omaha, Nebraska-based energy company Tenaska, one of the leading independent power producers in the United States. Forbes magazine ranks Tenaska among the largest privately held U.S. companies. TMV offers tailored solutions to meet wholesale customers’ needs for natural gas buying and selling, price hedging, asset management and supply and demand swing management. In addition to being ranked as one of the top 10 natural gas marketers in North America by Platts Gas Daily, TMV is No. 1 in the nation in natural gas pipeline capacity release trading. TMV also has been rated in the top five for value and loyalty since 2007 by customers responding to a Mastio & Company survey. To learn more about Tenaska or TMV, visit www.tenaska.com.
Media Contacts:
Timberly Ross
Office: 402-691-9517
Mobile: 402-669-4073
tross@tenaska.com