platts m2ms-gas (north america) coverage guide

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Platts M2MS-GAS ® (North America) coverage guide Platts M2MS-GAS ® provides independent assessments of North America monthly forward gas prices at 101 hubs. Daily 10-year and semi-monthly 20-year curves are derived using a combination of Intercontinental Exchange (ICE) activity and settlement data, broker quotes, and sophisticated quantitative techniques. Monthly price granularity and an open and validated methodology bring greater transparency to forward natural gas markets. Key features of M2MS-GAS ® Published daily, 120-month (10-year) forward curves provide market-based forward prices with monthly granularity Published semi-monthly, 240-month (20-year) forward curves combine current 120-month daily forward assessments with 240-month price extensions incorporating market fundamentals Published daily, 36-month (3-year) forward heat rates are calculated as the ratio between M2MS-POWER ® /Henry Hub and M2MS-POWER ® /Specified Regional Hub at the same delivery month

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Page 1: Platts M2MS-GAS (North America) coverage guide

Platts M2MS-GAS® (North America) coverage guidePlatts M2MS-GAS® provides independent assessments of North America monthly forward gas prices at 101 hubs. Daily 10-year and semi-monthly 20-year curves are derived using a combination of Intercontinental Exchange (ICE) activity and settlement data, broker quotes, and sophisticated quantitative techniques. Monthly price granularity and an open and validated methodology bring greater transparency to forward natural gas markets.

Key features of M2MS-GAS® – Published daily, 120-month (10-year) forward curves provide market-based forward prices with monthly granularity

– Published semi-monthly, 240-month (20-year) forward curves combine current 120-month daily forward assessments with 240-month price extensions incorporating market fundamentals

– Published daily, 36-month (3-year) forward heat rates are calculated as the ratio between M2MS-POWER®/Henry Hub and M2MS-POWER®/Specified Regional Hub at the same delivery month

Page 2: Platts M2MS-GAS (North America) coverage guide

Northeast Region Gulf Coast Region Mid-Continent Region Upper Midwest RegionRockies & West Region

Algonquin City Gate Agua Dulce Hub ANR OK Alliance Interstates CheyenneColumbia Gas Appalachia ANR LA Enable Gas East ANR ML 7 CIG Rocky MountainsColumbia Gas, Appalachia (Non-IPP) Carthage Hub Enable Gas West Chicago City Gate El Paso BondadDominion North Point Columbia Gulf LA NGPL Midcon Cons Energy City Gate El Paso PermianDominion South Point Columbia Gulf Mainline Oneok OK Dawn Ontario El Paso San JuanDracut MA Florida City Gate Panhandle TX-OK Emerson EmpressIroquois Receipts Florida Gas Zone 1 Southern Star TX-OK-KS Mich Con City Gate GTN KingsgateIroquois Zone 2 Florida Gas Zone 2 Northern Demarc Kern River DlvdLebanon Hub Ohio Florida Gas Zone 3 Northern Ventura Kern River OpalMillennium East Receipts Henry Hub REX Zone 3 Delivered NW Can Border SumasPNGTS Houston Ship Channel NW WY Pool RockiesNiagara Katy PG&E City GateTenn Zone 4-200 Leg NGPL S TX PG&E MalinTenn Zone 4-300 Leg NGPL TX-OK PG&E SouthTenn Zone 4-313 Leg Southern Natural LA Questar RockiesTenn Zone 6 Delivered Tenn 100 Leg SoCal GasTransco Leidy Line Receipts Tenn 500 Leg SoCal Gas City-GateTransco Zone 5 South Tenn 800 Leg Socal EhrenbergTransco Zone 6 non-NY Tenn Zone 0 Stanfield ORTransco Zone 6 non-NY North Texas Gas Zone SL TC Alberta AECO-CTransco Zone 6 NY Texas Gas Zone 1 Transwestern PermianTX Eastern M-2 Receipts Transco Zone 1 WahaTX Eastern M-3 TGP-Z0 South Westcoast Stn 2

