Commodity market report
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16 Pages

Global gas markets long-term supply outlook - Southern Corridor - H1 2016

Global gas markets long-term supply outlook - Southern Corridor - H1 2016

Report summary

Azerbaijan, Iran and the Kurdistan region of Iraq all have substantial gas reserves which could provide abundant alternative piped supplies along a new route commonly known as the Southern Corridor. With the completion of the Trans Anatolian Pipeline (TANAP) and Trans Adriatic Pipeline (TAP), Azerbaijan is expected to open the Southern Corridor with first volumes to Turkey in 2019 and Italy in 2020. 

What's included?

This report includes 2 file(s)

  • Global gas markets long-term supply outlook - Southern Corridor - H1 2016 PDF - 1.33 MB 16 Pages, 4 Tables, 12 Figures
  • global gas markets long term supply outlook southern corridor H1 2016.xls XLS - 293.50 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
  • Supply
    • Azerbaijan’s gas production set to grow steadily, underpinned by the Shah Deniz Phase Two development
    • Kurdistan’s Miran West and Bina Bawi in line for exports
    • Iranian gas production potential significant when sanctions are lifted
  • Demand
    • Gas demand will grow moderately in Azerbaijan, forcing oil out of the domestic market
    • Kurdistan domestic demand will grow as stability returns to Iraq but will remain small, in absolute terms
    • Iran’s domestic demand will become a priority and return to growth with the lifting of sanctions
  • Infrastructure
  • Supply-demand balances
    • Azerbaijan
      • Kurdistan
      • Iran
  • Contracts
  • Costs
  • Trade
    • Strategy
    • Recent Trends
    • Outlook
      • Medium term
      • Long term
  • Risks and uncertainties

In this report there are 16 tables or charts, including:

  • Executive summary
    • Map - key domestic and export infrastructure
  • Supply
    • Indigenous production potential*
  • Demand
    • Domestic demand by country
  • Infrastructure
    • Export capacity
    • Existing pipelines
    • Planned pipelines
  • Supply-demand balances
    • Available export volumes vs available export capacity
    • Available export volumes vs available export capacity
    • Available export volumes vs available export capacity
  • Contracts
    • Existing contracts
    • Future contracts
    • Contracted exports vs export potential
  • Costs
    • Delivery cost into Italy (2030)
  • Trade
    • Turkish gas imports
    • Export outlook v export potential
    • Export supply mix
  • Risks and uncertainties
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