Europe indigenous gas supply long-term outlook H2 2018 Report

Commodity Market Report 31 January 2019

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What’s the key takeaway from this report?

Why buy this report?

Understand Europe’s supply scene and identify the potential upside for European indigenous gas production over the long-term
Identify likely areas for investment growth and key projects to watch
Get supply, demand and market analysis from our global team of experts, including an up to date view of Europe’s production profile, with detailed information on projects by country.

Indigenous supply in Europe

Report summary

European indigenous gas production declines through our forecast but there are bright spots across the region and companies continue to invest heavily in exploration and production. Both frontier acreage and mature regions are showing results. 2018 saw immature West of Shetland record the UK's biggest find in a decade, only to be outdone this month by a 1.5-tcf discovery in the ageing Central North Sea. They both highlight the potential for quality finds still to be uncovered. But over the long-term, investment will compete with low-cost proven reserves in other regions, and political and regulatory hurdles will need to be addressed to encourage sustained investment in Europe.

Diminishing gas output exacerbates Europe's long-term import reliance, but mega finds in 2018 provide future hope
Is it all over for exploration in the Netherlands?
Romania's Black Sea: fiscal changes risk future competitiveness
Cyprus is pivotal for development options in the East Med
Could investment bolster growth in the UK?
Norway remains the bedrock of indigenous European supply.
Prospects in smaller producing countries
Unconventional supply
Future challenges and opportunities