ICIS benchmark gas price assessments and indices

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. Both are published in €/MWh and $/MMBtu, with the British prices also available in p/th.

The Heren indices and assessments have evolved to cover both emerging and mature markets. Assessments are now available for the British NBP, Dutch TTF, Belgian Zeebrugge, German NCG and GASPOOL, French PEG Nord and TRS, Italian PSV, Austrian VTP and Spanish PVB, as well as the Czech, Slovak and Turkish markets.

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.

Whether you’re trading in the over-the-counter (OTC) market or looking to hedge your long-term position, ICIS indices and price assessments provide the data you need to act confidently in Europe’s gas markets.

ICIS indices and price assessments have been the industry standard for over 20 years. As the most widely traded and referenced in European gas, aligning yourself to these prices is paramount in order to seize opportunities and mitigate risk.

Subscribing to ICIS market intelligence data will allow you to benchmark your position in key gas hubs and make accurate comparisons between markets, based on robust methodology unrivalled by other providers.

The Heren Index is based on a volume-weighted average of qualifying trades, collated over the course of a day, week or month. Data is gathered from a broad cross-section of the market, which includes traders, producers, end-users and brokers.

Heren Assessments are based on the highest bids and lowest offers at the close of play, factoring in supply and demand fundamentals such as production maintenances, tender issues, weather data and shipping costs.

Both methodologies are independently verified by market experts, in line with ICIS’ commitment to IOSCO.

The prices are open to market feedback, undergo annual external audit and are subject to public consultation at least every two years.

• Find out more about ICIS editorial standards
• Read more about ICIS consultation and compliance processes
• Understand more about the ICIS price assessment methodology

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.

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