ICIS enhances European gas benchmarks with launch of US dollar contracts

27 March 2017

27 March, 2017
SHARE THIS STORY

ICIS, a leading provider of pricing and market intelligence for the global energy, chemical and fertiliser sectors, has enhanced its European gas market coverage, making a range of its UK and continental European gas assessments available in US dollars.

The additional pricing information reflects the growing relevance of Europe’s gas hubs for participants in both North America and Asia. The growing physical linkage between regional gas markets means there is an ever greater need for reliable prices which are comparable around the world.

With up to 66 million tonnes of LNG export capacity scheduled to come online from the US by the end of 2020 and the expectation that Europe will be a key destination, the ICIS NBP and TTF gas hub assessments are valuable pricing references for physical and financial counterparties.

“US LNG cargoes are already being priced and hedged on Europe’s two main gas hubs, irrespective of whether the volumes are delivered to Europe,” said Ben Wetherall, head of gas at ICIS. “This is a trend that will continue as more LNG is commissioned from North America.”

The independent price assessments and indices published by ICIS are some of the most widely traded and referenced benchmarks across the European gas market, enabling participants to manage risk with confidence.

ICIS assesses 35 forward contracts for both the NBP and TTF hubs. The NBP trades in pence per therm and TTF is settled in euros per megawatt-hour. These contracts are now available in US dollars per million British thermal unit.

Subscribers to European Spot Gas Markets (ESGM) and LNG Markets Daily (LMD) will have access to these contracts via FTP with key prices also appearing in the daily PDFs.

For media inquiries, contact:

Ben Wetherall 
Head of Gas 
ICIS 
T: +44 020 7911 1786
Ben.Wetherall@icis.com

Tara Sabanandan 
Marketing Manager
T: +44 (0) 207 911 1713
tara.sabanandan@icis.com

About ICIS

ICIS is the world’s largest petrochemical market information provider, with divisions spanning energy and fertilizers. Our aim is to give companies in global commodities markets a competitive advantage by delivering valuable information and analytics tools which enable our customers to identify and react to opportunities in markets which are constantly evolving. We have more than 30 years’ of experience in providing pricing intelligence and news, forecast data, market analytics and independent consulting to buyers, sellers and analysts.

With a global staff of more than 600, ICIS has employees based in London, Houston, New York, Singapore, Dubai, Shanghai, Guangzhou, Beijing, Mumbai, Tokyo, Karlsruhe, and Milan. ICIS’ team of journalists is engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

ICIS is a division of Reed Business Information, part of RELX Group.

 

About Reed Business Information

Reed Business Information (RBI) is a fast-growth provider of information and analytics, solving critical problems for businesses globally. Our strong global products and services hold leading positions across a wide range of industry sectors including finance, agriculture, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group, a global provider of information and analytics for professional customers across industries. http://www.reedbusiness.com

 

About RELX Group

RELX Group is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £33.1bn|€37.7bn|$44.3bn. www.relx.com

Asia LNG price slide boosts flow to Europe
17 OCTOBER 2018 16:11

17 October 2018 | Alex Froley, ICIS LNG Analyst

Read
European gas tightens spread to Asian spot LNG
20 SEPTEMBER 2018 18:15

20 September 2018 | Alex Froley, ICIS LNG Analyst

Read
Asia Chemicals Outlook 2017 Series
05 SEPTEMBER 2018 22:20

Expert commentaries on the likely direction of key Asian markets in early 2017

Read
US-China trade war and the impact on the petrochemicals market
01 SEPTEMBER 2018 11:21

ICIS is tracking the impact on global petrochemical markets of the broadening tr...

Read
Japan heatwave drives up spot LNG prices in Asia
20 AUGUST 2018 9:37

20 August 2018 | Alex Froley, ICIS LNG Analyst

Read