Abstract
Overview
Introduction
Europe' s wholesale gas markets remain at widely differing stages of
development with levels of liquidity and price efficiency varying widely
between markets. As liberalisation develops further, increasing numbers of
players will be seeking to utilise these markets to source their gas supplies.
This brief examines the current status of these markets, and also analyses
their future prospects.
Scope
- A detailed review of the levels of development and liquidity currently
prevailing in Europe' s wholesale gas markets.
- Insight into how the relative positioning of each of these markets is
likely to change in the period to 2012.
- Knowledge of the factors driving wholesale market development and the
associated factors supporting market efficiency.
Report Highlights
Datamonitor segments wholesale maturity and liquidity into four distinct
categories. Current Europe' s wholesale gas markets cover the full spectrum of
the developmental segmentations - nascent, emerging, established and mature.
As liberalisation develops, and as the resultant gas needs of new market
entrants increase, there is significant scope for rapid development in the
nascent and establishing markets to grow rapidly.
A number of countries are likely to see a renaissance in their levels of
wholesale market development in the coming years. One particular example of
this is Germany where high levels of retail market fragmentation, amongst
other factors, means that the German hubs have significant near term
developmental potential.
Reasons to Purchase
- Gain an understanding of current and future wholesale gas procurement
options in the newly liberalised European market.
- Understand the degree to which individual wholesale markets are efficient
at conveying pricing signals.
- Track the likely development of European wholesale liquidity and the
resultant opportunity for efficient wholesale trading and procurement.
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