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.
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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.
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