MOSCOW, November 24 /PRNewswire/ --
Platts, a leading global provider of energy and commodities information and a division of The McGraw-Hill Companies (NYSE: MHP), today announced it is joining forces with Interfax Information Services Group, a leading source of real-time business news from Russia and the CIS, to launch EnergoScan-Interfax & Platts (http://www.energoscan.ru), a new Russian-language publication serving the needs of Russia's energy, business, and financial communities.
"The Russian government's decision to deregulate some energy prices by the use of exchanges has spurred an unprecedented demand for timely information on energy markets both inside and outside the Russia/FSU region," said Ekaterina Troshinkina, Platts Russia/FSU Regional Business Manager. "This transition has spawned the need for EnergoScan-Interfax & Platts, which we believe will meet the demands from energy producers and users, alike, for reliable, timely news and physical market price information across the entire energy spectrum."
As the region's energy pricing becomes more market driven, correlations between Russia's energy prices and existing European and global benchmarks are expected to narrow. And via EnergoScan-Interfax & Platts, the region's fuel buyers and traders will now have access to not only weekly averages of Platts price assessments of Russian Urals crude oil, Russian High Sulfur Fuel Oil, and diesel and gasoline, but also to key regional and European price assessments in electric power, natural gas, coal and petroleum products.
"EnergoScan-Interfax & Platts aims to be an essential business resource by helping industry participants make better, informed trading and investment decisions and facilitating greater transparency and efficiency in markets," Troshinkina said.
In addition to current and historical price data from Platts, the new electronically-delivered weekly will include news, surveys, supply and demand fundamentals, commentary and more on the region's integrated power generation market.
"As the region's leading real-time source of business news, we're pleased to join forces with Platts, the recognized global leader in benchmark pricing, to offer this unique business tool at such an important time in Russia's energy market evolution," said Yuri Pogorely, Deputy General Director, Financial & Business Information Services of the Interfax Group.
Established in 1989, Interfax Group brings together a network of national, regional and specialized news agencies operating throughout Russian and other CIS countries, as well as in China and Central Europe. Co-headquartered in Moscow and London, Interfax provides more than 100 services to companies, banks, financial market participants, investors, media organizations and government agencies. These include news, stock market information, analysis, databases, ratings, credit reports and IR services.
For more information on EnergoScan-Interfax & Platts or to subscribe, contact Platts in Moscow by calling +7(495)-783-41-49, faxing +7(495)-783-4142, e-mailing info_ru@platts.com, or online at http://www.energoscan.ru.
About Platts:
Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy and commodities information. With nearly a century of business experience, Platts serves customers across more than 150 countries. From 17 offices worldwide, Platts serves the oil, natural gas, electricity, nuclear power, coal, emissions, petrochemical, shipping and metals markets. Platts' real time news, pricing, analytical services, and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better trading and investment decisions. Additional information is available at http://www.platts.com.
Russia: Ekaterina Troshinkina, Platts, +7-985-7647970, Ekaterina_troshinkina@platts.com or Galina Vorontsova, Platts, +7-495-783-4092, galina_vorontsova@platts.com or Yuri Pogorely, Interfax, +7-985-920-66-06, yp@interfax.ru; U.S.: Kathleen Tanzy, +1-212-904-2860, Kathleen_tanzy@platts.com
