Platts to change Algonquin receipts natural gas daily index methodology

Platts, part of S&P Global Commodity Insights, will remove the Beverly-Salem, Brookfield, and Mendon interconnects from its Algonquin, receipts daily natural gas index, effective trade date Dec. 29 and flow date Jan. 1.

Platts has observed that trades done at Beverly-Salem have transacted at a premium to other locations in the Algonquin, receipts index (flow date symbol IGBDK21) since the beginning of 2023.

Additionally, Platts has not received reported trades at Brookfield in 2023 or at Mendon since 2018.

The new methodology will be as follows:

Algonquin, receipts (daily market only)

Deliveries into Algonquin Gas Transmission starting at the Lambertville, NJ, interconnect with Texas Eastern Transmission easterly to the Ramapo, NY, interconnect with Columbia Gas Transmission. Deliveries into Algonquin Gas Transmission east of Ramapo, NY, are not included.

This decision follows two feedback periods, which the modified proposal subscriber note published Nov. 9 can be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/101323-platts-proposes-to-remove-trades-at-beverly-salem-from-algonquin-receipts-index. The original proposal note published Oct. 13 can be found here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/101323-platts-proposes-to-remove-trades-at-beverly-salem-from-algonquin-receipts-index.

Platts will consider all comments received and will make comments not marked as confidential available upon request.

Please send any comments to AmericasGasPricing@spglobal.com and pricegroup@spglobal.com.