Natural Gas

October 03, 2024

Platts to modify two Northwest Pipeline natural gas index methodologies

Platts, part of S&P Global Commodity Insights, will modify the methodology of the Northwest, Rocky Mountains monthly index (IGBCP03) to include all transactions done at the Kern River Gas Transmission receipt pool (KRGT-Rec Pool).

The change will result in all KRGT-Rec Pool trades being included in the Northwest, Rocky Mountains monthly index regardless of which delivery location is specified, ensuring that trades are not included or excluded based solely on how the trades are reported to Platts.

The changes to the methodology for the Northwest, Rocky Mountains monthly index will be as follows:

Existing New

Northwest, Rocky Mountains (monthly market)

Deliveries into Northwest Pipelines mainline in Wyoming, Utah and Colorado between the Kemmerer and Moab stations. Deliveries at Ignacio, Colorado, and elsewhere in zone MO are excluded. Transactions done at Opal, Wyoming, Pioneer Plant and the Muddy Creek compressor station, where Northwest interconnects with Kern River Gas Transmission, MountainWest Pipeline and Colorado Interstate Gas, are used in both the Kern River, Wyoming, and Northwest Pipeline, Rocky Mountain, monthly postings because gas traded at those points often is not for nomination into a specific pipeline.

Northwest, Rocky Mountains (monthly market only)

Deliveries into Northwest Pipelines mainline in Wyoming, Utah and Colorado between the Kemmerer and Moab stations, and transactions at the Kern River Gas Transmission receipt pool (KRGT-Rec Pool). Deliveries at Ignacio, Colorado, and elsewhere in zone MO are excluded.

Additionally, Platts will modify the Northwest, Wyoming Pool daily (IGBDA00) and monthly (IGBDA03) index methodology to no longer include trades reported at Muddy Creek or at the KRGT-Rec Pool.

The changes to the methodology for the Northwest, Wyoming Pool daily and monthly indexes will be as follows:

Existing New

Northwest, Wyoming pool (daily and monthly market)

Deliveries into Northwest Pipeline from the Green River, Wyoming compressor station to the Kemmerer, Wyoming station. Included are deliveries at the Opal Plant as well as at the Painter, Anschutz, Muddy Creek, Granger, Shute Creek, Pioneer Plant and Whitney stations.

Northwest, Wyoming pool (daily and monthly market)

Deliveries into Northwest Pipeline from the Green River, Wyoming compressor station to the Kemmerer, Wyoming station. Included are deliveries at the Opal Plant as well as at the Painter, Anschutz, Granger, Shute Creek, Pioneer Plant and Whitney stations. Trades done at the Kern River Gas Transmission receipt pool are not included.

The changes impacting the Northwest, Rocky Mountains and Northwest, Wyoming Pool monthly indexes will apply to trades done during November bidweek for gas to be delivered starting Nov. 1, 2024. The changes impacting the daily Northwest, Wyoming Pool index will apply to next-day trades done on Oct. 31, 2024, for delivery Nov. 1, 2024.

The decision follows a proposal period in which Platts has gathered feedback from market participants.

The proposal subscriber note can be found here.

Please write to AmericasGasPricing@spglobal.com and pricegroup@spglobal.com with feedback indicating whether the feedback should be kept private and confidential. Feedback not marked as such may be made available for public viewing upon request.