Commodity market report
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3 Pages

United Kingdom gas markets long-term outlook H2 2015


United Kingdom gas markets long-term outlook H2 2015

Report summary

Economic activity, temperature and coal to gas competition will continue to influence gas demand over the short-term. Continued growth in renewable capacity and an increase in nuclear generation capacity will limit gas demand in the power sector post 2024.  Furthermore, a limited scope for coal to gas switching, alongside the switch to more efficient CCGT plants, will result in lower usage in the power sector and add to the long-term decline of gas demand in non-power sectors. Total UK gas demand is forecast to decline at an average rate of 0.4% a year from 2015 to 2035.

What's included?

This report includes 3 file(s)

  • United Kingdom gas markets long-term outlook H2 2015 PDF - 284.64 KB 3 Pages, 0 Tables, 2 Figures
  • United Kingdom gas markets long-term outlook H1 2015.pdf PDF - 959.16 KB
  • United Kingdom Gas H2 2015.xls XLS - 963.00 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
    • 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
        • Links to related reports

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

  • Executive summary
    • UK gas price forecast
    • Gas flows into the UK
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