Commodity Market Report
Europe gas infrastructure long-term outlook H2 2019
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The completion of TANAP in Turkey represents a significant milestone in the development of the European gas pipeline infrastructure. It will allow significant volumes of gas from Azerbaijan to reach other European markets through TAP. Both strings of the TurkStream pipeline across the Black Sea are complete, and flows will start in January 2020. This provides Russia with an another route into Turkey and Southeast Europe. Nord Stream 2 continues to make progress. But it will only start in mid-2020 due to a delayed delivery of the Danish construction permit. Seasonal price spreads at European gas hubs have been much higher in 2019 than previous years. This means storage/capacity owners have made significant profits from storage for the first time in several years. LNG imports to Europe have increased rapidly in 2019, driven by low LNG prices. High LNG imports are expected to continue out to 2021 as a glut in global LNG supply continues.
Table of contents
- Import pipeline developments
- European pipeline developments
- Baltic / Central Europe interconnectors
- Transportation tariffs
- Historical capacity developments since 2010
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Capacity outlook
- Existing infrastructure
- Recent terminal developments and infrastructure under construction
- Proposed terminals and expansions
- FSRUs
- Transhipments and reloads
- Other services
- Example of tariff calculation: Montoir
Tables and charts
This report includes the following images and tables:
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Existing gas storage infrastructureEurope gas storage summary table 2019Regulation of gas storage in different markets
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European storage capacity vs days' coverStorage closuresDays' storage cover by country 2019Aggregate European storage capacity outlook H2 2019Cumulative Storage Capacity Change bcmProjects under construction or plannedActive conventional scale regasification terminalsRegas capacity by countryHistoric Utilisation
- 4 more item(s)...
What's included
This report contains:
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