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European gas price outlook: 12 months ahead (Q1 2015)


European gas price outlook: 12 months ahead (Q1 2015)

Report summary

Spot prices are expected to remain sustained at US$8/mmbtu throughout Q1 - following a period of maximised storage withdrawals more Russian gas will be required towards the end of Q1. High storage injection requirement through the summer will result in a growing call on Russian gas, including spot volumes, sustaining prices at US$7/mmbtu, consistent with the coal to gas switching cost in the UK. In Q4, cheaper Russian contract gas will result in European spot prices falling below US$7/mmbtu.


What's included?

This report includes 1 file(s)

  • European gas price outlook: 12 months ahead (Q1 2015) PDF - 300.65 KB 5 Pages, 0 Tables, 4 Figures

Description

This Gas Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

We provide 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
  • Introduction
    • Gas supply Q1 2015 - Q4 2015
      • LNG imports - rest of Europe (included in analysis)
      • LNG imports - Southern Europe (NOT included in analysis)
      • Indigenous gas including Norway
      • Non-Russia pipe imports
    • Gas demand Q1 2015 - Q4 2015
      • European demand
      • Ukraine call on gas through Europe
      • Europe spot price outlook

In this report there are 4 tables or charts, including:

  • Executive summary
  • Introduction
    • Chart 1 - European net LNG imports
    • Chart 2 – Contestable demand: European demand* vs indigenous production and non Russian imports
    • Chart 3 - Russian imports and storage*
    • Chart 4 - European spot (NBP) vs Russia contract
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