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Natural Gas
October 25, 2024
Platts, part of S&P Global Commodity Insights, has modified 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 has resulted 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 are as follows:
Previous | 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 has modified 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 are as follows:
Previous | 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 are effective for trades done during November bidweek for gas to be delivered starting Nov. 1, 2024. The changes impacting the daily Northwest, Wyoming Pool index are effective for next-day trades done on Oct. 31, 2024, for delivery Nov. 1, 2024.
The launch follows a decision subscriber note which can be found here https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/100324-platts-to-modify-two-northwest-pipeline-natural-gas-index-methodologies .
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