LONDON, May 10, 2018 /PRNewswire/ --
ICIS, the market intelligence and analytics provider, has launched a new forecasting tool to meet the need for complex information required to monitor the LNG supply and its influence on global energy markets.
The LNG Supply Forecast represents a unique, events-based approach to forecasting. The two-year forwards view of the global LNG supply starts at the most granular level with forecasts for each of the world's liquefaction plants. It then uses the ICIS global reporting capability to identify all the events and news affecting supply.
Our team of global analysts calculate and quantify immediate supply impact for each of these events and make this volume change transparent on the forecast platform straight away.
ICIS Energy Product Director Louise Boddy said:
"We found that our LNG customers needed support in monitoring the world's supply events and giving a logical, data-based view on their impact in a very short timeframe. Trust was always the most important factor for our development partners and the transparency provided by this forecast builds that trust.
Being able to identify significant events and assess their impact fast is a capability we think will make a real difference to those in the global gas market who need to quantify news impact for their businesses."
Accurate forecasting is vital for LNG and gas traders and analysts; it also affects profit for utilities and integrated energy companies. Our constantly updated two-year forecast supports their market analysis and decision making process.
The new ICIS forecasting tool offers a unique forward-looking perspective backed up by robust analytical functionality that drills into the data to reveal the true impact of supply as it changes.
ICIS is the world's largest petrochemical market information provider, with divisions spanning energy and fertilizers. Our aim is to give companies in global commodities markets a competitive advantage by delivering valuable information and analytics tools which enable our customers to identify and react to opportunities in markets which are constantly evolving. We have more than 30 years' of experience in providing pricing intelligence and news, forecast data, market analytics and independent consulting to buyers, sellers and analysts.
With a global staff of more than 600, ICIS has employees based in London, Houston, New York, Singapore, Dubai, Shanghai, Guangzhou, Beijing, Mumbai, Tokyo, Karlsruhe, and Milan. ICIS' team of journalists is 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. www.icis.com
ICIS is a division of Reed Business Information, part of RELX Group.
About Reed Business Information
Reed Business Information provides information, analytics and data to business professionals worldwide. Our strong global products and services 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, a global provider of information and analytics for professional customers across industries. www.reedbusiness.com
RELX Group is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation as at 6 May 2018: £31.0bn|€35.1bn|$42.1bn. www.relx.com
Energy Product Director