Commodity Market Report

Global gas markets long-term outlook - Base case - H1 2015

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In the medium term, we see upside in European and Asian spot prices as Europe continues to require discretionary Russian gas and oil prices recover. In the period 2018-2023, we forecast a collapse in spot price as a result of a global oversupply with growing LNG output from Australia and the US.  Thereafter, market fundamentals are expected to rebalance, but abundant global gas and LNG supply will result in prices being consistent with the cost of new supply

Table of contents

    • Introduction
    • Scenario overview
      • Contestable demand
      • Competing Supply
      • Contestable demand vs competing supply
    • North America
    • Europe
    • Pacific
    • Pacific Basin - LNG
      • Atlantic Basin - LNG
      • Atlantic Basin - Europe
    • Americas
      • LNG Imports
      • LNG Exports
    • Brent oil price assumption
    • Coal price assumption
    • Carbon price assumption
      • US carbon prices
      • European carbon prices

Tables and charts

This report includes the following images and tables:

  • Global gas spot price forecast
  • Q1 2015 Regional GDP growth
  • Regional GDP growth - CAGR 2015-2035
  • Prices: Image 2
  • Russian contract prices, Gazprom price and NBP
  • Real rouble exchange rate forecast vs. oil price
  • Gazprom delivered cost curve into Europe - 2025
  • Global LNG supply and demand delivered to Japan (2025)
  • Global LNG supply and demand delivered to Japan (2030)
  • Pacific LNG Demand by market
  • Pacific contestable demand by market
  • Pacific LNG demand and supply
  • 22 more item(s)...

What's included

This report contains:

  • Document

    global gas markets- macro assumptions-h1 2015.xls

    XLS 712.50 KB

  • Document

    Global Gas Markets - Prices - H1 2015.xls

    XLS 194.00 KB

  • Document

    Global Gas Markets - Base Case - H1 2015.xls

    XLS 1.25 MB

  • Document

    Global gas markets long-term outlook - Base case - H1 2015

    PDF 511.97 KB

  • Document

    Executive summary

    PDF 94.82 KB

  • Document

    Executive summary

    PDF 104.16 KB

  • Document

    Prices

    PDF 625.23 KB

  • Document

    Prices

    PDF 211.15 KB

  • Document

    Trade

    PDF 230.04 KB

  • Document

    Trade

    PDF 180.38 KB

  • Document

    Economic outlook

    PDF 108.53 KB

  • Document

    Economic outlook

    PDF 110.20 KB