Insight

Why do European players want Shah Deniz Phase II gas into Italy?

This report is currently unavailable

This report is currently unavailable

Get this Insight as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

Report summary

On the 19th of September 2013 the Shah Deniz Phase II consortium signed 9 separate 25-year gas sales contracts for the 10 bcm of its production to be routed through Turkey into European countries starting from 2019. The "Resolution to Construct" for TAP, the pipeline selected by the consortium to reach Southern Italy, is anticipated in October/November. The "Final Investment Decision" on the Shah Deniz Phase II upstream development is expected to follow a month later. The decision to build...

Table of contents

  • Executive summary
  • Introduction and background
  • Pricing: Oil-linked, PSV or TTF?
  • Long term Italian gas market fundamentals
    • The hedgers
    • The challengers
    • The empty-handed

Tables and charts

This report includes 5 images and tables including:

Images

  • Italian* and European prices: spot vs oil indexed
  • Continental European hub total traded volumes
  • Production, contracted* supply and demand
  • Shah Deniz phase II contracts into Italy* - buyers
  • Sales/usage and procurement in 2012

You may be interested in

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898