The upstream and downstream energy markets have utilized derivative products for the past 35 years to help manage their market risk. The Matrix Auction Program (MAP) similarly provides a means for the midstream storage sector to help manage its risk through portfolio diversification. The MAP enables a facility owner to have a mix of both traditional term storage for two-plus years and short-term storage contracts for 1 to 12 months that are positioned along the forward curve. The MAP provides different
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