ICIS Launches Enhanced European Spot Gas Coverage

Aug 21, 2012, 09:26 ET from ICIS

LONDON, August 21, 2012 /PRNewswire/ --

ICIS, a trusted provider of European spot gas benchmark pricing information, is widening its price reporting coverage, and will now provide readers with an additional 33 price assessments and indices for seven continental hubs, including the Dutch TTF, both German hubs and the Austrian CEGH.

The enhanced gas coverage has been developed in response to the ongoing expansion of the spot gas markets in Europe, both at established hubs and in emerging gas markets.

Users of the enhanced coverage will benefit from access to 11 new assessments for the Dutch TTF hub, including additional month-ahead, quarter-ahead and season-ahead prices. With this new coverage, ICIS now provides the widest range of TTF price points in the market. A monthly index for the Italian PSV and a unique day-ahead assessment for the Czech market offers readers greater access to developing markets.

Ed Cox, editor of European Spot Gas Markets, said: "The Dutch far curve has seen a real growth in liquidity recently, and it is a significant move for ICIS to expand our price assessment coverage so that it is in line with the NBP. We see fresh opportunities for price discovery across many European gas markets and, as usual, will lead the way in publishing new, reliable prices."

ICIS has developed the enhanced gas coverage to provide a complete market view on European price movements, and aid readers in making sound business decisions.

Find out more about ICIS gas market coverage, visit our website >>

About ICIS

ICIS is the most widely used gas price benchmark provider for Europe. We have the longest history of proprietary European gas market prices, and are considered pioneers in bringing transparency to new markets. We have a large, specialised reporting team. ICIS gas prices are referenced in a wide variety of long-term and short-term contracts, floating spot price deals and retail products across Europe. They are used by governments and regulators in Europe.

ICIS is also the world's largest petrochemical market information provider, with over 600 employees across 12 global locations. It is a division of Reed Business Information - owned by global publishing house Reed Elsevier PLC. The ICIS business is built on providing companies in global commodities markets with trusted pricing data and high-value news and analysis, enabling them to make better-informed trading and planning decisions.

For further details and comment please contact:
Karin Hausmann