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Europe energy in brief

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05 December 2019

Europe energy in brief

Report summary

The Europe energy in brief provides the latest Wood Mackenzie view on key issues across all fuels in the region. Our experienced industry analysts collaborate with colleagues across sectors to develop our objective, proprietary analysis. Our coverage of the region, across fuels, is integrated with our global analysis to provide unrivalled insight and enable us to fully explore implications for market participants.

Table of contents

  • Fully-booked capacity at Montoir demonstrates high demand for Europe regas
  • Storage utilisation at low levels despite record inventory
  • PGNiG plans to expand small-scale LNG offering
  • Ceremony marks full completion of TANAP pipeline – the heart of Europe’s Southern Gas Corridor
  • Spain’s PVB trades at historic lows
  • Ukraine’s first LNG cargo arrives in Poland
  • Final furlong for fossil fuel financing?
  • UK government ends support for fracking in England
  • Nord Stream 2 receives Danish construction permit
  • Where next for European gas storage?
  • Turkey sends drill ship to disputed waters
  • Romania could take stake in new Greece LNG importing terminal
  • Sonatrach, Naturgy to jointly own Medgaz pipeline
  • One month after OPAL restrictions, why is Nord Stream still flowing at capacity?
  • UK offshore wind is subsidy-free(!)
  • 24 hours of turbulence add to winter uncertainty
  • French Engie sells off Shah Deniz gas contract to Shell
  • Groningen gas production to stop in 2022
  • Russian LNG threatens Russian piped gas market share in Estonia
  • Qatar takes all of Belgium's regas capacity ahead of LNG expansion
  • CEE countries diversify their gas imports: a side-effect of global LNG over-supply
  • Another European utility targets E&P exit
  • European gas storage – filling up fast!
  • Europe top destination for US, Russia's Yamal LNG in H1
  • Russian exports: summer maintenances highlight need for continued Ukraine transit
  • Cyprus LNG import plans progress
  • Petronas latest to sell European regas infrastructure
  • TANAP and TAP milestones maintain Southern Gas Corridor momentum
  • Pavilion Energy takes over Iberdrola's LNG business
  • Enel-Sonatrach contract extension to 2027 sees volumes halved
  • Poland increases Norwegian exposure, US LNG offtake
  • Turkey's newbuild FSRU on the water
  • Bulgaria accesses cheaper gas through LNG imports
  • German onshore tender undersubscribed as wind additions slump in 2019
  • Eni-Sonatrach contract extension sees up to 30% ACQ reduction
  • Opportunity for gas as low rainfall curbs hydro
  • Bulgaria pipeline construction imminent – completion schedule remains at risk
  • Algeria pipeline flows collapse
  • Carbon bull run supports coal-free Easter Weekend
  • Baltic small-scale market targeted by start-up of NOVATEK LNG plant
  • Baltic LNG dealt blow as Shell exits Gazprom project
  • Ukraine takes important step towards gas transmission unbundling
  • A year after record lows, winter's end sees close to record high storage inventories
  • Nord Stream 2 encounters another hurdle
  • Expansion, divestment and state support – a regas round-up
  • Increasing utilisation triggers possible Netherlands LNG capacity expansion
  • UK backs offshore wind through the 2020s
  • European gas storage utilisation drops sharply in February
  • Groningen — to shut in as early as 2024?
  • Germany LNG import plans progress
  • EU reaches agreement to regulate Nord Stream 2
  • UK's first fracking site reports stable flows of 0.1 mmcfd
  • Croatia to become Europe's latest LNG importer following FID
  • Spanish hydro reserves accumulate, but still run short of 5-year average
  • The UK makes largest gas find in a decade (for the second time in 4 months)
  • ExxonMobil backs German LNG project with non-binding capacity booking
  • Gazprom offers day-ahead gas through its online auction, builds on 2018 progress
  • Did 2018's end see Europe catch the start of the much-awaited LNG over-supply?
  • Trans Adriatic Pipeline (TAP) completes project financing
  • Gazprom contract under threat as Poland cements gas, LNG deals
  • FSRU sees Russia become LNG importer as well as exporter
  • Norway's Aasta Hansteen field comes onstream
  • Europe regas developments highlight different needs
  • Interconnector Greece-Bulgaria (IGB): European Commission approves funding
  • Implementation of France gas zones merger highlights wider gas and LNG impact
  • Ukraine transit remains key to compensate for Nord Stream maintenances
  • RWE capacity booking provides momentum to German LNG terminal
  • Is coal-to-gas switching in the European power sector still out of reach?
  • France's single gas hub on track for 1 November start
  • Poland ramps up LNG importsas end of Russian piped contract looms
  • WTO ruling backs EU on Third Energy Package dispute with Russia
  • Lire devaluation shuts in Turkish power production
  • Gazprom breaks export record... again
  • Romania's new offshore law aims to increase revenue, boost energy independence
  • Poland signs long-term contracts for US LNG to replace Russian piped gas
  • Cyprus plans to commission FSRU by 2020
  • TANAP section hits commissioning stage on time, under budget
  • Expectations of market tightening swing carbon price sentiment
