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20 Mar 2013 | 09:58 UTC — New York
Platts proposes to restructure and extend M2M Gas product. The restructured product will be known as M2MS Gas.
M2MS Gas will divide the 79 gas hubs covered by M2M Gas into five regional packages (Gulf Coast, Mid Continent, Northeast, Rockies and West and Upper Midwest).
A 6th package will also be available (identified as M2MS Gas PFC+), packaging all the 28 gas hubs covered by Platts-ICE Forward Curve Gas (these hubs are also included in the 5 regional packages).
M2MS Gas will:
- Extend the existing 36-month forward curves to 120-month forward curves for each of the 79 hubs ? published daily;
- Continue to publish 240-month (20 year) forward curves at month end;
- Continue to publish Balance-of-month (BalMo) assessments;
- Discontinue publication of spot prices (Spot data will continue to be published in Gas Daily;
- Add historical volatility curves for all 79 hubs ? 120-months published daily and 240-months published monthly.
M2MS Gas will commence publication on June 3rd, 2013.
If you have any comments or questions regarding this announcement, please contact your local Platts Customer Care representative, or email support@platts.com and copy pl_DataQA@platts.com by May 1, 2013.