CME Group has launched three new natural gas futures contracts physically delivered at Pine Prairie Energy Center (PPEC), owned by PAA Natural Gas Storage. The contracts will be traded on the NYMEX, electronically via CME Globex, while they will be available for clearing through CME ClearPort. The PPEC delivered natural gas futures will offer customers with shorter-term contracts, including daily, balance-of-month and monthly contracts, all with backstopped delivery. The contracts will start trading from February 7.
Click here for the release from PR Newswire.