ICIS Launches New Online Platform to Provide Free Information on the Small-Mid Scale LNG Sector

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May 27, 2015, 01:59 ET

SINGAPORE, LONDON and HOUSTON, Texas, May 27, 2015 /PRNewswire/ --

ICIS, an independent and trusted source of market intelligence on the global liquefied natural gas (LNG) market, has launched the ICIS small-scale LNG (ssLNG) portal, a free web-based platform, to provide in-depth coverage of the small-mid scale LNG sector.

ICIS Logo (PRNewsFoto/ICIS)

(Logo: http://photos.prnewswire.com/prnh/20150511/743802 )

Focused on the European small-mid scale LNG value chain but with a window on global developments, the portal offers real-time news and pricing reports, as well as expert analysis into the emerging markets for marine and trucked LNG.

Regulatory changes are driving a number of industries to make the switch to LNG for both environmental and economic reasons. Dedicated infrastructure under construction is encouraging further investments and ever more market participants.

"The building blocks are in place for strong growth in small-mid scale LNG. Whether for bunkering sea-going ships, in inland waterways, or for use in road transport via trucked cargo or truck fuel, or simply for off-grid industries, there has been growing demand in Europe year in and year out," says ICIS deputy global LNG editor, Ludovic Aldersley.

Yet numerous challenges continue to block key prospective stakeholders and hinder market development.

The ICIS ssLNG portal aims to reduce some of these challenges by providing transparent market intelligence and key price references. It boasts a conversion tool facilitating volumetric and price comparisons across competing transport fuels, as well as incisive news and analysis of underlying market fundamentals.

ICIS has a long history of providing price transparency from the onset of gas market liberalisation in northwest Europe. Our benchmark gas prices are used in a number of small-mid scale LNG delivery contracts in the region.

Confidently navigate small-mid scale European LNG markets, with reliable data and insight helping users benchmark contract negotiations and make informed decisions. This reliable web-based resource from ICIS is an essential tool for ship and truck owners, fuel suppliers, ports and consultants looking to understand and keep up with industry developments.

"Critical market mass is approaching and it is only a matter of time before the aggregated small-scale LNG markets of northern Europe surpass a 4 million tonne per annum milestone. However, the endgame is much larger and not only in Europe, but also globally. As LNG availability and price misinformation still remains a barrier to market development, this portal should be a useful resource to all prospective and active market participants, and provide further impetus for market growth," Aldersley adds.

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 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, Dubai, 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 Reed Elsevier Plc.

About Reed Business Information

Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global brands 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 plc, a world-leading provider of information solutions for professional customers across industries.

http://www.reedbusiness.com

For further information about this release, please contact:

Ludovic Aldersley
Global LNG Deputy Editor, ICIS
Email: [email protected]
Direct: +44(0)20-7911-1952

Aileen Wang
Senior Marketing Executive, ICIS
Email: [email protected]
Direct: +65-6780-4339

SOURCE ICIS