ICIS enhances European gas benchmarks with launch of US dollar contracts

27 March 2017

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

ICIS is an independent price reporting agency focusing on global energy, petrochemical and fertilizer markets, and we have covered the complex UK electricity market for nearly two decades. Every day, we assess electricity contracts for more than 40 different delivery periods in the UK market alone. The analysis and data that we produce is widely used as a reference price in energy contracts. It is our aim 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. 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. ICIS is a division of Reed Business Information, part of Reed Elsevier Plc.

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. ICIS is a division of Reed Business Information, part of Reed Elsevier Plc.

About Reed Business Information RELX Group

Reed Business Information provides information, analytics and data to business professionals worldwide. Our strong global products and services 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, a world-leading provider of information and analytics for professional customers across industries. http://www.reedbusiness.com

About RELX Group RELX Group

RELX Group is a world‐leading 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 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. The total market capitalisation is approximately 30.7bn GBP / 35.4bn Euro / 38.2bn USD. www.relx.com

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