Commodity Market Report
Europe gas prices long-term outlook H2 2018
This report is currently unavailable
Report summary
Our latest H2 2018 outlook for European gas prices across key hubs. European gas prices covered are: TTF (Netherlands), NBP (UK), Zeebrugge (Belgium), PEG (France), GasPool (Germany); PSV (Italy); and VTP (Austria). Data is accessible through the Excel file in the downloads section. Europe will experience two cycles of softening prices. LNG volumes into Northwest Europe finally picked-up in Q4 2018 and show no sign of abating. Hub prices continue to fall, exacerbated by a mild winter and high inventory levels. The market will tighten quickly beyond 2021 but our strong LNG supply FID forecast for 2019-20 will soften prices once again in 2024-26. Liquidity at NBP will be closely watched in anticipation of Brexit on 29 March. Traders may accelerate the shift to TTF if they don't want to take the extra currency risk. However, traders will be attracted by the possibility of increased volatility at NBP - especially given the lack of long-range storage.
Table of contents
- NBP-TTF
- ZEE-TTF
- PEG-TTF
- GASPOOL-TTF
- PSV-TTF
- VTP-TTF
Tables and charts
This report includes 9 images and tables including:
- NBP-TTF seasonal and annual differential
- ZEE-TTF annual differential
- PEG-TTF annual differential
- GASPOOL-TTF annual differential
- PSV-TTF annual differential
- VTP-TTF differential
- Total traded volumes
- Average churn rates
- Price formation of gas into Europe 2005-2017
What's included
This report contains:
Other reports you may be interested in
Insight
Long-term Brent price maintained at US$65/bbl – oil and gas price assumptions versus forecasts
Defining our price assumptions and methodology, their use in our tools and services, and why these are independent of our price forecasts.
$1,350
Country Report
Italy upstream summary
Southern Europe's largest oil and gas producer - Italy's oil production will exceed 100,000 b/d throughout the 2020s thanks to ...
$5,400
Country Report
Serbia upstream summary
A medium-sized mature producer - Onshore operations date back to the mid-20th century. Oil and gas output peaked at more than 40,000 ...
$3,400