Platts M2M-Gas is a transparent, objective tool that provides you with market-based, 36-month natural gas forwards and 20-year forward curve benchmarks at 79 key trading hubs in North America. Platts’ independent and objective price valuations provide the definitive mark-to-market, portfolio risk management, and strategic decision support needed to make confident decisions.
Benefits
Platts M2M-Gas is a dependable source of natural gas price benchmark information that enables clear, informed valuations and better investment and trading decisions. This important resource allows you to underscore your commitment to efficient risk practices by providing the checks and balances of an independently provided, third party benchmark.
- Risk management professionals can use independent and methodologically-transparent natural gas daily forward price updates and historical datasets for key portfolio risk management functions around risk disaggregation and decomposition, stress testing, and scenario building.
- Corporate finance can use longer-term gas market price-related valuations for strategic asset optimization, mergers and acquisitions, and infrastructure investment decisions.
- Risk management professionals can validate internally-generated forward curves, as well as use the information to calculate value-at-risk (VaR) earnings as risk (EaR), cash flow a risk (CFaR), or other daily risk management measurement and reporting functions.
- Middle and back offices can mark-to-market with confidence. They can model prices, calculate the current value of derivative instruments, forecast trends, and better evaluate physical and financial assets.
- Legal departments can resolve legal or contractual disputes through the provision of standardized and industry-adopted independent valuations.
Features
Platts M2M–Gas offers two different types of products, including:
- Daily North American gas 36-month forward curve assessments that are based on direct market activity and improved by Platts’ proprietary models wherever there is insufficient market activity.
- Monthly 20-year forward curves for the North American Natural Gas market that are based on the most current regional forward assessments.
Platts M2M-Gas is the industry's most complete natural gas market-based forwards solution for long-term energy contract valuation.
North American Gas 36-Month Forwards*
Platts M2M-Gas provides market-based, 36-month gas forwards using Platts’ proprietary models wherever market activity is limited.
North American Gas 20-Year Forwards**
Platts also provides regional price assessments for natural gas that extend out 20 years.
*Delivered daily
** Delivered monthly
Hub Coverage
| Region | Hub Name | Hub Code | Curve Type |
| Central |
| Gulf Coast | Ague Dulce | NAD | Proxy |
| Gulf Coast | ANR LA | NAL | Proxy |
| Gulf Coast | Col Gulf LA | NCL | Assessed |
| Gulf Coast | Columbia Gulf, Mainline | NCL | Assessed |
| Gulf Coast | FL Gas Zn1 | NF1 | Proxy |
| Gulf Coast | FL Gas Zn2 | NF2 | Proxy |
| Gulf Coast | FL Gas Zn3 | NF3 | Assessed |
| Gulf Coast | Henry Hub | NHH | Assessed |
| Gulf Coast | Houston ShipChl | NHS | Assessed |
| Gulf Coast | Katy | NKT | Proxy |
| Gulf Coast | Lone Star | NLS | Proxy |
| Gulf Coast | NGPL LA | NGL | Assessed |
| Gulf Coast | NGPL S TX | NGT | Proxy |
| Gulf Coast | NGPL TX-OK Zn | NGO | Assessed |
| Gulf Coast | SoNat LA | NSL | Proxy |
| Gulf Coast | Tenn 100 Leg | NEE | Proxy |
| Gulf Coast | Tenn LA 500 Leg | NT5 | Assessed |
| Gulf Coast | Tenn LA 800 Leg | NT8 | Proxy |
| Gulf Coast | Tenn Zn0 | NT0 | Assessed |
| Gulf Coast | Texas Gas Zn 1 | NG1 | Proxy |
| Gulf Coast | Texas Gas Zn SL | NGS | Assessed |
| Gulf Coast | Transco Zn1 | NT1 | Proxy |
| Gulf Coast | Transco Zn2 | NT2 | Proxy |
| Gulf Coast | Transco Zn3 | NTC | Assessed |
| Gulf Coast | Transco Zn4 | NT4 | Proxy |
| Gulf Coast | Trunkline E LA | NTR | Assessed |
| Gulf Coast | TX Eastern E LA | NTL | Assessed |
| Gulf Coast | TX Eastern E TX | NTT | Proxy |
| Gulf Coast | TX Eastern S TX | NTS | Assessed |
| Gulf Coast | TX Eastern W LA | NTW | Proxy |
| Mid-Continent | ANR OK | NAO | Assessed |
| Mid-Continent | CenterPoint E | NRE | Assessed |
