ICIS Launches Enhanced European Gas Service

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Apr 11, 2012, 07:41 ET

LONDON, April 11, 2012 /PRNewswire/ --

ICIS, a trusted provider of European gas benchmark prices and news, is the first information provider to offer intra-day price assessments with supporting market commentary, as well as delivering closing gas price assessments for major European gas hubs earlier in the evening.

The enhanced gas coverage has been developed in response to demand for robust, regular pricing information delivered in a timely manner. The new service will provide users with the information they need, available via our secure FTP service or a html email direct to the subscriber's inbox.

Users of the enhanced service will be able to view intra-day price assessments for the NBP, TTF and NCG (day-ahead and front-month), as well as being able to digest a brief market comment on price drivers. This will give users a head start in understanding how the market is developing throughout the day. The price assessments will be made at 11am GMT Monday-Friday and supplied to subscribers soon after.

Subscribers to the enhanced gas service will also be the first to gain access to closing price assessments, which cover all major hubs including NBP, Zeebrugge, TTF, NCG, GASPOOL, CEGH, PSV, PEG NORD, PEG SUD and PEG TIGF.

"The enhanced gas coverage is the first of its kind," said Simon Platt, Commercial Director ICIS. "It sets a new standard for the delivery of accurate European gas prices to our users. It will allow customers to have increased transparency around price movements and allow them to respond quicker to market developments."

ICIS has developed the enhanced gas coverage to deliver European pricing intelligence in a precise, timely and easy to use way, ensuring users have access to the information they need, when they need it.

For further information about the new ICIS European spot gas coverage, please visit:

http://www.icis.com/energy/channel-info-about/european-spot-gas-markets-report/?channel=energy&commodity=gas&cmpid=EMC|ENER|CHHNT-2012-0504-EURO-esgm+_pros-email&sfid=701200000004fWH

About ICIS

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 them to make better-informed trading and planning decisions.

With a global staff of more than 600, ICIS has people based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai and Perth. The team covers over 120 commodity markets and has in-depth knowledge across markets in upstream and downstream sectors in Europe, Africa, the Middle East, Asia-Pacific and the Americas.