Natural Gas Prices, Markets & Analysis

ICIS provides extensive coverage of the global natural gas markets, bringing you independent pricing information and in-depth analysis, along with commentary and news. Information, such as price assessments and indices, can be easily accessed on the ICIS Dashboard.

Our network of reporters in Europe, China, Singapore and the US delivers local insights for many hubs and markets, published across a wide range of gas reports. ICIS is an established source of essential pricing information, used by key players in the global markets. In particular, the NBP Heren Index and TTF Heren Index are key global benchmarks for the European natural gas markets.

natural gas prices

TTF Day-ahead Natural Gas Price Assessment

The Dutch TTF Day-ahead natural gas price is trading at lows not seen for a number of years

Natural Gas Market Overview

Updated to Q3 2016

European natural gas prices have come under considerable downward pressure in recent years, with the Dutch TTF Day-ahead contract assessed at €11.05/MWh in late August 2016. Having been worth more than €25.00/MWh in early 2014, the TTF price – which is a benchmark for the European market – has traded lower on improved global supply and lacklustre European demand. Weak oil prices have also contributed to this fall.

Much of the additional global supply comes from new production and exports from the US and Australia, which has allowed other exporters, such as Qatar, to send more natural gas to the NBP and TTF.

At the same time, traditional European suppliers in Norway and Russia continue to distribute their natural gas to the traded hubs in Europe.

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News & analysis

Gas news and market information products from ICIS

We offer the following regional Gas analysis and news coverage to keep you informed of factors and developments affecting prices in the Gas marketplace.

  • Price reporting

    Price Reporting – More information about the price reports we publish on Gas

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    News & Analysis - News & market analysis specifically relating to Gas

    Breaking news of latest developments affecting the markets.

    Insight and analysis of factors driving prices.

Russia’s SPIMEX to launch new short-term gas contracts

...of all gas sold in Russia. It would make the gas price visible, making the Russian market – where most gas is traded in long-term deals – more transparent.... Fri, 21 Oct 2016

NBP bulls in charge but front-summer momentum wanes

...largest gas markets and is a key price driver for numerous European gas and power markets. NBP prices can influence other gas hubs including the Dutch TTF... Fri, 21 Oct 2016

French front-year power price casts doubts on ARENH option

...French front-year power price casts doubts on ARENH option. Joachim Moxon. The French power market is facing increased price risk related to the regulated... Thu, 20 Oct 2016

High LNG send-out pressures French TRS-PEG Nord spread 35mcm/day between 18-20th. While prices at other European hubs rocketed following the start of the new gas year and a surge in weather-driven demand,... Thu, 20 Oct 2016

SENER to open idle Pemex, CFE US pipeline capacity

...SENER to open idle Pemex, CFE US pipeline capacity. James Fowler. Idle natural gas pipeline capacity in the southern US belonging to Mexico’s state oil... Tue, 11 Oct 2016

Market highlight: Britain-Belgium Interconnector gas pipe becomes less responsive to Day-ahead basis

Market highlight: Britain-Belgium Interconnector gas pipe becomes less responsive to Day-ahead basis

Natural gas flow via the bidirectional Interconnector pipe linking Britain and Belgium was less responsive to the premium of the Zeebrugge Day-ahead contract over its NBP counterpart – known as the basis – during gas year 2015, ICIS analysis shows.

ICIS looks at why one of the most price-sensitive pipes in Europe became less so in gas year 2015, and analyses net British exports via the pipe as well as basis volatility.

Market highlight: Dutch TTF biggest hub by total traded volume in gas year '15

Market highlight: Dutch TTF biggest hub by total traded volume in gas year '15

The Dutch TTF overtook the British NBP to become Europe’s biggest natural gas hub by total traded volume for the first time in the 2015 gas year, recording a combined 20,238TWh of over-the-counter (OTC) and exchange trade.

ICIS takes a look at how and why the TTF surpassed the NBP to become Europe’s most liquid gas hub, analysing which contracts drove the liquidity surge and how volume was shared out between OTC and exchange platforms.

Market highlight: Basis liquidity capped by Interconnector capacity

Market highlight: Basis liquidity capped by Interconnector capacity

Trade on the Belgian Zeebrugge - British NBP Day-ahead basis will drop when the premium that the Belgian hub holds to the British market rises above 2.0p/th, as flows down the bi-directional Interconnector pipeline hit nameplate capacity, according to ICIS data.

ICIS analysis demonstrates that although the NBP Day-ahead was trading at a significant discount to its Zeebrugge counterpart, there was not, as may have been expected, a surge in interest from shippers taking advantage of the lower priced contract. This is because British export capacity had reached its limit.