DUBLIN, Ireland - (Business Wire) Research and Markets (
http://www.researchandmarkets.com/research/4ec40d/european_wholesale) has announced the addition of the "European Wholesale Gas Market Development" report to their offering.
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.
Highlights of this title
Wholesale maturity and liquidity is segmented into four distinct categories. Current Europes 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.
Key reasons to purchase this title
-- 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.
Key Topics Covered:
CATALYST
SUMMARY
Sources
ANALYSIS
A number of structural factors are required to catalyze the development of wholesale gas markets:
The development of wholesale markets tends to follow a preset pattern of distinct stage
The wholesale market development cycle gradually builds up enough momentum to spawn the creation of wholesale support services
Once sufficient structural factors are in place, the necessary support services required for wholesale market development begin to emerge
The market based factors supporting hub development are crucial elements in facilitating and developing traded markets
Wholesale gas markets are required by different players throughout the value chain for different reasons
Currently Europe's wholesale gas markets cover the full range of developmental stages
Analysis of levels of churn provide an insight into levels of liquidity and wholesale market development
Current levels of churn in individual wholesale markets varies significantly
Datamonitor segments wholesale maturity and liquidity into 4 distinct categories
Nascent
Emerging
Established
Mature
Europe's current wholesale gas markets cover the full spectrum of segmentations
The NBP has shown strong and consistent growth to become Europe's leading wholesale gas market
Zeebrugge and the TTF maintain their role in the established segment of wholesale development, behind the NBP
Europe's emerging wholesale gas markets are seeing continued expansion in both volumes and liquidity
Europe's nascent markets are seeing renewed impetus towards development
Austria
Denmark
Spain
Price efficiency levels in the European wholesale markets show varying ranges of volatility
Our Deviation Days Index measures price movement ranges and gives insight into levels of price efficiency
Levels of volatility in the established markets have been markedly decreasing
The immaturity and lack of liquidity in the emerging markets means that their levels of price efficiency lag far behind the NBP
The polarization of the markets will reduce in the wake of market opening
Datamonitor forecasts future levels of wholesale liquidity by examining a range of structural factors on a weighted average basis
The structural factors used to predict wholesale market development produce a sliding scale of scores
Wholesale market development potential varies widely across the EU 27 gas markets
The markets in the limited progress segmentation currently lack the necessary structural factors required to catalyze wholesale activity
Despite showing some degree of progress over the forecast period, markets in the discernable progress segment will remain undeveloped
In addition to the three established markets, there are six countries in the substantial progress segment
APPENDIX
Summary of Scores 22
Scoring methodology for Structural Factors used to rate markets
The "Impetus" metric examines the progress already made, and being made, towards the establishment of a wholesale market
The "Gas Penetration" metric examines the degree to which gas has made an impact to the energy mix of a specific country
The "Future Role of Gas Fired Power" metric has been used because gas fired power generators are often significant wholesale gas market users
The "Demand Growth" metric is used because demand growth can, in itself, be a key catalyst to wholesale activity
The "Wholesale Market Fragmentation" metric gives an indication of the potential impact on liquidity of upstream supplies and gas imports
The "Retail Market Fragmentation" metric provides insight on the impact on wholesale development of retail market players needing to source gas
The "Interconnectivity" metric is used to highlight current and future opportunities for wholesale liquidity to be drive by cross-border trading
Ask the analyst
Disclaimer
For more information visit http://www.researchandmarkets.com/research/4ec40d/european_wholesale.
Source: Datamonitor
Research and Markets
Laura Wood, Senior Manager
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Fax from rest of the world: +353-1-481-1716
press@researchandmarkets.com
