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S&P Global Platts acquires Canadian Enerdata

S&P Global Platts Inc., a division of S&P Global Inc., has acquired Canadian Enerdata Ltd. in an effort to enhance its services to the North American natural gas sector.

Enerdata provides benchmark prices, analysis and news on the Canadian natural gas market. Its main product is the Canadian Gas Price Reporter (CGPR), which acts as the settlement publication for many Canadian monthly and daily physical, financial and basis natural gas contracts.

It is the exclusive publisher of ICE NGX natural gas indexes, including the AB-NIT ("AECO") hub in Alberta, Canada, which is among the most liquid trading hubs for natural gas in North America.