Commodity market report
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23 Pages

Portugal gas markets long-term outlook H1 2014


Portugal gas markets long-term outlook H1 2014

Report summary

Despite an economic recovery, gas demand fell by around 4% in 2013, as increased generation from renewable sources squeezed gas in the power sector. This led to decreased piped imports and an increase in LNG re-exports. We anticipate demand will recover from around 2017 driven by the power sector, LNG imports are expected to rise to meet this demand.

What's included?

This report includes 2 file(s)

  • Portugal gas markets long-term outlook H1 2014 PDF - 496.20 KB 23 Pages, 13 Tables, 30 Figures
  • EGAPS Portugal Gas H1 2014.xls XLS - 834.50 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
    • Recent Trends
    • Short/Mid term outlook summary (2014- 2017)
    • Long term outlook summary (2018- 2030)
  • Economic outlook
  • Market structure
  • Policy and regulation
    • National Energy Strategy (ENE 2020)
  • Demand
    • Recent events and short term outlook
  • Infrastructure
    • Existing gas infrastructure
      • Existing LNG infrastructure
      • Existing pipeline infrastructure
      • Existing gas storage infrastructure
    • New infrastructure
      • New LNG infrastructure
      • New pipeline infrastructure
      • New storage infrastructure
      • Planned gas storage (volume in mcm)
  • Contracts
    • Piped imports: historical flows and contracts
      • Recent piped trends
      • Piped contracts
  • Supply-demand balances
    • Gas flows into Portugal
  • Costs
    • Long run delivered costs of gas to Portugal (2020)
    • LNG Tariffs
    • Transportation Tariffs
    • Storage Tariffs
  • Prices
    • Gas trading and price development
    • Portugal price forecast
    • Consumer prices
  • Margins
    • Household sector
    • Industrial sector

In this report there are 43 tables or charts, including:

  • Executive summary
    • Portugal price forecast
    • Executive summary: Image 2
    • Gas flows into Portugal
  • Economic outlook
    • Q1 2014 Economic indicators (2005-2030)
    • GDP forecast – Portugal
  • Market structure
  • Policy and regulation
    • Key offices
  • Demand
    • Contribution to growth H1 2014 - all sectors (2014-30)
    • Non power gas demand by sector (2014-2030)
  • Infrastructure
    • Infrastructure: Image 1
    • Existing import capacity
    • Infrastructure: Image 3
    • Existing export capacity
    • Infrastructure: Image 5
    • Forecast import capacity
    • Infrastructure: Image 7
    • Forecast export capacity
    • Infrastructure: Image 9
    • Infrastructure: Image 10
  • Contracts
    • Historical piped imports
    • Contracts: Image 2
    • Portugal contracted piped imports
    • Contracts: Image 4
    • Historical LNG imports
    • Contracts: Image 6
    • Portugal contracted LNG imports
  • Supply-demand balances
    • Supply demand gap
    • Supply-demand balances: Image 2
  • Costs
    • Costs: Image 1
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
    • Costs: Table 5
    • Costs: Table 6
    • Costs: Table 7
    • Costs: Table 8
    • Costs: Table 9
    • Costs: Table 10
    • Costs: Table 11
  • Prices
    • Annual gas prices (real 2014)
    • Historical consumer prices (2007-2013)
  • Margins
    • Household sector gross margins (2007-2013)
    • Industrial sector gross margins (2007-2013) based on average imported cost
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