Platts-ICE Forward Curve - Natural Gas (North America)

Exclusive Publisher of ICE-driven Forward Curves

Platts-ICE Forward Curve – Natural Gas (PFC-Gas) provides an independent assessment of forward prices. Platts has the exclusive right to publish curves using end-of-day ICE settlement data, allowing you to mark-to-market your positions with confidence.


PFC-Gas enables you to:

  • Validate internally-derived natural gas price curves with unbiased, independent data
  • Calculate mark-to-market valuations to determine daily profit and loss
  • Calculate risk metrics such as Value-at-Risk (VaR) and perform stress tests
  • Report the fair value of derivative instruments on financial statements and disclosures
  • Confidently assess the market values of assets and liabilities to support corporate strategies such as mergers and acquisitions


PFC-Gas provides assessments of forward prices for commonly traded packages across key trading hubs in North America. With this product, you’ll receive:

  • Monthly, seasonal, and yearly forward prices for 29 key locations, extending out three calendar years
  • Independent price assessments based on bids, offers, and actual trades, rather than modeled data

If you would like to receive daily market commentary and forward markets analysis along with forward price curves, consider subscribing to Platts Natural Gas Alert, which features PFC-Gas as an add-on service.

PFC-Gas is the only product that combines the data-gathering power and expertise of Platts editors with ICE trade and settlement data. Platts also uses New York Mercantile Exchange (NYMEX) intraday and end-of-the-day prices, broker quotes, and direct quotes from market participants to provide forward curve assessments.

Daily gas price assessments are formulated monthly for the balance of the month and prompt six months, followed by the balance of the current season and five full seasons. Prices are also assessed yearly for three calendar years. Seasonal packages are defined as the November-March Winter package and April-October Summer package.

View PFC-Natural Gas Coverage Guide

Daily assessments are formulated for the following 29 key gas trading hubs in North America:

RegionHub Name
Gulf CoastColumbia Gulf, Mainline
Gulf CoastTennessee, Louisiana, 500 Leg
Gulf CoastTransco, Zone 3
Gulf CoastTransco, Zone 4
Gulf CoastFlorida Gas, Zone 3
Gulf CoastHenry Hub
Gulf CoastHouston Ship Channel
Gulf CoastNGPL, TX-OK Zone
Gulf CoastSouthern Natural, Louisiana
Mid-ContinentNorthern, Demarcation
Mid-ContinentNorthern, Ventura
Mid-ContinentPanhandle, TX-OK
Upper Mid-WestChicago City Gates
Upper Mid-WestDawn, Ontario
Upper Mid-WestMichCon City Gate
NortheastColumbia Gas Appalachia
NortheastDominion South Point
NortheastTexas Eastern, M-3
NortheastAlgonquin, City Gates
NortheastTransco, Zone 6 NY
CaliforniaPG&E, City Gate
CaliforniaPG&E, Malin
CaliforniaSoCal Gas
CanadaNorthwest, Canadian Border (Sumas)
CanadaTCPL Alberta, AECO-C
RockiesNorthwest, Rocky Mountains
SouthwestEl Paso, San Juan Basin
West TexasEl Paso, Permian Basin
West TexasWaha

If you do not see the data you need, consider the Platts M2MS-Gas product, which broadens the coverage of PFC-Gas, supplementing the hubs and time periods which aren't covered by our editorial process.

The market-on-close natural gas price assessments reflect values in the financial basis-swap market at these 28 locations, plus Henry Hub, at the 2:30 pm EST close of open outcry trading of the New York Mercantile Exchange. Assessments are expressed in basis and full-value equivalents.

Basic Delivery

Subscribers to Natural Gas Alert can receive PFC-Gas as an add-on service to their package. Contact us to get started.

If you do not currently subscribe to Natural Gas Alert, you can still access PFC-Gas via Platts Market Data files. These files can be accessed in two ways for simple download and import into back-office or analytical databases or into Microsoft Excel or other desktop applications.

  • Download comma-delimited (.csv) data files from
  • Download text files (.txt) from Platts FTP site

Contact us to get started. We will work with you to ensure that your staff has access to the data they need, distributed in a way that meets your specific needs.

Delivery Partners

Platts partners play a critical role to help ensure your company's success. We've struck cooperative partnerships with the world's foremost data delivery and analysis companies to help you leverage the information we provide and extend its value throughout your organization. Please contact us to find out if you can access PFC-Gas through your existing vendor's delivery platform.





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