ICIS, a trusted provider of European natural gas benchmark prices and market intelligence, this week celebrates the 20th anniversary of the launch of its daily European Spot Gas Markets (ESGM) report and the Heren Index.
Since its launch in March 1995, ESGM has provided the energy industry with independent and trusted pricing information as well as in-depth analysis on price drivers, authoritative commentary on each day’s trading activity and daily news.
The price assessments and indices published in ESGM are some of the most widely traded and referenced price benchmarks across the European gas market, enabling participants to trade with confidence.
This started in 1994 when Patrick Heren launched price assessments of the British wholesale gas market, closely followed by the Heren Index, a daily volume weighted average of British physical gas trades. Trading activity on the British market steadily rose following the creation of the virtual NBP hub in 1996 and ESGM quickly established itself as an essential and reliable trading tool for market participants.
ICIS has been the first company to bring price transparency in every new liberalised gas market in Europe, initially at the Zeebrugge hub in Belgium in 1998 to the Dutch TTF, through to emerging gas markets in Turkey and Spain.
Christopher Flook, Managing Director at ICIS said:
“ICIS pioneered bringing price transparency to European gas markets. Since 1994, and as trade has spread globally, it has adopted the same principles to its coverage of new gas markets in Asia, the Americas and Australasia.”
ESGM has evolved from publishing one price assessment and index in 1995 to the current 186 assessments and 64 trades-based indices across the British NBP, Dutch TTF, German NCG and GASPOOL, Belgian Zeebrugge, French PEG Nord, Sud and TIGF, Italian PSV, Austrian VTP, Czech VTP, Spanish AOC and Turkish UDN markets.
For media inquiries, contact:
Head of Gas
T: +44 020 7911 1786
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.
Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.
RELX Group plc is a world-leading provider of information solutions for professional customers across industries.
We help scientists make new discoveries, lawyers win cases, doctors save lives, and executives forge commercial relationships with their clients. We help insurance groups offer customers lower prices by assessing risk better, and save taxpayers and consumers money by enabling governments and financial groups to detect fraud.
React quickly to real-time breaking news and maintain your competitive advantage in this dynamic industry.
ICIS news provides you 24 hour global coverage. Our expert editors bring you the latest market moves, capacity, shutdowns, analysis, data and more for over 180 commodities.
The service is reliable, independent, authoritative and customized to your needs.
Price assessments, indices, news and analysis for the oil, gas, liquefied natural gas, carbon and coal sectors.