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.
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 Q4 2017
Fundamentals in the European wholesale natural gas market during the fourth quarter of 2017 will be structurally different from previous winters, which could lead to price volatility at the traded hubs. Britain will be without flexible supply from its now defunct Rough unit, which previously had accounted for around 70% of the country’s storage capacity. Only around 5 million cubic metres (mcm)/day will be withdrawn from the facility as its operator empties the site, a far-cry from the 42mcm/day it used to provide to the market. In the Netherlands, the annual production cap at the major Groningen field will be tightened again, to 21.6 billion cubic metres (bcm), having previously been 24.0bcm. This will reduce the export potential of the Netherlands, meaning surrounding markets will need to import more from elsewhere. Russian supply is likely to fill much of this void. Over the summer exporter Gazprom was given approval to increase its usage of a key German transit pipeline, which has allowed the company to increase its throughput along the Nord Stream pipeline, which runs under the Baltic Sea. It is likely flows through this pipe will ramp higher over the winter to meet rising demand in northwestern and central European markets.
Storage units across Europe start the winter season ten percentage points emptier than a year earlier. Should there be a severe cold snap during the fourth quarter of 2017 and reserves are drawn upon earlier than usual this is likely to boost prices for Q1 ’18 delivery, as this period will be exposed to the risk of tighter-than-usual supply margins.
Benchmark your position in European natural gas with ICIS indices and assessments
Heren proprietary indices and assessments are the industry standard for European gas. Independently assessed and verified, directly from the market, these prices provide a reliable benchmark for the main gas hubs.
The British NBP and Dutch TTF natural gas prices, produced by ICIS, are referenced throughout the world and are the gas industry’s main reference for the European continent as a whole.
Our daily indices and assessments are designed to increase pricing transparency, enabling you to make accurate, timely decisions when buying and selling European natural gas.
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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
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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
Updated to Q2 2016
European natural gas prices in the second quarter of 2016 are expected to remain broadly weak, although losses are not anticipated to be as great as in the first three months of the year. The winter season has ended with storage tanks more full than usual, indicating demand to replenish these reserves during Q2 and Q3 2016 will be less than in previous years. This should weigh on prices. The exception could be Britain, where gas-fired power generation has now become significantly more financially worthwhile than coal-fired electricity production.
The supply of LNG into northwest Europe is expected to be greater than during the summer of 2015, as Qatar is able to deliver more, and new supply sources – such as the US – start to come on line. This is likely to add yet more pressure to forward gas contracts at the hubs. Traditional European gas producers – namely Norway and Russia – are unlikely to turn down the taps as this extra gas arrives, fuelling the bearishness.
News & analysis
Gas news & analysis
Continental Gas Snapshot 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