Gas Marketers. The shifting nature of pricing, unbundled services, and pipeline availability make the European energy market one of the world's most difficult markets to assess. ENG not only offers gas analysis, but also PIRA's respected forecasts for European oil products. Simply put, we call the market. Gas-on-gas pricing and interfuel competition are covered comprehensively. ENG will assist you on a monthly basis in pinning down prices, key markets for demand growth, and potential supply changes.

Pipeline Companies. Europe's well-established pipeline and distribution companies are undergoing the greatest change of all. Competitive challenges and opportunities outside of traditional markets provide kilometers of uncharted markets to conquer. Pipeline companies will be dealing with a plethora of new firms looking to do everything from gaining third-party access to transmission pipelines to deciding how to stretch highly profitable distribution grids into neighboring countries. ENG's fundamental analysis offers these firms a glimpse of how extra-territorial markets will be affecting the bottom line, providing an assessment on the most promising growth opportunities in the region.

End-Users. Perhaps no other type of client will find ENG as valuable as the end-user. As the driving force behind European market liberalization, buyers of gas, power, and oil are now faced with the daunting task of choice. Power generators, industrial buyers, petrochemical firms, and commercial buyers will be offered deal after deal, but with these choices comes a complex web of commercial decisions: Is the supply source reliable? What price can be obtained? Where is the market heading? ENG provides end-users with the numbers and analysis to correctly answer these critical questions.

Gas Producers. The ability to access markets will be a key element in targeting Europe as a growth area. The big suppliers in the North Sea, Algeria, and Russia all need to stretch their market reach beyond traditional sales areas. In the UK, markets are already liberalized, and the Interconnector Pipeline to Belgium has created the first real spot market on the continent at Zeebrugge. In Russia, several new pipeline projects could flood Europe with low-cost gas. Will all of these projects materialize, and when? For commercial producers, this question is critical for investment. With a bevy of new producers now able to market their own gas, competition will be keen. ENG helps producers understand which regions will be pipeline-capacity constrained and how these bottlenecks will impact basis differentials. Indigenous production, as well as imports from Russia, North Africa and the Mideast, will also be assessed, with long-term forecasts provided annually, helping clients assess investment opportunities. 

Financial Institutions. As financial institutions are called upon to provide debt for new pipeline and electric generation facilities, it will be imperative for them to analyze accurately the market environment for these projects. Lending to the power sector requires a thorough understanding of the natural gas markets that will support the gas-fired facilities being built to compete in the deregulated European market. ENG can be a valuable resource for conducting due diligence on regional markets, growth potential, and constraints.