BMI View: Domestic oil and gas production will continue to decline as weak oil prices hold back
investment. Softer margins in H216 will see the refining sector struggle to improve on a strong 2015. Fuels
consumption in Europe's largest market remains flat and will tre ..."
BMI View: The UK's vote to leave the EU has not affected our oil and gas production forecasts as the
strong project pipeline will ensure that the UK experiences a provisional uptick in oil and gas output. The
long-term trend of decline will also remain in place, as hi ..."
BMI View: The UK's decision to leave the EU has had little impact on our already-muted forecasts for the
UK power sector. Our forecasts for conventional power generation were already downbeat due to a failure
to mobilise investment into new capacity - with economic an ..."
BMI View: We have not made alterations to our renewables capacity forecast in the wake of Brexit, as a
plethora of punitive subsidy cuts over 2015 means that we already have incorporated a slowdown in the
sector. As the exception, offshore wind power will drive growth ..."
BMI View: With small and declining hydrocarbon reserves, no exploration or field development activities
taking place and a ban on hydraulic fracking, Hungary holds a very weak position in the upstream sector.
While the country boasts an efficient downstream sector, ra ..."
BMI View: Italy's renewable energy sector is well developed, with solar and wind power in particular
accounting for a solid share of the country's domestic energy mix. Our forecasts for the renewables sector
remain muted, with limited growth in capacity and generation ..."
BMI View: Strong legal, political and social pressures are and will continue to see large production cuts at
the key Groningen gas field. This will greatly reduce the Netherlands' role as a key swing gas supplier to
Western Europe over the decade, with net exports nea ..."
BMI View: The medium term outlook for Slovakia's power sector is quite encouraging. With two new
nuclear reactors set to come on stream in the next couple of years, our core scenario envisages that there
will be a near 30% increase in total generating capacity by the ..."
BMI View: The balance of power is shifting in Switzerland, where the country has committed to phasing
out nuclear power in favour of hydropower and non-hydro renewables over the coming years. The country's
power infrastructure is already very well developed, with univ ..."
BMI View: Growth prospects for Austria's power market remain subdued, partly due to the maturity of the
market as well as the limited consumption growth expected in the coming years. There are opportunities,
however, and we expect to see growth in the renewables secto ..."