ENTSOG Gas Regional Investment Plan South 2017 - Main Report

Table of Content

FOREWORD

5

EXECUTIVE SUMMARY/CONCLUSIONS

6

1 INTRODUCTION

10 Preamble 11 Objectives and Enhancements 12 14 2.1 Worldwide Context 15 2.2 Challenges for the European Gas Market 17 2.3 The Energy transition in France, Spain and Portugal 18 20 3.1 Regional Overview of Demand 21 3.2 Demand Scenarios 30 3.3 Demand Data 34 42 4.1 Regional Overview 43 4.2 Pipeline Imports in the South Region 45 4.3 LNG imports in the South Region 46 4.4 Supply potentials 49 50 5.1 Descriptions of Hubs 51 5.2 Liquidity 52 5.3 Prices 54 5.4 IP Subscription and Use 60 5.5 Future Challenges of Gas Markets in the South Region 63

2 GENERAL CONTEXT

3 DEMAND

4 SUPPLY

5 MARKET ANALYSIS

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Gas Regional Investment Plan of the South Region 2017