Commodity market report
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23 Pages

United Kingdom gas markets long-term outlook H1 2016


United Kingdom gas markets long-term outlook H1 2016

Report summary

Our gas demand outlook in the power sector had been adjusted upward from 2017 to the mid 2020s, taking into account the greater loss of coal fired generation and a significantly lower price forecast for NBP to 2023.

What's included?

This report includes 2 file(s)

  • United Kingdom gas markets long-term outlook H1 2016 PDF - 980.81 KB 23 Pages, 1 Tables, 22 Figures
  • United Kingdom gas markets long-term outlook H1 2016.xls XLS - 1.41 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
    • Key changes and recent trends
      • Gas demand supported by power sector, but long-term decline still expected
      • Higher LNG imports counter declining indigenous production
      • Economics of coal to gas switching still underpin UK and European spot prices
  • Demand
    • Power
    • Non-power demand
    • Residential
    • Commercial
    • Industrial
    • Transport and Losses
  • Supply
    • Production growth continued to 2016…
    • ...but delays and postponements hamper sustained increased in offshore production
    • Despite government support shale gas exploration has seen slow progession
  • Infrastructure
    • Gas infrastructure
    • LNG infrastructure
    • Pipeline infrastructure
    • Storage infrastructure
  • Contracts
    • Piped imports: historical flows and contracts
      • Recent trends
      • Piped contracts
    • LNG imports: historical flows and contracts
      • Recent trends
      • LNG contracts
    • Gas exports: historical flows and contracts
      • Recent trends
      • Export contracts
  • Supply-demand balances
  • Costs
    • Tariffs for transportation
      • Uniform network code and charges
      • Capacity charges
      • Commodity charges
      • Storage access
  • Prices
    • NBP gas price development
      • Annual gas prices (real 2016)
    • Trading at NBP

In this report there are 23 tables or charts, including:

  • Executive summary
    • UK gas price forecast
    • Gas flows into the UK
  • Demand
    • Gas demand by sector 2010 to 2035
  • Supply
    • Gas production profile - 2010 to 2035
  • Infrastructure
    • Key infrastructure
    • Import capacity
    • Export capacity
    • LNG regasification
  • 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 gap
    • Gas flows into the UK
  • Costs
    • Long run delivered costs of gas to the UK
  • Prices
    • Prices: Image 1
    • Prices: Image 2
    • Prices: Image 3
    • Prices: Image 4
    • Prices: Image 5
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