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Why does ACE use PEPL and CIG instead of NYMEX for pricing?

April 26, 2017ace nymex pricing

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Why does ACE use PEPL and CIG instead of NYMEX for pricing?

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PEPL (Panhandle Eastern Pipeline Co.) and CIG (Colorado Interstate Gas) indices more accurately reflect the actual cash prices of natural gas to our region. NYMEX (New York Mercantile Exchange) is a publicly traded market which establishes pricing primarily for the east coast.