| Mid-Continent | CenterPoint W | NRW | Proxy |
| Mid-Continent | NGPL Midcont | NGM | Assessed |
| Mid-Continent | Nrthrn NG Demarc | NND | Assessed |
| Mid-Continent | Nrthrn TxOkKs | NNT | Proxy |
| Mid-Continent | Nrthrn Ventura | NNV | Assessed |
| Mid-Continent | Oneok OK | NON | Proxy |
| Mid-Continent | Panhandle TX-OK | NPT | Assessed |
| Mid-Continent | Sth Star TxOkKs | NWT | Proxy |
| Upper Mid-West | ANR ML 7 | NAM | Proxy |
| Upper Mid-West | Chicago CG | NCG | Assessed |
| Upper Mid-West | Cons Energy CG | NCE | Assessed |
| Upper Mid-West | Dawn | NDO | Assessed |
| Upper Mid-West | Emerson | NVE | Proxy |
| Upper Mid-West | Mich Con CG | NMG | Assessed |
| East |
| Northeast | Algonquin CG | NAG | Assessed |
| Northeast | Col Gas Appal | NCA | Assessed |
| Northeast | Dominion S Pt | NDS | Assessed |
| Northeast | Dracut MA | NDR | Proxy |
| Northeast | Empress | NEM | Proxy |
| Northeast | Florida City Gates | NFC | Proxy |
| Northeast | Iroquois Recpts | NIR | Proxy |
| Northeast | Iroquois Zn2 | NIQ | Proxy |
| Northeast | Lebanon-Ohio | NLB | Proxy |
| Northeast | Leidy | NLE | Proxy |
| Northeast | Niagra | NGR | Proxy |
| Northeast | Tenn Zn6 Dlvd | NTZ | Proxy |
| Northeast | Tetco, M1 | NTM | Proxy |
| Northeast | Transco Zn5 Dlv | NZ5 | Proxy |
| Northeast | Transco Zn6 NY | NTN | Assessed |
| Northeast | Transco Zn6 xNY | NT6 | Proxy |
| Northeast | TX Eastern M-3 | NTE | Assessed |
| West |
| California | PG&E CG | NPG | Assessed |
| California | PG&E Malin | NMA | Assessed |
| California | PG&E South | NPS | Proxy |
| California | Socal Ehrenberg | NSE | Proxy |
| California | SoCal Gas | NSC | Assessed |
| Rockies/NW/Canada | Cheyenne | NCW | Proxy |
| Rockies/NW/Canada | CIG Rocky Mtns | NCR | Assessed |
| Rockies/NW/Canada | El Paso SanJuan | NES | Assessed |
| Rockies/NW/Canada | Kern River Dlvd | NKR | Proxy |
| Rockies/NW/Canada | Kern River Opal | NKO | Proxy |
| Rockies/NW/Canada | NW Can Bd Sumas | NSU | Assessed |
| Rockies/NW/Canada | NW WY Pool/Rky | NNR | Assessed |
| Rockies/NW/Canada | TC Alb AECO-C | NNA | Assessed |
| West Texas | El Paso Permian | NEP | Assessed |
| West Texas | Transwestn Perm | NTP | Proxy |
| West Texas | Waha | NWA | Assessed |
Subscription Add-on
Market Data – Natural Gas
Upgrade your subscription to include Market Data - Natural Gas. With one click of the mouse, you will have access to the latest gas price assessments in a data-point format that is easy to import and analyze. Market Data - Natural Gas also provides:
- End-of-day assessments
- Third-party data
- Rolling 45-day historical database for key assessments
This is the most efficient and reliable way to receive Platts’ industry-standard benchmark assessments. For further information, please contact Platts Sales.
Purchase and Delivery Options
Costs
For more information about the price of this product, please contact your nearest Platts office. Many clients purchase multiple subscriptions to ensure their entire staff has access to Platts’ information. We will work with you to ensure that your staff is appropriately licensed, the correct discount levels is received, and our distribution methods meet your specific needs.
Basic Delivery
You can receive M2M-Gas on your PC via Platts’ proprietary platform Platts on the Net or over EMIS. EMIS is a browser-based platform incorporating an easy and intuitive navigation scheme, including user-defined layouts and an improved search engine.
Delivery Partners
Platts partners play a critical role to help ensure your company's success. We are pleased to have cooperative partnerships with the world's leading data delivery and analysis companies to help you extend the value of the information we provide throughout your organization. Please contact your nearest Platts office to discover whether you can access M2M-Gas through your existing vendor's delivery platform.
Multiple-user Subscriptions
Many clients purchase multiple subscriptions to ensure their entire staff has access to Platts information. We will work with you to make certain our distribution methods meet your specific needs. For details, contact your nearest Platts office.