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NBP winter forward market: Buy or sell?


NBP winter forward market: Buy or sell?

Report summary

The UK gas market has been in a comfortable gas balancing position since 2008, due to the combination of declining domestic demand, particularly from the power sector, and abundant gas supply availability. This has resulted in the UK being a net exporter to continental Europe and the NBP and other NW European hubs trading at discount to oil-indexed European contracts. However, as the global LNG market has tightened and indigenous production has continued to underperform, the UK balance has...

What's included?

This report includes 1 file(s)

  • NBP winter forward market: Buy or sell? PDF - 465.98 KB 5 Pages, 1 Tables, 4 Figures

Description

This Gas Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

We provide 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
  • Introduction and background
  • 2013-14 winter outlook
    • Demand
    • UK indigenous production
    • Norway
    • LNG
    • UK storage
    • Continental Europe
    • Aggregate position
  • Conclusions

In this report there are 5 tables or charts, including:

  • Executive summary
  • Introduction and background
    • LNG and IUK flows
    • NBP, average Russian contract in Europe* and NE Asia LNG prices - History and forward market
  • 2013-14 winter outlook
    • LNG net trade: winter 2012/13 vs winter 2011/12
    • LNG net trade: winter 2013/14 vs winter 2012/13
    • Winter gas balance (Oct-Mar)
  • Conclusions
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