The policies and processes reviewed were designed by Argus in 2009 to comply with policy statements of the US Federal Energy Regulatory Commission (FERC) in 2003-05 for the development of natural gas and electricity indexes. The policies cover governance, control, quality, integrity and conflict management in relation to natural gas indexes.
In Natural Gas Docket No. PL03-3-004, FERC staff encouraged index developers to complete arrangements for annual process audits that include some component of external review, and to share the results of this review with the companies submitting their trade data for inclusion in the published indexes.
Argus' natural gas price assessment methodologies are available here.
About Argus Media
Argus is an independent media organisation with almost 1,100 staff. It is headquartered in London and has 26 offices in the world’s principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets and offers bespoke consulting services and industry-leading conferences.
Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.
Argus was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders, global growth equity firm General Atlantic and Hg, the specialist software and technology services investor.
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