Commodity Market Report

Spain gas markets long-term outlook H2 2015

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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 contains

  • Document

    EGAPS Spain Gas H2 2015.xls

    XLS 1003.50 KB

  • Document

    Spain gas markets long-term outlook H2 2015

    PDF 278.66 KB

  • Document

    Spain gas markets long-term outlook H2 2015

    ZIP 1.22 MB

  • Document

    Executive summary

    PDF 117.31 KB

Table of contents

    • Key changes and recent trends
    • Short/Mid term outlook summary (2016-2020)
    • Long term outlook summary (2021- 2035)
    • Links to related reports

Tables and charts

This report includes 2 images and tables including:

Images

  • Spain gas price forecast
  • Gas flows into Spain

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