ENTSOG South-North Corridor GRIP 2017 - Main Report

3.1 Introduction

The aim of this chapter is to provide useful elements to understand the evolution of the natural gas market in the countries belonging to the South-North Corridor. The analysis of historical data and of future market trends, both at a regional and continental level, repre- sents the basis for the planning and construction of new infrastructures. Consequently, a proper interpretation of these data is one of the key factors to understand the current configuration of the gas infrastructure as well as future enhancements of transmission networks, storage facilities and LNG plants. The chapter is structured as follows: \\ In the first section, historical data related to the annual average demand are shown, with a description of the current situation and a comparison with previous years; data are presented in order to highlight both trends concerning all the countries of the Region, and also the demand breakdown into different consumption sectors (residential/industrial and power generation). \\ In the second part, a natural gas demand forecast for the next twenty years is given, both in terms of annual average demand and annual peak demand. \\ A third final section deals with the analysis of the markets in the Region, focusing on different hub performances in terms of volumes and prices. All the data used for the demand analysis have been sent by the TSOs to­ ENTSOG in 2016 for the data collection for TYNDP 2017. The data are not temperature-corrected.

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