Medium-Term Gas Market Report 2013

Subject Prospects for the global coal market. Significance Seaborne thermal coal prices are on a long-term slide. Having peaked above 130 dollars per metric tonne (mt) for thermal coal delivered into north-western Europe in 2011, prices have sunk to 52.8 dollars/mt on September 7, the lowest level since 2009. At these prices, only the lowest-cost producers can remain profitable. In its 'Medium-Term Coal Market Report 2014', the International Energy Agency estimates that production costs for US Central Appalachian (CAPP) producers and Australian underground mining are close to 90 dollars/mt. Impacts Further coal sector bankruptcies and mine closures are likely. Coal will remain competitive with natural gas for power generation in most markets. Medium-term demand response will be limited by a lack of new coal plant construction and environmental regulation.

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BREXIT AND THE UK OIL & GAS SECTOR

The Denning Law Journal ◽

10.5750/dlj.v28i0.1274 ◽

2016 ◽

Vol 28 ◽

pp. 9-15 ◽

Cited By ~ 2

Author(s):

John C LaMaster ◽

Marc Hammerson

Keyword(s):

Early Stage ◽

The European Union ◽

Medium Term ◽

Short Article ◽

Gas Industry ◽

Free Movement Of Goods ◽

Gas Market ◽

Scottish Independence ◽

The Uk ◽

Oil Gas

On 23 June 2016, the UK electorate voted in a referendum to leave the European Union (EU). This outcome is expected to have far-reaching consequences for UK industry, including the oil & gas sector. These include: short- to medium-term uncertainty; potential changes to legislation affecting the downstream industry; restrictions on the free movement of goods and people; effects on the gas market; and renewed impetus for Scottish independence. It is impossible at this early stage to reach any definitive conclusions regarding the consequences of Brexit to the UK oil & gas industry, but this short article will discuss certain issues that are likely to be of interest and relevance.

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