Natural Gas

October 31, 2024

Platts modifies Kern River/Opal plant daily natural gas index methodology

Platts, part of S&P Global Commodity Insights, has modified the methodology of the Kern River/Opal plant daily natural gas index(IGBCL00) to include all transactions done at the Kern River Gas Transmission receipt pool (KRGT-Rec Pool) in the index.

The changes have resulted in all KRGT-Rec Pool trades being included in the Kern River/Opal plant daily index regardless of which delivery location is specified, ensuring that trades are neither included nor excluded based solely on how the trades are reported to Platts.

The changes to the methodology for the Kern River/Opal plant daily index are as follows:

Previous New
Kern River/Opal plant (daily market) Deliveries into Kern River Gas Transmission at the Opal, Wyoming processing plant, Pioneer Plant and the Muddy Creek compressor station in southwestern Wyoming where Kern River interconnects with Northwest Pipeline, MountainWest Pipeline and Colorado Interstate Gas. Gas traded at the Opal Plant or Pioneer Plant that is not nominated into a specific pipeline is included in the daily Kern River-Opal Plant pricing point. Kern River/Opal plant (daily market only) Deliveries into Kern River Gas Transmission in Fuel Zones 1-4 only. Trades at the Opal Plant, Pioneer Plant, Muddy Creek compressor station, and the KRGT-Rec Pool are included, unless the location is outside of Fuel Zones 1-4.

The changes to the daily index are effective for next-day trading 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-kern-riveropal-plant-daily-natural-gas-index-methodology

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