Commodity market report
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21 Pages

France gas markets long-term outlook H1 2015

France gas markets long-term outlook H1 2015

Report summary

The emergence of a premium between PEG Sud and PEG Nord prompted the French regulator to implement some short term measures ahead of a north-south pipeline expansion planned for 2018. However, since December 2014, the PEG Sud (now PEG TRS, following the merger between PEG Sud and PEG TIGF) premium has disappeared following increased LNG global availability and high imports at Fos Tonkin and Fos-Cavaou, raising doubts on the commercial viability of north-south pipeline expansion.

What's included?

This report includes 2 file(s)

  • France gas markets long-term outlook H1 2015 PDF - 963.02 KB 21 Pages, 4 Tables, 19 Figures
  • France gas H1 2015.xls XLS - 762.50 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 Long 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 long 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
    • Key changes and recent trends
    • Links to related reports
  • Demand
    • Power generation
    • Residential
    • Commercial
    • Industrial
    • Other
  • Supply
  • Infrastructure
    • France-Belgium pipeline
    • Other pipelines
  • Contracts
    • Piped imports: historical flows and contracts
      • Recent trends
      • Contracts
        • LNG imports: historical flows and contracts
          • Recent Trends
          • Contracts
        • Gas exports: historical flows and contracts
  • Supply-demand balances
  • Costs
    • Tariffs for transportation
      • GRTgaz charges
      • TIGF charges
  • Prices
    • PEGs and price development
    • French hub gas price forecast
      • Annual gas prices (real 2015)
    • Trading at PEGs
      • The Powernext Gas market, which accounts for around one third of traded volumes in France, has been in place since November 2008. This enables natural gas trade to take place in France on the French PEGs (Points d'échange de Gaz). There were three spot gas markets – PEGs Nord, Sud and TIGF – but since April 2015, the South PEGs have merged, creating the common market trading are PEG TRS (Trading Region South). At each point the following contracts are offered:

In this report there are 23 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
    • Gas flows into France
  • Demand
    • Gas demand by sector 2010 to 2035
  • Supply
    • Gas production profile - 2010 to 2035
  • Infrastructure
    • Infrastructure: Image 1
    • Infrastructure: Image 2
    • Infrastructure: Image 3
    • Infrastructure: Table 1
    • Infrastructure: Table 2
    • France storage outlook
  • Contracts
    • Contracts: Image 1
    • Contracts: Image 2
    • Contracts: Image 3
    • Contracts: Image 4
    • Contracts: Image 5
    • Contracts: Image 6
  • Supply-demand balances
    • Gas supply demand gap
    • Gas flows into France
  • Costs
    • Long run delivered costs of gas to France
    • TIGF French entry and exit capacity charges 2014
    • Costs: Table 2
  • Prices
    • Prices: Image 1
    • Development of gas trading at PEGs
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