Commodity market report
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8 Pages

Global gas markets long-term outlook - Costs - H2 2016


Global gas markets long-term outlook - Costs - H2 2016

Report summary

A period of oversupply is on the horizon for the global gas and LNG market in the medium term. Despite growing demand for LNG in Asia and emerging markets, it is not enough to absorb all new US LNG that is coming to market. The key determinants of global price formation over this period is expected to be the competition between Russia and US exports into Europe and their delivered costs. Other sources of piped gas supply into Europe will also remain competitive.

Longer term, this oversupply will ease and a supply-demand gap will emerge in Asia and Europe. This will create opportunities for new supply to enter the mix, including new LNG. Smaller-scale, niche projects and incremental developments appear advantaged in the next few years but larger scale projects are also expected to be developed to meet demand longer term. It is the cost of these new, more expensive projects which will underpin price rises post-2025.


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This report includes 2 file(s)

  • Global gas markets long-term outlook - Costs - H2 2016 PDF - 406.17 KB 8 Pages, 0 Tables, 10 Figures
  • Global gas markets long term outlook costs H2 2016.xlsx XLSX - 282.79 KB

Description

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
    • Methodology and assumptions
    • Medium term - an oversupplied market
    • Long term – opportunity opens up for new supply
      • Global LNG supply and demand delivered to Japan (2025)
      • Global LNG supply and demand delivered to Japan (2030)
      • Delivered cost to Europe

In this report there are 10 tables or charts, including:

  • Executive summary
    • Chart 1: US LNG cash cost range to Europe
    • Chart 2: Russia gas to Europe via Nord Stream
    • Chart 3 European spot price versus the delivered cost of US LNG
    • Executive summary: Image 4
    • Chart 6: Global LNG supply and demand delivered to Japan (2025)
    • Chart 7: Global LNG supply and demand delivered to Japan (2030)
    • Chart 8: Northwest Europe cost of supply, 2030
    • Chart 9: Southern Europe cost of supply, 2030
    • Executive summary: Image 9
    • Executive summary: Image 10
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