Commodity market report

Europe gas markets long-term outlook H1 2016

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Report summary

The European gas market is going through profound changes, driven by policy decisions and a backdrop of challenging market fundamentals, including the recent fall in oil price. The on-going Russia-Ukraine crisis adds further uncertainty. How these changes play out will dictate how the European market - and ultimately prices - will evolve. Wood Mackenzie believes that a significant tipping point has been reached, whereby Russia is now incentivised to pursue market share in European gas markets. This is due to a combination of greater LNG supply availability to Europe, lower coal prices and a higher US gas price.

What's included

This report contains

  • Document

    Europe gas markets long-term outlook - H1 2016.xls

    XLS 1.55 MB

  • Document

    Europe gas markets long-term outlook H1 2016

    PDF 974.74 KB

  • Document

    Europe gas markets long-term outlook H1 2016

    ZIP 1.27 MB

  • Document

    Executive summary

    PDF 80.17 KB

  • Document

    Economic outlook

    PDF 80.62 KB

  • Document

    Policy and regulation

    PDF 198.96 KB

  • Document

    Demand

    PDF 125.95 KB

  • Document

    Supply

    PDF 101.69 KB

  • Document

    Infrastructure

    PDF 522.79 KB

  • Document

    Contracts

    PDF 93.80 KB

  • Document

    Costs

    PDF 86.18 KB

  • Document

    Supply-demand balances

    PDF 168.11 KB

  • Document

    Risks and uncertainties

    PDF 57.03 KB

Table of contents

Tables and charts

This report includes 33 images and tables including:

Images

  • Q1 2016 GDP growth (2010-2035)
  • Energy Union package
  • Gas demand by sector
  • Domestic gas supply
  • Key infrastructure
  • NW Europe delivered cost curve
  • Southern Europe delivered cost curve
  • Capacity growth by fuel*
  • Power generation mix*
  • Regas capacity by status
  • Regas capacity and contracted volumes
  • Pipe capacity
  • Pipe capacity and contracted volumes
  • Europe supply-demand gap
  • Europe contestable demand and competing supply
  • Europe demand and supply mix
  • Europe contestable demand and supply mix
  • Russia contracted and uncontracted flows into Europe
  • Russia flows by major pipelines into Europe
  • Norway contracted and uncontracted flows into Europe
  • Norway flows by major pipelines into Europe
  • Algeria contracted and uncontracted flows into Europe
  • Algeria flows by major pipelines into Europe
  • Turkey demand and supply (including transit)
  • Southern Corridor flows (transiting Turkey)
  • Contracted and flexible LNG flows into Europe by importing regions
  • Total LNG flows into Europe by importing regions
  • Contracted and flexible LNG flows into Europe by exporting regions
  • Total LNG flows into Europe by exporting regions
  • Carbon emissions forecast versus targets - EU 28

Tables

  • EU Energy Security Package
  • EU Third Energy Package
  • EU climate-energy targets

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