  • Spain hopes for increased use of LNG facilities through law change
  • Gazprom's pragmatic capitulation in EC antitrust ruling
  • The wind of change blows through Poland's power mix
  • AlexandroupolisLNG terminal delay
  • Germany awards second round of offshore wind: one more step towards transition
  • France introduces new storage tariffs
  • Challenging market conditions test the resolve of large gas generators
  • Snam, Enagas and Fluxys win DESFA bid
  • Total confirms energy market ambitions with Direct Energie deal
  • Northwest Europe regas terminals come out of hibernation
  • Further Flamanvilleconstruction issues may push up cost, delay start
  • Belgium to phase out nuclear generation by 2025
  • Edison to spin off oil and gas unit
  • Europe's largest gas field to shut-in by 2030
  • Poland delivering new coal-fired power as decarbonisation slips
  • European gas storage eaten up by the 'Beast from the East'
  • How reliant is the UK on Russian gas and how quickly can it attract LNG?
  • E.ON-RWE deal on Innogy: a tale of two utilities
  • Germany's new coalition raises the bar on energy transformation
  • Did coal just rescue the UK gas market?
  • The Rain in Spain - continued
  • DESFA sale moves forward
  • Gazprom to end Ukrainian transit contract
  • Yamal LNG - is Europe just a stopover?
  • Could Eni's discovery in Cyprus spur further interest in the proposed East Mediterranean Gas Pipeline?
  • EdF proposes nuclear shutdowns from 2029
  • Dutch governmentadvised to cut Groningen production by45%
  • Dortyol FSRU – waiting to connect
  • Coalition talks in Germany push forward renewable ambition
  • Groningen field facing further production cuts
  • Norway revises gas production estimates up to 2022
  • French regulator approves TSO’s 2018 investment plans, looking forward to the single gas market
  • Russia's gas exports to Europe set to continue at record levels in 2018
  • An update on Gazprom vs Naftogaz
  • Algeria Southwest Phase 1 gas onstream before Christmas
  • Gas Explosion at the Baumgarten gas hub
  • UK gas marketproves resilient
  • Forties Pipeline System shutdown restricts UK associated gas production
  • EDF to invest in thesecond transition of French power
  • LNG re-exportssurge on high Asian prices
  • ARA coal price to remain buoyant through winter
  • French players reshuffle the cards on LNG
  • Europe on the cusp of ETS post-2020 agreement
  • France delays 50% nuclear target beyond 2025
  • European Gas Storage Inventory well above average in 2017
  • How bright is the future of nuclear power in the UK?
  • Scotland says no to unconventional oil & gas
  • Hansa Hydrocarbons confirms big Ruby discovery, offshore Netherlands
  • Centricaconfirmsapproval to deliverRough cushion gas
  • Gazprom’s gas production up 54 bcm in first 3Q
  • Gazprom set to export record levels of gas to Turkey
  • Algeria Breakfast Briefing and positive news for Algerian gas supply
  • Storage plays key role during Nord Stream maintenance
  • London Gas, LNG and Power forum 2017: beyond the market consensus
  • UK Contracts for Difference results – wind bids breeze under nuclear
  • Statoil's Korpfjell underwhelms in the southeast Barents
  • Statoil's End if the ICE age? Europe's shift from oil to electric-powered vehicle
  • Russian finance powers new nuclear in Hungary
  • Russian Gazprom retains 33% market share in Europe, Turkey H1 2017
  • Will French nuclear output recover from last winter's outages as new safety probe is announced?
  • Statoil ups ante in world's largest offshore wind farm
  • New US sanctions against Russia signed into law
  • Spain ramps up renewables development with 8 GW of projects awarded this year
  • Algerian gas flows down as Southern Europe demand strengthens
  • Gazprom likely to boost Nord Stream flows following OPAL court ruling
  • Imports at record low as UK receives first US LNG cargo since 1960
  • Gazprom flows rise 11% to Northwest Europe in H1 2017
  • Qatar targets 100 mmtpa LNG exports
  • Statoil increases Troll production cap
  • US LNG navigates to northern Europe
  • German gas plants gain advantage over coal, but both still struggle against renewables
  • Spanish hydro reserves hit record low forcing greater gas demand
  • Rough closure – UK caught short
  • Turkey accelerates FSRU development
  • UK backs out coal while wind and solar share reaches new high
  • DONG Energy delivers on offshore wind
  • Groningen production set to fall again
  • Nord Stream 2 financing scheme announced
  • Algeria focused on maintaining European gas exports
  • Libya gas field shut-in disrupts Italy exports
  • Further problems for European gas storage in Germany, Austria, UK
  • Green light for Denmark North Sea development
  • Subsidy-free offshore wind blows into Europe
  • Power supply highlights Q1 2017
  • Liberalisation of the Latvian gas market
  • Russia, Belarus settle gas price dispute
  • Continued progress towards agreement on ETS strengthening
  • European Commission publishes Gazprom commitments in antirust case
  • Gas storage operators warn of closures
  • Is populism waning in Europe?
  • Ambitious ETS reserve measure receives backing but still has hurdles to clear
  • UK power capacity auctions deliver little new supply
  • Nuclear supply concerns not restricted to France this winter
  • Gazprom reduces OPAL flows
  • Innovative deals and near-field exploration result in positive start to 2017 in UK, Norway
  • Denmark gas field closure

