Medium-term gas market report 2013

MEDIUM-TERM GAS MARKET REPORT 2013
 FOREWORD
 ACKNOWLEDGEMENTS
 TABLE OF CONTENTS
 EXECUTIVE SUMMARY
 DEMAND
 Summary
 Recent trends
 World gas demand
 OECD
 Non-OECD
 Medium-term demand forecasts
 Assumptions
 World gas demand
 OECD regions
 Non-OECD region
 Gas in transport: do we dare?
 As of 2013, gas in transport is still a niche market
 Why this time may be right
 Which technology and which market?
 Can the car industry deliver?
 In the United States, the LNG trucks could soon lead the race
 China bets on natural gas in the transport sector. The European industry looks for some new demand sourcesReferences
 SUPPLY
 Summary
 Recent trends
 World gas supply grew by 2.1% in 2012
 OECD: despite low prices, US gas production continues to grow
 Non-OECD supply growth is driven by the Middle East
 Global unconventional gas developments
 Medium-term supply forecasts
 Assumptions and methodology
 World gas supply
 North America: will the unabated growth of US gas production continue?
 Europe tries to slow dwindling gas production
 Can East Mediterranean gas change the regions\' politics?
 Africa: output from largest producers stall. East African gas: not quite ready for a 2018 startMiddle Eastern gas production slows down
 Russia: a strong production growth potential
 The Caspian region looks at future exports
 China becomes the fourth-largest gas producer
 Asian countries strive to increase gas production
 Latin America does not quite solve its gas shortages
 References
 TRADE
 Summary
 Recent trends in global trade: all eyes are on the Asian markets
 LNG trade \"in pause mode\" in 2012
 Interregional pipeline trade: most new developments are in Asia
 Import infrastructure developments. Global gas trade: brace yourself for tight markets until 2015It is a tight, tight world
 Regional trade developments
 How much additional LNG export capacity is needed?
 Committed LNG projects: stagnation until the next wave arrives after 2015
 New committed projects will be more expensive
 Looking beyond 2018
 Investments in pipelines and LNG regasification terminals
 Europe: wait-and-see attitude after a substantial drop in demand
 Non-OECD Asia (including China)
 OECD Asia Oceania
 The Middle East and Africa
 Latin America
 Pricing environment
 Asian price developments. European price developmentsUS price developments
 Trading developments
 European hubs
 NBP and TTF in the lead
 Developing a natural gas trading hub in Asia
 References
 THE ESSENTIALS
 GAS CONTACTS.