Platts to launch US Atlantic Coast-based Colonial Pipeline Line 3 Space assessments for distillates, gasoline

Platts, part of S&P Global Energy, will launch US Atlantic Coast-based Colonial Pipeline Line 3 Space assessments from June 1, which will coincide with the Cycle timing of the prompt Colonial Pipeline 62-grade ULSD assessment and the prompt Colonial Pipeline A-grade gasoline assessment coming off Colonial's Line 3 multiproduct pipeline at Greensboro, North Carolina.

The two new Line 3 Space assessments are additions to existing US Gulf Coast-based Line 3 Space assessments, which coincide with the timing of the prompt Colonial Pipeline 62-grade ULSD assessment and the prompt Colonial Pipeline A-grade gasoline assessment for loading on Colonial's Line 2 and Line 1 pipelines, respectively, at Pasadena, Texas.

Feedback from market participants has indicated support for the additional Line 3 Space assessments to benefit USAC-focused market participants and to avoid disrupting existing Line 3 USGC-based assessments, which are often combined with Line 1 and Line 2 Space assessments.

Colonial Pipeline ships around 2.5 million b/d of refined products from Pasadena, Texas, to Linden, New Jersey. Gasoline-only Line 1 and distillates-only Line 2 funnel into multiproduct Line 3 at Greensboro, North Carolina, before delivering product to the East Coast. Colonial scheduling is based on 72 cycles per year or six cycles per month.

Line Space is a secondary market for the right to ship on Colonial's system and can be traded as a positive or negative value.

Platts' current assessments for Colonial Pipeline Line Space will be updated to include "USGC" to distinguish that the timing basis is different from the proposed USAC-based assessments.

Platts' current assessments for Colonial Pipeline Line Space include:

The assessments would appear on the PGA and PRF pages 156, 330, 331, 430, and 431, as well as in US Marketscan, Oilgram Price Report, and on Platts Core.

Please send all feedback and comments to americas_products@spglobal.com and pricegroup@spglobal.com. 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.