Commodity market report
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3 Pages

Spain gas markets long-term outlook H2 2015

Spain gas markets long-term outlook H2 2015

Report summary

The recovery in the Spanish economy during 2015 was stronger than expected with an annual GDP growth of 2.8%, the highest registered since 2007. As a result, Spanish gas demand in 2015 was 29.4 bcm, 1% above our H1 view. From 2016 onwards, our expectation for gas demand growth has been revised downwards across the industrial, residential and power generation sectors. Despite lower prices, less gas will be used for power generation in Spain, particularly during the early 2020s. By 2035 we expect that gas demand will be 40.5 bcm, just below the 41.2 bcm from our previous estimate.

What's included?

This report includes 2 file(s)

  • Spain gas markets long-term outlook H2 2015 PDF - 278.66 KB 3 Pages, 0 Tables, 2 Figures
  • EGAPS Spain Gas H2 2015.xls XLS - 1003.50 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
    • Key changes and recent trends
    • Short/Mid term outlook summary (2016-2020)
    • Long term outlook summary (2021- 2035)
    • Links to related reports

In this report there are 2 tables or charts, including:

  • Executive summary
    • Spain gas price forecast
    • Gas flows into Spain
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