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9 Pages

Asia Pacific LNG and European Spot Prices - the 14/15 Winter Outlook


Asia Pacific LNG and European Spot Prices - the 14/15 Winter Outlook

Report summary

Following a bearish summer in Asia Pacific and Europe, our attention now shifts to winter.  Will increasing Pacific LNG supply be sufficient to support Asian winter demand? And just how much LNG will be available to Europe? We have analysed global LNG fundamentals to determine the likely winter outlook for LNG balances and prices in the Pacific. Similarly, we have looked at NW European fundamentals to determine the likely winter outlook for gas balances and prices.  

What's included?

This report includes 1 file(s)

  • Asia Pacific LNG and European Spot Prices - the 14/15 Winter Outlook PDF - 344.59 KB 9 Pages, 0 Tables, 8 Figures

Description

This Gas Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

We provide detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.

If you want to understand complex gas market dynamics and plan for the future, Wood Mackenzie is the premier resource to help you gain a clear, competitive advantage.

  • Executive Summary
  • Introduction
  • Global LNG fundamentals
    • LNG supply winter 2014/15
      • Pacific LNG supply is up, driven by PNG LNG
      • Atlantic LNG supply slightly down, but Nigeria will determine outcome
    • LNG demand winter 2014/15
      • JKT LNG imports down, the result of last winter’s mild weather
      • China’s growing pains limit LNG uptick
      • SE Asia LNG imports continue to grow, India likely flat but upside
      • Brazil rainfall will determine Latin America import levels but North America expected up
      • Pacific Spot Price Outlook
      • LNG availability to Europe
      • North West Europe fundamentals
        • Demand recovery limited by new coal capacity additions
        • Storage inventories 2 bcm above average entering winter
        • Increase in UK production limited by delayed start-ups
        • Groningen production cap contributes to Dutch supply decrease
        • Norwegian supply in line with NPD forecast
        • Reverse flows to Ukraine remains large uncertainty for European pipeline exports
      • Europe Spot Price Outlook

In this report there are 8 tables or charts, including:

  • Executive Summary
  • Introduction
  • Global LNG fundamentals
    • Chart 1 - LNG Supply - YoY Change
    • Chart 2 - Net LNG Demand - YoY Change
    • Chart 3 - Pacific LNG - YoY Change
    • Chart 4 - Japan LNG Spot Price (ANEA)
    • Chart 5 - Net LNG Available to Europe - YoY Change
    • Chart 6 - European Net LNG Imports - YoY Change
    • Chart 7 - NW Europe Balance - YoY Change
    • Chart 8 - European Spot Price (NBP)
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