“The launch of daily price assessments for MPCs follows extensive consultation with natural gas market participants,” said Mark Callahan, editorial director, America Generating Fuels and Power Pricing at S&P Global Commodity Insights.
S&P Global Commodity Insights welcomes the opportunity to bring improved pricing transparency to this emerging market. We recognize the role that MPCs can play in enabling producers and commercial, industrial, and utility consumers to differentiate and value cleanly produced, and responsibly sourced natural gas as a critical step on the pathway to net-zero emissions goals.
“Grounded in real-time, metered production data, and available ambient monitoring, the MPC becomes part of an immutable and auditable data set for natural gas production, said Andrew Pisano, head of XRegistries at Xpansiv. “It allows the market to reward producers with low methane leakage by creating a clear market price related to methane release. We are pleased to support natural gas market participants on their path to reach their ESG targets and climate commitments.” As part of the inaugural launch, the first MPC will be transferred between Pacific Canbriam Energy and industrial gas customer Skeena Bioenergy Ltd, a manufacturer of wood pellets exported to the UK, EU, and Japan. The wood pellets are displacing coal in electricity generation.
"Skeena Bioenergy has decided to make commodity procurement decisions based on higher standards for fugitive emissions, so reducing the lifecycle impact of its wood pellets,” said Roger Keery, Skeena president. “This process provides incentives to producers to meet higher standards, employ best practices, and improve transparency. It’s an important step forward to lower our GHG footprint.” MPCs can be registered, issued, transacted, and retired in accordance with Xpansiv’s Digital Fuels Program to eliminate double counting. Xpansiv’s DF Registry maintains a complete record of the MPC and its associated environmental claims, ensuring data quality and enhanced data management. For additional details on the Platts MPC price assessment methodology, see this subscriber note. For additional details of the Xpansiv MPC methodology, visit the Digital Fuels Program Governance Framework. S&P Global Commodity Insights' parent, S&P Global, has an equity investment in Xpansiv through its S&P Global Ventures arm.
