ICIS Heren Launches Czech Gas Market Price Assessment

Oct 18, 2010, 09:01 ET from ICIS Heren

LONDON, October 18, 2010 /PRNewswire/ -- ICIS Heren is pleased to announce the expansion of its central European gas pricing, adding to the existing assessments of Austrian and German markets.

The European Spot Gas Markets report now offers daily assessments of four contracts for the emerging Czech market.

The new coverage includes virtual hub prices with assessments of the following contracts:

Month-ahead, Front Quarter, Second Front Quarter, Front Calendar Year.

"Located in the centre of Europe and in close proximity to the Austrian and German markets, the Czech hub has great growth potential. Introducing transparency on developing markets has always been our mission. ICIS Heren is now proud to pioneer benchmark pricing on the emerging Czech market," said Katya Zapletnyuk, deputy editor of European Spot Gas Markets.

The Czech market has developed significantly since its full liberalization in 2007, with 17 suppliers currently active and about 14 companies importing gas to the country. Several pipeline projects designed to connect the Czech hub with Baumgarten and Germany - such as Gazela, LBL and Mozart - are underway. The construction of new storage facilities is aimed at serving the needs of a balancing market and daily trading.

ICIS Heren is an information service provider for gas, liquefied natural gas, power, carbon and coal market intelligence. We publish a suite of tailored reports providing news, analysis, benchmark price assessments and indices. Through our reports we aim to bring liquidity and transparency to power and gas hubs, helping you analyse the sector and make informed business decisions.

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    Contact details:

    Katya Zapletnyuk
    Deputy Editor, European Spot Gas Markets at ICIS Heren
    ICIS Heren
    Tel: +44(0)20-7911-1947
    E-mail: Katya.zapletnyuk@icisheren.com