29 Jun 2011 | 02:48 UTC — Washington

Platts to add three North American gas points August 1

Following feedback from market participants, Platts will begin publishing natural gas spot prices August 1 for two new monthly locations -- Emerson, Viking GL and Leidy Hub -- and one new daily location -- White River Hub.

Platts also will discontinue publishing assessments effective January 1, 2012, at three other North American locations where spot trading is no longer active, and it will not act at this time on a proposed assessment for Tennessee Gas Pipeline's 300-leg in zone 4 while it monitors how the market adjusts to changes to the pipeline's pooling structure and to capacity expansions in the region.

Additions:

White River Hub

Platts will add a daily assessment to reflect trading at the White River Hub in Rio Blanco County, Colorado. White River Hub is a joint-venture header system owned by Questar Pipeline Co. and Enterprise Products Partners LP designed to provide access to downstream markets for gas produced in northwest Colorado's Piceance Basin. The hub has interconnects with Questar Pipeline Co., Wyoming Interstate Co., Colorado Interstate Gas Co., Rockies Express Pipeline, Northwest Pipeline GP, TransColorado Gas Transmission Co. and Enterprise Products' Meeker processing plant.

The point's description will be: "Deliveries to or from pools or interconnects that make up the White River Hub in Rio Blanco County, Colorado."

The daily "White River Hub" assessment will appear in the "Rockies" section of Gas Daily's "Daily price survey" table and the "Rockies/Northwest" section of Energy Trader's "Daily spot gas prices" table. Platts is not adding a monthly bidweek assessment for White River Hub at this time because of insufficient trading activity in the monthly market, but will continue to collect bidweek trade data and monitor activity there.

Leidy Hub

Platts will add a Leidy Hub assessment in its monthly bidweek survey. The bidweek location will be identical to the location Platts publishes for the daily market. Platts' description for the Leidy Hub is "Deliveries into and from Dominion Transmission, National Fuel Gas Supply, Columbia Gas Transmission, Texas Eastern Transmission and Transcontinental Gas Pipe Line in the vicinity of the Leidy storage facility in Clinton County, Pa."

The monthly bidweek assessment will appear in the "Northeast" section of the "Market Center Spot Gas Prices" tables in Inside FERC's Gas Market Report, Energy Trader and Gas Daily Price Guide and the "Market Center Bidweek Physical Basis Prices" table in Inside FERC's Gas Market Report and Gas Daily Price Guide.

Emerson, Viking GL

Platts will add an Emerson, Viking GL assessment in its monthly bidweek survey. The bidweek location will be identical to the location Platts publishes for the daily market. Platts' existing description for Emerson is "Deliveries into Great Lakes Gas Transmission from TransCanada PipeLines at the Emerson 2 compressor station at the US/Canadian border at Emerson, Manitoba, and deliveries into Viking Gas Transmission from TransCanada at the Emerson 1 station." Effective August 1, the description will change "Emerson 2 compressor station" to "Emerson 2 meter station."

The monthly bidweek assessment will appear in the "Upper Midwest" section of the "Market Center Spot Gas Prices" tables in Inside FERC's Gas Market Report, Energy Trader and Gas Daily Price Guide and the "Market Center Bidweek Physical Basis Prices" table in Inside FERC's Gas Market Report and Gas Daily Price Guide.

Discontinuations:

Effective January 1, 2012, Platts will discontinue assessments for three locations that no longer trade actively.

Stingray Pool

In the daily survey, Platts will discontinue its assessment for the Stingray Pool, which appears in the "Louisiana-Onshore South" section of Gas Daily's "Daily price survey" table and the "Gulf Coast" section of Energy Trader's "Daily spot gas prices" table. Platts has never published a monthly Stingray assessment.

Stanfield, Ore.

In the monthly bidweek survey, Platts will discontinue its assessment for Stanfield, Ore., which appears in the "Rockies/Northwest" section of the "Market Center Spot Gas Prices" tables in Inside FERC's Gas Market Report, Energy Trader and Gas Daily Price Guide. The Stanfield assessment will continue to be published in the daily survey.

NGPL, La.

In both the daily and monthly bidweek surveys, Platts will discontinue its Natural Gas Pipeline Co. of America, Louisiana, assessments. The daily "NGPL, La." assessment appears in the "Louisiana-Onshore South" section of Gas Daily's "Daily price survey" table and the "Gulf Coast" section of Energy Trader's "Daily spot gas prices" table.

The monthly bidweek assessment appears in the "Prices of Spot Gas Delivered to Pipelines" tables in Inside FERC's Gas Market Report and Energy Trader and the "Bidweek Physical Basis Prices Delivered to Pipelines" table in Inside FERC's Gas Market Report.