Commodity market report
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39 Pages

United Kingdom gas markets long-term outlook H1 2014


United Kingdom gas markets long-term outlook H1 2014

Report summary

Over the coming years we expect tightness in the global LNG market to limit LNG imports to the UK at a time when gas demand in the power sector sees some recovery. As a result we expect prices to remain strong in this period. Beyond 2018 we anticipate that greater supply competition will bring prices down before recovering post 2020 to levels required to attract new sources of supply. 

What's included?

This report includes 2 file(s)

  • United Kingdom gas markets long-term outlook H1 2014 PDF - 1.09 MB 39 Pages, 6 Tables, 49 Figures
  • EGAPS UK Gas H1 2014.xls XLS - 1.25 MB

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- 2018)
    • Long term outlook summary (2018- 2030)
  • Economic outlook
    • Q1 2014 Economic indicators (2005-2030)
  • Market structure
    • Storage and LNG System Operators
    • Supply/wholesale
    • Supply/retail
  • Policy and regulation
    • Key offices
    • Key targets
    • Electricity Market Reform
    • Support for renewables
    • Carbon price floor
    • Capacity market
  • Demand
    • Recent events and short term outlook
    • Forecast summary
      • Gas demand by sector 2005 to 2030
  • Supply
    • Indigenous gas production profile (2005 to 2030)
  • Infrastructure
    • Existing gas infrastructure
      • Existing LNG infrastructure
      • Existing pipeline infrastructure
      • Existing gas storage infrastructure
      • New infrastructure
      • New LNG infrastructure
      • New pipeline infrastructure
      • New gas storage infrastructure
        • Planned gas storage (Volume in mcm)
  • Contracts
    • Piped imports: historical flows and contracts
      • Recent trends
      • Contracts
    • LNG imports: historical flows and contracts
      • LNG contracts
    • Gas exports: historical flows and contracts
      • Recent trends
      • Export contracts
  • Supply-demand balances
    • Supply demand gap
    • Gas flows into the UK
    • Piped export flows
  • Costs
    • Long run delivered costs of gas to the UK (2020)
  • Prices
    • NBP gas price development
      • Annual gas prices (real 2014)
    • Trading at NBP
      • Consumer price
  • Margins
    • Household sector
    • Industrial sector

In this report there are 55 tables or charts, including:

  • Executive summary
    • UK gas price forecast
    • Gas flows into UK
  • Economic outlook
    • Economic outlook: Table 1
    • GDP forecast - UK
  • Market structure
    • UK Production Gas Suppliers' Market Share in 2012
    • UK Gas Suppliers' Market Share in 2012
    • Domestic Gas Suppliers' Market 2012 (number of customers)
    • Non-Domestic Gas Suppliers' Market Share 2012 (number of customers)
  • Policy and regulation
    • Policy and regulation: Table 1
    • Policy and regulation: Table 2
  • Demand
    • Quarterly UK gas demand by sector (Q1 2010-Q4 2014)
    • Demand: Image 2
    • Demand: Image 3
    • Demand: Image 4
  • Supply
    • Supply: Image 1
  • Infrastructure
    • Infrastructure: Image 1
    • Infrastructure: Image 2
    • Infrastructure: Image 3
    • Existing Infrastructure - Gas Storage (volume in mcm)
    • Infrastructure: Image 5
    • Infrastructure: Image 6
    • Infrastructure: Image 7
    • Infrastructure: Image 8
    • Infrastructure: Image 9
  • Contracts
    • Historical piped imports
    • UK contracted piped imports
    • Contracts: Image 3
    • Historical LNG imports
    • UK contracted LNG imports
    • Historical piped exports
    • UK contracted piped exports
  • Supply-demand balances
    • Supply-demand balances: Image 1
    • Supply-demand balances: Image 2
    • LNG import flows
    • Norway flows to UK by entry point
    • Supply-demand balances: Image 5
    • Supply-demand balances: Image 6
    • Supply-demand balances: Image 7
    • Supply-demand balances: Image 8
    • Supply-demand balances: Image 9
    • Supply-demand balances: Image 10
    • Supply-demand balances: Image 11
    • Supply-demand balances: Image 12
    • Supply-demand balances: Image 13
    • Supply-demand balances: Image 14
  • Costs
    • Costs: Image 1
    • Entry capacity charges 2013 to 2015
    • Exit capacity charges 2013/2014
    • Costs: Table 3
  • Prices
    • Prices: Image 1
    • Development of gas trading in the UK
    • Historical consumer prices (2007-2013)
  • Margins
    • Household sector gross margins (2007-2013)
    • Household sector cost breakdown 2008-2012
    • Industrial sector gross margins (2007-2013)
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