SUBSCRIBER NOTE: eConfirm For Price Reporting

Platts proposes use of ICE eConfirm platform as an additional method of price reporting North American Natural Gas transactions

On November 21, 2016 Platts announced an agreement with Intercontinental Exchange to improve Natural Gas price transparency and bolster North America price benchmarks. To that end, Platts is proposing an additional method of reporting physical transaction data. It would not take effect until the end of the transition period of the Platts - ICE agreement, which at this time is expected to last until the end of Q1, 2017.

Price reporters, who currently email physical natural gas trades to Platts, would have the option of instead reporting transactions to Platts via the ICE eConfirm platform. The use of eConfirm represents a more timely and efficient means of reporting trade data. Price reporters who choose to submit data via eConfirm would no longer be required to email a spreadsheet of transactions. Regardless of what method price reporters choose, Platts will communicate future requirements to price reporters during the transition period.

Please send any comments to the proposals above to gas_survey_comments@platts.com and pricemethodology@spglobal.com by January 13, 2017. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.