SUBSCRIBER NOTE: Platts publishes European gas midpoints, extends assessments to 3 decimal places

Effective July 1 2015, Platts is publishing a single midpoint value for each of its European natural gas assessments in pence/therm, Eur/MWh, Eur/Gj and $/MMBtu. The value reflects Platts closing assessment for each contract, equivalent to the midpoint of the current high-low assessment range.

In addition, Platts will database and publish all European natural gas assessments to three decimal places, also from July 1, 2015, in European Gas Daily, European Power Alert, Natural Gas Alert and Platts Market Data.

Platts seeks to publish the most relevant price data in its daily newsletters and real-time services. Accordingly, Platts now publishes price assessments in its European Gas Daily newsletter and European Power Alert and Natural Gas Alert real-time services that reflect the midpoint values only, and will no longer display the high and low range.

Platts will continue to publish a high-low range around its midpoint assessments for all European gas symbols in Market Data categories EG and GF. Effective July 1, 2015, ranges for all contracts will be standardized as follows:

- Primary assessments in Eur/MWh: +/-5 euro cent for the most liquid continental European hubs. Applicable markets as of May 2015: Dutch TTF

- Primary assessments in Eur/MWh: +/- 10 euro cent. Applicable markets: Austrian VTP, French PEG Nord, French PEG Sud/TRS, German GASPOOL, German NetConnect, Italian PSV

- Primary assessments in p/th: +/- 0.10 p/th. Applicable markets: Belgian Zeebrugge, UK NBP

The fixed ranges applied to the midpoint assessments will be subject to ongoing review. Any changes will be notified by subscriber note and methodology clarification.

Platts continues to invite feedback, comments and questions to power@platts.com with copy to pricegroup@platts.com.