16 Dec 2011 | 09:15 UTC — Washington

Platts to add new Marcellus price posting

Following market consultation, Platts will add to its daily and monthly bidweek North American spot-price surveys a new price location to capture trades of production receipts on Tennessee Gas Pipeline's 300 leg in Tioga, Bradford and Susquehanna counties in Pennsylvania.

The new daily posting, "Tennessee, zone 4-300 leg," will begin effective the January 17 trade date for the January 18 flow date. The new monthly bidweek posting will start effective with the late-January bidweek for February delivery.

The new pricing location will be a delivered-to-Tennessee posting that includes all points of receipt on Tennessee's 300 leg from, and including, station 315 in Tioga County to, and including, station 321 in Susquehanna County.

The new daily posting will appear in the "Appalachia" section of Gas Daily's "Daily price survey" table and the "Northeast" section of Energy Trader's "Daily spot gas prices" table.

The new monthly bidweek posting, also called "Tennessee, zone 4-300 leg," will appear in the "Prices of Spot Gas Delivered to Pipelines" tables in Inside FERC's Gas Market Report, Energy Trader and Gas Daily Price Guide and the "Bidweek Physical Basis Prices Delivered to Pipelines" table in Inside FERC's Gas Market Report and Gas Daily Price Guide.

For questions, please contact Kelley Doolan at kelley_doolan@platts.com or Tom Castleman at tom_castleman@platts.com, with a cc to pricegroup@platts.com.