Platts M2M-Gas is a transparent, objective tool that provides you with market-based 36-month gas forwards and 20-year forward curve benchmarks. Platts independent, comprehensive and objective price valuations provide the definitive mark-to-market, portfolio risk management and strategic decision support you need to make confident and profitable decisions.
Features
- The standard for gas-price benchmark information and provides you with clear and informed valuations to support investment and trading decisions.
- Market-based, 36-month gas forwards, using Platts proprietary models whenever market activity does not support an assessment.
- 20-year forward curve benchmark, which is based on the most current regional forward assessments.
Who Should Buy
Risk managers, compliance officers, and middle and back-office operations managers rely on M2M-Gas for its unbiased marks and prices to support investment and trading decisions.
Benefits
M2M-Gas is a trusted source of 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.
- Daily mark-to-market outsourcing or independent validation of internal marks around the daily reporting of trading functions
- Reliable and back-tested historical data for value at risk (VaR), EaR or CFaR or other daily risk management measurement and reporting functions
- Independent and methodologically-transparent daily forward price updates and historical datasets for key portfolio risk management functions around risk disaggregation and decomposition, stress testing and scenario building
- Longer-term market price-related valuations for strategic asset optimization, M&A and infrastructure investment decisions
- Assistance in resolving legal or contractual disputes through provision of standardized and industry-adopted independent valuations
- Supporting collateral management under credit (counterparty exposure management) risk or exchange settlement functions
M2M Gas is the industry's most complete market-based forwards solution for long-term energy contract valuation. Included are:
North American Gas 36-Month Forwards*
Platts M2M-Gas provides market-based, 36-month gas forwards, using Platts proprietary models wherever market activity does not support an assessment.
North American Gas 20-Year Forwards**
Regional forward assessments, provides annual price projections for 20 years:
*Delivered daily
** Delivered monthly
Hub Coverage
| Region | Hub Code | Location | Curve Type |
| Central |
| Gulf Coast | NAL | ANR LA | Proxy |
| Gulf Coast | NHH | Henry Hub | Assessed |
| Gulf Coast | NHS | Houston ShipChl | Assessed |
| Gulf Coast | NLS | Lone Star | Proxy |
| Gulf Coast | NGL | NGPL LA | Assessed |
| Gulf Coast | NGT | NGPL S TX | Proxy |
| Gulf Coast | NGO | NGPL Texok Zn | Assessed |
| Gulf Coast | NGS | Texas Gas Zn SL | Assessed |
| Gulf Coast | NG1 | Texas Gas Zn 1 | Proxy |
| Gulf Coast | NTR | Trunkline E LA | Assessed |
| Mid-Continent | NAO | ANR OK | Assessed |
| Mid-Continent | NRE | CenterPoint E | Assessed |
| Mid-Continent | NRW | CenterPoint W | Proxy |
| Mid-Continent | NGM | NGPL Midcont | Assessed |
| Mid-Continent | NND | Nrthrn NG Demarc | Assessed |
| Mid-Continent | NNT | Nrthrn TxOkKs | Proxy |
| Mid-Continent | NNV | Nrthrn Ventura | Assessed |
| Mid-Continent | NON | Oneok OK | Proxy |
| Mid-Continent | NPT | Panhandle TX-OK | Assessed |
| Mid-Continent | NWT | Sth Star TxOkKs | Proxy |
| Upper Mid-West | NAM | ANR ML 7 | Proxy |
| Upper Mid-West | NCG | Chicago CG | Assessed |
| Upper Mid-West | NCE | Cons Energy CG | Assessed |
| Upper Mid-West | NDO | Dawn | Assessed |
| Upper Mid-West | NVE | Emerson | Proxy |
| Upper Mid-West | NMG | Mich Con CG | Assessed |
| North |
| Gulf Coast | NCL | Col Gulf LA | Assessed |
| Gulf Coast | NF1 | FL Gas Zn1 | Proxy |
| Gulf Coast | NF2 | FL Gas Zn2 | Proxy |
| Gulf Coast | NF3 | FL Gas Zn3 | Assessed |
| Gulf Coast | NSL | SoNat LA | Proxy |
| Gulf Coast | NEE | Tenn 100 Leg | Proxy |
| Gulf Coast | NT5 | Tenn LA 500 Leg | Assessed |
| Gulf Coast | NT8 | Tenn LA 800 Leg | Proxy |
| Gulf Coast | NT0 | Tenn Zn0 | Assessed |
| Gulf Coast | NT1 | Transco Zn1 | Proxy |
| Gulf Coast | NT2 | Transco Zn2 | Proxy |
| Gulf Coast | NTC | Transco Zn3 | Assessed |
| Gulf Coast | NT4 | Transco Zn4 | Proxy |
| Gulf Coast | NTL | TX Eastern E LA | Assessed |
| Gulf Coast | NTW | TX Eastern W LA | Proxy |
| Gulf Coast | NTT | TX Eastern E TX | Proxy |
| Gulf Coast | NTS | TX Eastern S TX | Assessed |
| Northeast | NAG | Algonquin CG | Assessed |
| Northeast | NCA | Col Gas Appal | Assessed |
| Northeast | NDS | Dominion S Pt | Assessed |
| Northeast | NDR | Dracut MA | Proxy |
| Northeast | NEM | Empress | Proxy |
| Northeast | NIR | Iroquois Recpts | Proxy |
| Northeast | NIQ | Iroquois Zn2 | Proxy |
| Northeast | NLE | Leidy | Proxy |
| Northeast | NGR | Niagra | Proxy |
| Northeast | NTZ | Tenn Zn6 Dlvd | Proxy |
| Northeast | NZ5 | Transco Zn5 Dlv | Proxy |
| Northeast | NTN | Transco Zn6 NY | Assessed |
| Northeast | NT6 | Transco Zn6 xNY | Proxy |
| Northeast | NTE | TX Eastern M-3 | Assessed |
| West |
| California | NPG | PG&E CG | Assessed |
| California | NMA | PG&E Malin | Assessed |
| California | NPS | PG&E South | Proxy |
| California | NSE | Socal Ehrenberg | Proxy |
| California | NSC | SoCal Gas | Assessed |
Rockies/Northwest/ Canada | NCW | Cheyenne | Proxy |
Rockies/Northwest/ Canada | NCR | CIG Rocky Mtns | Assessed |
Rockies/Northwest/ Canada | NES | El Paso SanJuan | Assessed |
Rockies/Northwest/ Canada | NKR | Kern River Dlvd | Proxy |
Rockies/Northwest/ Canada | NKO | Kern River Opal | Proxy |
Rockies/Northwest/ Canada | NSU | NW Can Bd Sumas | Assessed |
Rockies/Northwest/ Canada | NNR | NW WY Pool/Rky | Assessed |
Rockies/Northwest/ Canada | NNA | TC Alb AECO-C | Assessed |
| West Texas | NEP | El Paso Permian | Assessed |
| West Texas | NTP | Transwestn Perm | Proxy |
| West Texas | NWA | Waha | Assessed |
Basic Delivery
M2M-Gas is delivered in the same way as Dispatch Data files – either direct via FTP or via web delivery. You can receive M2M-Gas in either .txt or .csv files for easy integration into back-office and analytical databases.
Delivery Partners
Platts partners play a critical role to help ensure your company's success. We're 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 platforms.
Multiple-user Subscriptions
Many clients purchase multiple subscriptions to ensure their entire staff has access to Platts information. We'll work with you to make certain our distribution methods meet your specific needs. For details, contact your nearest Platts office.