Commodity market report
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20 Pages

Global gas markets long-term supply outlook - Russian Federation -  H1 2016

Global gas markets long-term supply outlook - Russian Federation -  H1 2016

Report summary

Russia is the world's largest pipe gas exporter and Gazprom is its only licensed exporter of pipe gas. Russia's optimum strategy in the face of new competition from US LNG is to compete for market share and maintain exports to Europe at around 160 bcm.

What's included?

This report includes 2 file(s)

  • Global gas markets long-term supply outlook - Russian Federation - H1 2016 PDF - 2.31 MB 20 Pages, 7 Tables, 13 Figures
  • Global gas markets long-term outlook - Russia - H1 2016.xls XLS - 504.00 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
  • Supply
    • Russia West
      • Gazprom's production potential underpinned by giant legacy fields and new Yamal Peninsula developments
      • Independent producers have reduced Gazprom's share of the domestic market
    • Russia East
      • Gas sales agreement with China will drive significant new upstream developments in East Siberia
    • Production target
  • Costs
    • Russia competitive versus US LNG
  • Demand
  • Infrastructure
    • Pipe
      • Exports
        • Existing Export Pipelines
      • Imports
  • Supply-demand balances
    • Export Potential
  • Contracts
    • FSU
      • Uncertainty over Ukraine deliveries reduces Russia’s contracted exports to the FSU
    • Europe
      • Contracts with European buyers have evolved, lower ToP levels, more spot price indexation
    • Asia Pacific
      • Power of Siberia provides further opportunity for increasing contractual exposure to China, Altai talks have stalled
      • CNPC will bring Yamal LNG into China, but marketing of pre-FID LNG has stalled
  • Trade
    • Strategy
    • Market access
      • Pipe and storage
      • LNG
      • Recent Trends
        • European exports at record level in 2015
        • Outlook
          • Medium term
            • Russia exports to Europe maintained at current level as Russia pursues market share
          • Long term
            • Flexible Russian supply balances the European market in the long-term, pipe exports to Asia are engine of growth
  • Risks and uncertainties

In this report there are 20 tables or charts, including:

  • Executive summary
    • Map - key domestic and export infrastructure - Western Russia
    • Map - key domestic and export infrastructure - Eastern Russia
  • Supply
    • Russia West production potential*
    • Russia East production potential*
  • Costs
    • Costs: Image 1
  • Demand
    • Domestic demand by sector
  • Infrastructure
    • Export capacity
    • Infrastructure: Table 1
    • Export Pipelines Under Construction
    • Pre FID Pipelines
    • Existing LNG Projects
    • LNG Projects Under Construction
    • Pre FID LNG Projects
    • Import Pipelines
  • Supply-demand balances
    • Available export volumes vs available export capacity
  • Contracts
    • Contracted exports vs export potential
  • Trade
    • Total pipe imports into Europe by destination
    • Pipe imports into Europe
    • Export outlook v export potential
    • Export supply mix
  • Risks and uncertainties
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