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 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.
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.
How we can help
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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Price History – More information about the historical price data we publish on Gas
Track historical price data
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