ENTSOG Gas Regional Investment Plan (GRIP) 2017 - 2026 / Southern Corridor / Main Report

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Figure 4.12: Production of shale gas in the USA  6)

As evidenced by the evolution of prices of coal and gas, shown in Figure 4.13 coal price has increased significantly during 2016. This, combined with the drop of oil prices represents an additional reason explaining the continuation, in 2016, of the increase of LNG demand that started in 2015.  6)  7)

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Spot prices of oil, coal and gas in the EU

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Brent crude spot (Euro/bbl, left scale) NBP day-ahead (Euro/MWh, right scale)

Brent crude spot (Euro/bbl, left scale)

Platts GCI current month (Eur/MWh, right scale)

Figure 4.13: Spot prices of Oil, Coal and Gas in the EU  7)

 6) Source: USA Energy Information Administration  7) Source EU Quarterly Report on European Gas Markets, 2Q 2013 http://ec.europa.eu/energy/observatory/gas/gas_en.htm

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Southern Corridor GRIP 2017–2026