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5001777 Victoria Avenue Regina, SK S4P 4K5 TO:All Transits Customers September 13, 2019, TRANSGAS LIMITED BINDING OPEN SEASON FOR OCTOBER 2019 SHORT TERM FIRM EXPORT SERVICE OFFERING OPEN SEASON CLOSES
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How to fill out binding open season for

01
Determine the purpose of the open season. Is it for a new project, expansion, or to renew existing contracts?
02
Identify the timeline for the open season. Determine the start and end dates of the open season period.
03
Prepare the necessary documents and materials for the open season. This may include terms and conditions, contract templates, pricing information, and any other relevant documents.
04
Promote the open season to potential participants. Use various communication channels such as email, website announcements, industry publications, and social media to reach out to interested parties.
05
Collect and evaluate binding offers from interested participants. Ensure that all offers adhere to the specified terms and conditions.
06
Review and select the most suitable offers based on predetermined criteria. This may involve consideration of pricing, volume commitments, duration, and other relevant factors.
07
Negotiate and finalize contracts with the selected participants. Ensure that all contractual agreements are legally sound and properly documented.
08
Communicate the results of the open season to all participants. Provide feedback and updates on the outcome of the process.
09
Monitor and enforce the contracts throughout the agreed-upon term.
10
Review the success and lessons learned from the open season process, and make improvements as necessary for future open seasons.

Who needs binding open season for?

01
Energy companies or utilities looking to secure long-term supply or transportation contracts.
02
Natural gas or oil producers looking to market their products to potential buyers.
03
Pipeline operators looking to allocate pipeline capacity to different shippers.
04
Regulatory bodies overseeing the energy or transportation industry, to ensure fair and competitive practices.
05
Investors or financiers who want to understand the potential demand and revenue for a given project or venture.
06
Government agencies involved in energy or transportation planning and policy-making.
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Binding open season is a process used by pipeline companies to solicit commitments from shippers for transportation services on their pipelines.
Pipeline companies are required to file binding open season to comply with regulations and to secure commitments from shippers for their pipeline services.
To fill out binding open season, pipeline companies must provide detailed information about the proposed transportation services, including rates, capacity, and terms and conditions.
The purpose of binding open season is to determine the level of interest from shippers in using the pipeline services and to secure commitments from shippers to support the project.
Information such as rates, capacity, terms and conditions, and the timeline for the project must be reported on binding open season.
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