Insight
Europe energy: what to look for in 2019
Report summary
Europe's energy markets sees a series of events come to a head in 2019. Q1 will see top-user Germany develop a position to phase coal out from its power mix to the upside of gas and LNG. Brexit - deal, no deal or no idea? - remains the region's biggest uncertainty; the UK's exit from the EU on 29 March will have wide-ranging impact on cross-border trading of gas, LNG and power. Benefiting from political support, regas FIDs could materialise, mostly FSRUs, but it will be market realities to determine whether they are used. Indigenous supply is on one trajectory in 2019, but with drilling scheduled in the Norwegian Barents Sea and Cypriot East Med, the scene may be set for future rewards. The Ukraine-Russia transit and supply contract will expire 2019-end. A deal may still be brokered but Ukraine transit will fall as Nord Stream 2 and TurkStream come online. Wherever it comes from, Russia's piped gas will be competing with a well-supplied LNG market that will pressure prices in Europe.
Table of contents
- Germany's 'Coal Commission' – reshaping the energy mix
- Brexit – no-deal remains a possibility
- Regas FIDs – not just about utilisation
- Indigenous supply will fall again but 2019 can bring hope for the future
- Ukraine transit contract expires – what next?
- Oversupply – not in doubt, it's definitely coming
Tables and charts
This report includes 2 images and tables including:
What's included
This report contains:
Other reports you may be interested in
Insight
Metals and mining - scrap research
Wood Mackenzie's scrap research - a simple way to access our insights on the circular economy for metals.
$1,050
Commodity Market Report
Global thermal short-term outlook September 2023
High and low-CV prices on rise supported by demand
$5,000
Insight
Global coal M&A September 2023: Miners capitalize on record pricing, fueling deal revival
ESG commitment and strategic positioning will drive deal making
$1,100