Transco Zone 2 White River HubTransco Zone 3 Mexico El EncinoTransco Zone 4 Mexico Guadalajara Tres Palacios Injection Mexico RosaritoTres Palacios Withdrawal Mexico TopolobampoTrunkline E LATrunkline W LATrunkline Zn 1ATX Eastern E LAX Eastern E TXTX Eastern M-1TX Eastern S TXTX Eastern W LAMexico Los Ramones - MonterreyMexico Puente MorenoMexico MeridaMexico Tula

M2MS-GAS® National Package Locations

Algonquin City GateChicago City GateColumbia Gas AppalachiaColumbia Gulf MainlineDawn OntarioDominion South PointEl Paso PermianEl Paso San JuanFlorida Gas Zone 3Henry HubHouston Ship ChannelMich Con City GateNGPL TX-OKNorthern DemarcNorthern VenturaNW Can Border SumasNW WY Pool RockiesPanhandle TX-OKPG&E City GatePG&E MalinSoCal GasTC Alberta AECO-CTenn 500 LegTransco Zone 3Transco Zone 4Transco Zone 6-non NY NorthTransco Zone 6 NYTX Eastern M-3WahaSouthern Natural LA

Mexico Region

Los Ramones - Monterrey Puente Moreno MeridaTulaEl Encino GuadalajaraRosaritoTopolobampo

Platts, the exclusive publisher of ICE-driven forward curves, offers curves for 101 natural gas locations in 5 regional packages

Page 3: Platts M2MS-GAS (North America) coverage guide

Rockies & West

Northeast

Gulf Coast

Mid-Continent

Upper Midwest

NW Can Bd Sumas

Transco Zn3

TX Eastern E TX

ANR LA

Questar Rky Mtn

Henry Hub

Empress

Col Gas Appalachia

Col Gas, Appalachia (Non-IPP)

TC Alb AECO-C

Trunkline WLA

Mich Con CG Tennessee zone 4-300 leg

Emerson

Nrthrn Ventura

Transco Zn2

Transco Zn5 Dlv

Transco Zn5 South

FL Gas Zn1

PG&E South

Algonquin CG

Sth Star TxOkKs

CIG Rocky Mtns

Lebanon Hub-Ohio

Dominion S Pt

Tennessee zone 4-200 leg

TX Eastern S TX

Enable Gas West

Nrthrn NG Demarc

Transco Zn1

Transco Zn6 NY

Agua Dulce Hub

PG&E Malin

FL Gas Zn3

TX Eastern M-3Chicago CG

Stanfield OR

KERN RIVER OPAL

Tenn Zn6 Dlvd

Dominion N Pt

Enable Gas East

Niagara

Transco Leidy Line receiptsTransco Zn6 xNY

PG&E CG

Transco Zn4

SoNat LA

CHEYENNE

El Paso SanJuan

Westcoast Stn 2

Kern River Dlvd

FL Gas Zn2

Dawn Ontario

TGP-Z0 South Tenn Zn0

NGPL Texok Zn

TX Eastern W LA

Texas Gas Zn SL

Transco Zone 6 Non-NY North

Florida CG

Panhandle TX-OK

Carthage Hub

SoCal Gas city-gate

Katy

Tenn LA 800 Leg

Cons Energy CG

NGPL S TX

Texas Gas Zn 1

Transwestn Perm

Iroquois Recpts

Oneok OK

GTNW Kingsgate

ANR OK

SoCal Gas

Iroquois Zn2

Dracut MA

Col Gulf Mnline

Tenn LA 500 Leg

NGPL Midcont

Texas Eastern zone M-2 receipts

Waha

NW WY Pool/Rky

TX Eastern E LA

ANR ML 7

Socal Ehrenberg

Houston ShipChl

El Paso Permian

Tenn 100 Leg

Col Gulf LA

Millennium East receipts

TETCO M1

Trunkline E LA

Trunkline, Zone 1A

White River Hub

Tennessee Zone 4-313

El Paso, Bondad

Alliance, into interstates

REX Zone 3 delivered

Tres Palacious

PNGTS

Hub TypeMarketProxy

M2MS-GAS® Trading Hubs

Page 4: Platts M2MS-GAS (North America) coverage guide

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