Natural Gas Intelligence (NGI), a leading Price Reporting Agency (PRA) covering the North American natural gas market since 1981, has successfully completed its annual audit for 2023 pertaining to the processes and procedures for compiling NGI’s Daily, Weekly and Monthly (Bidweek) natural gas price indexes.
NGI is proud to announce that no exceptions were found. A link to the audit report can be found here.
The goal of the audit, conducted by accounting firm Barnes, Dennig & Co. Ltd., was to evaluate whether NGI’s published indexes were in accordance with policies and procedures detailed in NGI’s Price Index Methodology & Code of Conduct. The document includes policies on collection of data, the provenance of data, verification of exclusions and assessments rationale, as well as recordkeeping and accuracy of computations.
“NGI takes its role in price transparency seriously and continues to work with FERC, the Intercontinental Exchange (ICE) and our many price data providers, to stay ahead of changes in the marketplace and to enhance the price indexes that we offer,” said NGI’s Executive Publisher Dexter Steis. “We are pleased to complete another annual audit that serves as confirmation that we are complying with NGI’s stated policies and best practices for PRAs as set forth by the Federal Energy Regulatory Commission.”
About Natural Gas Intelligence
Believing that transparent markets empower businesses, economies and communities, NGI provides natural gas price transparency and key news, insights and data for the North American energy markets.
Through its offering of Subscription Services, NGI provides daily, weekly and monthly (Bidweek) price indexes for more than 160 locations throughout the United States, Canada and Mexico. Since 2008, NGI has greatly enhanced the liquidity of its indexes through a perpetual partnership with Intercontinental Exchange (ICE), providing for the inclusion of ICE trade data in its proprietary price index determination process. NGI also produces natural gas forward curves out 10 years, Mexico and U.S. shale prices, as well as indicative liquefied natural gas (LNG) netback pricing as part of its LNG Data Suite.
Alongside these key market price transparency data offerings, NGI provides a suite of news and information services in English and Spanish to help businesses across the global value chain make decisions. NGI’s founder Ellen Beswick identified 40 years ago that the natural gas market in North America needed someone to tell its story. Still a family-owned and operated business, NGI is made up of a strong team of thought leaders and professionals strategically positioned throughout the Americas who are committed to continuing telling that story. For more information, Contact Us.
