ICIS Heren Launches Several New Price Series in Fortnightly Gas Publication

LONDON, October 14, 2010 - ICIS Heren is pleased to announce the launch of several new price series
in its European Gas Markets report.

The publication now carries, for the first time, an 18-month forward
curve assessing the value of long-term gas supply contracts into Europe. The
value of pipeline contracts into Germany from the Netherlands, Russia and
Norway is assessed, along with the Algerian LNG contract price into Spain.

The new price series respond to the changes in long-term contract
structures in the last year and aim to give companies a practical guide to
the typical value of these contracts on the forwards market.

"Given the volume of gas still traded on long-term contracts and their
influence over the traded hubs, these assessments are vital for anybody
analysing or trading European OTC gas markets," said Ben Essex, lead energy
analyst at ICIS Heren.

The assessments are sourced from individual contract details as well as
analysis of visible price data that allows us to imply a "typical" formula
for some of Europe's largest volume import points.

The increasing flexibility of supply contracts and diversity of formulae
have made assessments of individual contracts less relevant. As well as
larger numbers of competitors downstream sourcing gas from the upstream,
there has been a sharp shift towards spot price indexation in many contracts
since the end of 2009.

"The traditional preference for oil indexation - that has stymied the
evolution of long-term contract pricing towards gas indexation - is changing.
Our new quotes apply a methodology that reflects these ongoing changes," said
James Allpress, managing editor of European Gas Markets.

European Gas Markets has launched its new contract prices series to
enable companies to navigate the shifting contract environment in a more
practical way.

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.

If you want to receive a free copy of an ICIS Heren gas report, copy this
link into your browser:

bit.ly/aGCQyd

For more information visit www.icis.com/heren

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    Contact details:

    Ben Essex
    Lead Energy Analyst at ICIS Heren
    ICIS Heren
    Tel: +44(0)20-7911-1931
    E-mail: ben.essex@icisheren.com

Ben Essex, Lead Energy Analyst at ICIS Heren, ICIS Heren, Tel: +44(0)20-7911-1931, E-mail: ben.essex at icisheren.com