Gas demand in 2014 is forecast at 69 bcm, a decline of 19% from 2013. Declines have been across all sectors, but particularly the non power sectors, a result of mild temperatures.
With oil price falling below US$70/bbl, expectations on future spot gas prices in Germany have also reduced. But oil price is not the only element affecting gas prices, with prices increasing some 30% since June. We continue to expect prices to increase in the period to 2018, before greater supply competition emerges.
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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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Commodity market report | Dec 2014
Germany gas markets long-term outlook H2 2014
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