Gas Prices, markets & analysis
ICIS provides extensive coverage of the global natural gas markets, bringing you independent pricing information, in-depth analysis along with commentary and news.
Our network of gas reporters in the UK, continental Europe and China delivers local insights for each of these markets, published across a range of gas reports.
With over two decades of reporting on the natural gas markets, ICIS is an established source of essential gas pricing information, used by key players in the global markets.
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Gas Overview Transcript
Gas is a key energy source for most of the world’s countries particularly as they are moving to a less carbon-intensive energy generation mix.
It’s also going to be key to providing flexibility needed for most of the countries in the world as renewables become a much larger part of the energy generation mix.
The industry itself is also extremely dynamic and is moving very fast now from the old monopoly structures where gas was produced by one company, moved through a pipeline, and sold to a dedicated buyer. It’s now become a truly global commodity and a globally traded commodity.
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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 – More information about the price reports we publish on Gas
Independent price assessments and market coverage by region
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News & analysis
News & Analysis - News & market analysis specifically relating to Gas
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Upstream of Gas
Downstream of Gas
Gas: Market overview
Demand began to increase rapidly from mid-November with the need for winter heating in north China, but temperatures were not as low as they were last winter.
Meanwhile, construction has been completed on two coal-based synthetic natural gas projects, which have started to supply northern China via pipeline, so supply and demand are well balanced in most cities.
The wholesale price of liquefied natural gas (LNG) kept rising with winter demand. ICIS/C1 Energy’s assessments for the price of LNG delivered by truck in coastal China rose by Yuan (CNY) 294/tonne to CNY6,274/tonne from November to December 2013.
However, with the approach of the Spring Festival holiday downstream demand began to drop, the prices fell to CNY6,196/tonne at the beginning of January.
After the Spring Festival holiday, China’s gas market is expected to enter a period of weak demand because most cities stop winter heating. The domestic market is therefore expected to become oversupplied, which may further influence LNG prices.
Updated to mid-Jan 2014
News & analysis
Gas news & analysis
ICIS launches European Spot Gas Markets Methodology Consultation more >>
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Gas, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.
Continental Gas Snapshot Methodology
European Gas Fundamentals Daily Report Methodology
European Gas Fundamentals Data Report Methodology
European Gas Hub Report Methodology
European Gas Market Methodology
European Spot Gas Market Methodology
Industrial & Commercial Energy Snapshot (gas)
China Gas Markets Methodology
Natural gas is commonly produced alongside oil or other hydrocarbons and can also be found deep underground within rock formations. An increasing amount of gas production stems from non-conventional sources, such as from coal-bed seams or from within shale formations. Natural gas is predominantly formed of methane.
Uses include acting as a raw material for power generation, a source of heating and a chemical feedstock for organic chemicals or plastics.
Natural gas is predominantly odourless but varying odorant may be added depending on the specific country to alert users of a leak. Gas normally dissipates in the event of a leak but can cause an explosion as it becomes flammable when mixed with air.
Natural gas is transported by pipelines which can run along the seabed or underground, potentially transporting the energy source thousands of miles. The fuel moves at a speed of around 25km/hour through the pipe.
It is typically stored in depleted gas reservoirs or salt caverns. A certain volume of gas is kept within pipeline networks in order to maintain pressure. This is called linepack.
Upstream of Gas
Downstream of Gas