26 February 2015 -- ICIS, the leading provider of pricing and market information on the global liquefied natural gas (LNG) market, has launched a new coverage of the emerging gas market in Australia, which will be published weekly within the ICIS LNG Markets Daily report.
With LNG exports set to take off from the Queensland port of Gladstone in 2015, as three new production plants are expected to come on line this year, Australia remains poised to become one of the world’s largest LNG exporters. This massive new supply of LNG will not only have a significant impact on Asia Pacific markets, but also on Australian natural gas customers, as the sector becomes more competitive.
Additionally, as the Australian LNG export market gains momentum during the coming months, domestic players, whose supply contracts are expiring, will be facing very different market dynamics than previously experienced.
In order to increase market transparency in the face of challenging Australian gas market conditions, the enhanced ICIS LNG Markets Daily report will give insight into why and how prices are moving, as well as the trades that are taking place. The coverage will include domestic gas, LNG and power sectors, providing an in-depth look at local pricing dynamics and how it relates to the international pricing environment for LNG.
LNG market participants in other regions can also benefit from the new Australia coverage to discover potential trading opportunities – particularly as supply and demand balances fluctuate and/or if outages occur.
“Australia is set to emerge as the key exporter of LNG in Asia-Pacific region in 2015. LNG from Australia will become an important factor in meeting growing LNG demand in Asia. At the same time, the domestic market in eastern Australia is poised for new challenges as it prepares to compete with global demand for gas,” Roman Kazmin, editor of LNG Markets Daily, said.
To request a free sample of the ICIS LNG Markets Daily report, visit http://www.icis.com/contact/request-free-sample-weekly-lng-report
ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.
With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’s staff are journalists 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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