Commodity market report
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8 Pages

European gas and power markets short-term outlook Q2 2016

European gas and power markets short-term outlook Q2 2016

Report summary

Bearish fundamentals will continue to impact European gas markets in 2016. Increasing gas demand will be met by higher volumes of Norwegian and Algerian gas. European buyers will continue to maximise Russian gas offtake, particularly in Q3 as oil-indexed prices remain low. However, increasing net LNG imports in Q4 2016 will reduce Russian gas requirements below ToP levels and apply downward pressure to prices.

This report includes an outlook for European gas balances and forecast UK gas and power prices out to Q1 2017.

What's included?

This report includes 2 file(s)

  • European gas and power markets short-term outlook Q2 2016 PDF - 324.39 KB 8 Pages, 1 Tables, 8 Figures
  • European gas and power short term price outlook Q2 2016.xls XLS - 426.50 KB


Volatility in oil markets and the growth of unconventional gas supply have created a high degree of uncertainty about future gas demand and the direction of gas prices.

This Gas Markets Short Term Outlook report forecasts future pricing, based on deep analysis of gas supply and demand fundamentals. Additionally, it addresses complex questions on gas flows, identifies future opportunities and informs fuel purchasing strategies.

Participants and investors can use this short term outlook report to understand gas markets and assess the impact of global gas dynamics and key market drivers.

Wood Mackenzie provides 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
  • Supply-demand balances
    • Introduction
      • European gas fundamentals
      • Gas demand
      • Gas supply
      • Flexible supply
  • Prices
    • European gas prices (NBP)
    • European power prices
      • Coal steps out of the UK generation mix
      • Continued power price pressure in Germany

In this report there are 9 tables or charts, including:

  • Executive summary
  • Supply-demand balances
    • Key markets data
    • Storage inventories*
    • Russian imports
  • Prices
    • Gas prices
    • Gas demand response* - coal to gas switching
    • UK base load power prices
    • UK clean spark spreads (CPS emissions costs)
    • Base load power price - Germany and UK
    • German clean spark spreads (ETS emissions costs)
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