Tables and charts

This report includes 76 images and tables including:

  • Europe monthly LNG send out
  • November Storage Utilisation
  • PVB-TTF differential
  • Nord Stream 2 and Bornholm Island - permit applies to 'Route 3'
  • European Storage Working Gas Capacity
  • Cyprus maritime border dispute and Turkish Petroleum well locations
  • Nord Stream throughput by pipeline
  • Regional storage utilisation at 31 July (bcm)
  • Regional storage utilisation at 31 July (%)
  • US exports by destination
  • Yamal LNG exports by destination
  • Pipeline flows on the main Russian export routes in July 2019
  • Dragon LNG imports
  • Southern Gas Corridor value chain
  • Gas market share in Spain by company
  • ACQ of recently renewed long-term contracts between Italy and Algeria
  • Year-on-year change (TWh)
  • Algerian pipeline flows to Italy and Spain
  • Nord Stream 2 routes around Bornholm
  • TTF price differentials & European gas storage withdrawals Feb 2019
  • Spanish hydro reserve
  • Gazprom Export's 2018 sales on the ESP
  • European imports: LNG vs Russia pipe in 2017-18
  • Aasta Hansteen Area
  • Gate: monthly sendout and October sendout by year
  • Daily Ukraine transit to Slovakia vs technical capacity
  • European carbon and coal-to-gas switching prices
  • Swinoujscie LNG terminal monthly utilisation
  • Gazprom's exports H1 2018
  • TANAP construction progress
  • Import markets affected by antitrust ruling
  • France gas storage depleted
  • Inventory at Northwest Europe regas terminals
  • Belgium nuclear phase-out
  • Groningen production plan vs WM 2017 base case
  • New Polish coal-fired capacity
  • Europe gas storage levels
  • Where the first million tonnes from Yamal LNG landed
  • Where the cargoes ended up
  • Shipping from key LNG supply sources to Isle of Grain (UK)
  • Annual power supply in Germany
  • UK hourly gas supply mix: 25/02/2018-05/03/2018
  • Spain hydro
  • Where the first 10 Yamal LNG cargoes went
  • France power generation by fuel
  • Turkey gas demand and system capacity
  • NPD sales gas production forecasts to 2022*
  • Historical French hub prices
  • Europe gas supply mix
  • Europe gas supply mix 2017/16
  • Europe gas imports from Russia
  • UK gas supply mix - hourly 10/12/2017-13/12/2017
  • Europe LNG re-exports
  • Thermal coal price indexes history
  • How Total's expanded LNG business will look
  • French reactor fleet age profile in 2025
  • French electricity mix
  • Storage inventory for main capacity holders
  • Gazprom’s Q1-Q3 2017 year-on-year gas production increase
  • Gazprom's exports to Turkey: 2016 vs 2017
  • Gazprom's European storage usage
  • UK offshore wind CfD strike prices and baseload price
  • Gazprom exports H1 2016/17
  • Gazprom export flows
  • Gazprom export prices vs TTF
  • OPAL exit capacities
  • UK LNG imports by terminal
  • UK LNG imports by month
  • Gazprom flows to Northwest Europe
  • Troll production outlook
  • Spanish hydro reserves vs gas, coal output
  • Rough historic storage and injections, and future supply scenario

What's included

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    Europe energy in brief

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