ICIS, the global commodity market intelligence provider, will expand its extensive pricing coverage for liquefied natural gas (LNG) to include Egypt and Mexico spot DES (delivered ex-ship) prices, a northwest Europe FOB (free on board) reload assessment and the ICIS MENAX, a new regional index for Egypt, Kuwait and Dubai.
These changes have will be made in light of shifting global LNG market dynamics:
“To ensure our subscribers gain visibility and transparency on these developing markets, ICIS is enhancing its reports to equip you with the pricing data you need when navigating through emerging LNG markets,” says Ed Cox, ICIS Global LNG editor.
In addition to these new assessments, ICIS will also introduce a new regional price index – the ICIS Middle East and North African Index (MENAX). The ICIS MENAX is a unique LNG price point, providing users with a daily tradable price for spot LNG delivered into Middle East and north Africa. It is calculated using an arithmetic average of the DES front month and second month ahead assessments for Egypt, Kuwait and Dubai.
The location of the Middle East and Egyptian LNG import markets between the Atlantic and Pacific basins provides an increasingly important demand centre away from core Asian and Americas markets. ICIS will pool liquidity across Egypt, Dubai and Kuwait in the MENAX index, to provide a vital reference for those taking a position in the region, which can be compared to ICIS’ other global indices.
Subscribers to our LNG markets report will now gain access to this new pricing data, as well as:
ICIS delivers independent and highly regarded coverage for global LNG markets, ensuring that you are able to strengthen your position in price negotiations and optimise profitability. Our daily and weekly reports include:
On top of recent additions, our daily and weekly LNG reports ensure you have the information you need when navigating through this highly dynamic market, by providing:
Extensive LNG spot price assessments
Regional spot indices
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.
ICIS is a division of Reed Business Information, part of RELX Group plc.
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