Platts, part of S&P Global Commodity Insights, has changed the names of its Mont Belvieu NGL assessments to better reflect the names of the specific cavern locations where they are traded, effective June 1, 2022.
The changes come as Energy Transfer renamed its Lone Star (LST) entities to Energy Transfer as of Nov. 1, 2021. The location was previously owned by Louis Dreyfus Holding (LDH) and Texas Eastern Transmission (TET).
The name changes impact all daily and monthly cavern NGL assessments in Mont Belvieu, Texas, along with the relevant hubs for related eWindow instruments.
Platts first proposed this change in a subscriber note published Feb. 18, 2022: https://www.spglobal.com/commodity-insights/en/our-methodology/subscriber-notes/021822-platts-proposes-to-rename-mont-belvieu-ngl-assessments.
The symbols and methodology remain unchanged and the assessments continue to reflect the same caverns where the products are traded.
For example, the assessments previously described as non-LST and non-Targa continue to reflect barrels trading at the Enterprise NGL storage and fractionation facility in Mont Belvieu, while the assessments previously described as LST continue to reflect barrels at the Energy Transfer facility formerly known as Lone Star.
These assessments are published in Platts US Marketscan, LPGasWire, Latin America Wire and Oilgram Price Report; on Platts Global Alert and Platts Refined Products Alert pages 780 and 781, as well as on the Platts price database under the codes above.
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