The emergence of a premium between PEG Sud and PEG Nord, has prompted the French regulator to implement measures ahead of a north-south pipeline expansion planned for 2018. However, since December 2014, higher LNG imports have eroded the premium. Looking ahead, Peg Nord will continue to be influenced by market fundamentals in North West Europe and the UK. We see little scope for a sustained Peg Sud premium as reduced exports to Spain and higher LNG result in a more balanced market.
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France gas markets long-term outlook H2 2014 PDF - 1.02 MB 37 Pages, 10 Tables, 32 Figures
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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.
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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- exchange). There are three spot gas markets – PEGs Nord, Sud and TIGF. At each point the following contracts are offered;
Gas consumer prices
In this report there are 42 tables or charts, including:
Executive summary: Image 1
Gas flows into France
Q3 2014 Economic indicators (2005-2035)
GDP forecast - France
French gas network
Policy and regulation
Policy and regulation: Table 1
Policy and regulation: Table 2
Demand: Image 1
Demand: Image 2
Demand: Image 3
Gas production profile - 2005 to 2035
Infrastructure: Image 1
Infrastructure: Image 2
Infrastructure: Image 3
Existing infrastructure – gas storage (volume in mcm)
Infrastructure: Image 5
Infrastructure: Image 6
Planned gas storage (volume in mcm)
Contracts: Image 1
Contracts: Image 2
Contracts: Image 3
Contracts: Image 4
Contracts: Image 5
Contracts: Image 6
Gas supply demand gap
Gas flows into France
French export and transit gas flows
Costs: Image 1
Costs: Table 1
Costs: Table 2
Costs: Table 3
Costs: Table 4
Prices: Image 1
Development of gas trading at PEGs
Historical consumer prices (2007-2013)
Margins: Table 1
Margins: Table 2
Household sector gross margins based on Typical Oil Indexed contract (2007-2013)
Household sector gross margins based on PEG Nord hub pricing (2007-2013)
Household sector cost breakdown June 2013
Industrial sector gross margins based on oil indexed contract prices (2007-2013)
Industrial sector gross margins based on PEG Nord hub pricing (2007-2013)
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Commodity market report | Dec 2014
France gas markets long-term outlook H2 2014
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