TOTEC Solutions offers Hummingbird, a digital marketplace that lets natural gas producers in Alberta sell or reallocate firm‑contracted transportation capacity they aren’t using.
Funding
Funding not disclosed
Founders
Product
Problem
Natural gas producers in Alberta often hold firm‑contracted pipeline capacity that they do not fully utilize, leading to unnecessary costs and missed revenue opportunities. Without a transparent secondary market, excess capacity remains idle while other shippers face higher transportation expenses or curtailment risk.
Solution
Totec Solutions operates Hummingbird, a digital marketplace that enables producers to list unused firm transport contracts and allows shippers to acquire capacity on a temporary or permanent basis. The platform uses real‑time data and a double‑blind, many‑to‑one negotiation engine to match multiple buyers with sellers anonymously, ensuring fair pricing and efficient allocation. By centralizing offers and requests, Hummingbird increases liquidity in the secondary market, helping sellers monetize excess contracts and buyers reduce transportation costs. The marketplace also provides tools for tracking and optimizing pipeline usage, delivering system‑wide efficiency gains for Alberta’s natural gas network.
Target Audience
Primary users are natural gas producers and shippers operating within Alberta’s NGTL pipeline system who need to manage firm transport contracts and optimize pipeline capacity.
Features
- Real‑time posting and browsing of firm receipt (FT‑R) and delivery (FT‑D) contracts
- Double‑blind, many‑to‑one negotiation technology that matches multiple parties while preserving anonymity
- Centralized secondary market dashboard for monitoring contract availability and pricing trends
- Integrated outage and capacity optimization tools for proactive management of transport assets
- Customer‑agnostic design developed with input from multiple market participants
- Freemium access model with no subscription fees, enabling unlimited participation