We use cookies on the public areas of our website. They let you easily navigate your way around the site and allow us to improve its performance, or even recommend content we believe will be of most interest to you. By continuing to browse the site you are agreeing to our use of cookies. If you would like to learn more about how we use cookies and how you can manage them, see our Privacy & Cookie Policy.
The market value of gas storage is to a large extent determined by the summer-winter spread of gas prices. In recent years these spreads have fallen to levels where some storage operators/owners are struggling to cover their annual operating costs. This has contributed to 8 bcm of capacity being closed or mothballed in Europe since 2010, despite overall capacity in the region growing by 18 bcm.
Wood Mackenzie has carried out some sensitivity analysis, reducing storage capacity by 25% in north west Europe to see what the impact on price spreads might be. We have also assessed what the price impact of a particularly cold winter might be under these conditions.
What's included?
This report includes 2 file(s)
European gas storage operators under pressure PDF - 447.87 KB 9 Pages, 3 Tables, 5 Figures
Storage data.xlsx XLSX - 1.01 MB
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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
Having Wood Mac analysis is table-stakes. Others are nice to have.
Analyst Metal Mining Producer
Wood Mac has the highest quality data and is demanded by our staff.
Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
Contact Us
Insight | Aug 2017
European gas storage operators under pressure
Have questions? Just let us know how to contact you and we will respond to you as soon as possible.
