Qatar Oil and Gas Report Q1 2012

Business Monitor International, February 2012, Pages: 68

Business Monitor International's Qatar Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Qatar's oil and gas industry.

BMI View: Qatar sits on the world’s third-largest proven gas reserves, which are concentrated in the offshore North Field, and the country’s robust efforts to commercialise this deposit has resulted in Qatar becoming the world’s largest LNG exporter. BMI sees Qatar sustaining this lead over the forecast period, with the successful deployment of GTL technology boosting its petroleum export revenues. Qatar’s crude oil prospects are less exciting, as its oil reserves are modest in comparison with its Persian Gulf neighbours.

BMI highlights the following trends and developments in Qatar’s oil and gas sector:

- BMI sees Qatari gas production growing to nearly 200bn cubic metres (bcm) by 2021. Rising gas consumption will mean that volumes available for export are likely to peak earlier.

- BMI expects a 20% increase in oil production in the period 2011-21, with a small increase in relative exports. The rise in Qatari refining capacity will boost domestic consumption of crude oil.

- BMI sees Qatari proven oil reserves remaining broadly flat in the period 2011-21, with gas reserves declining in the same period by about 7%. Exploration successes create upside risks to these forecasts.

- The successful execution of Pearl GTL will boost Qatar’s petroleum export revenues. Qatar’s dependence on oil prices leads to high volatility in the country’s export revenues. BMI's assumptions of slower growth in China, a faltering recovery in the US and a worsening eurozone debt crisis, clearly pose a threat to global oil demand. BMI assumes OPEC basket oil prices will fall from US$101.90 per barrel (bbl) in 2011 to US$99.38/bbl in 2012, thus creating downside risk to Qatar’s macroeconomic outlook.

BMI Industry View

SWOT Analysis
Qatar Oil and Gas SWOT

Global Energy Market Outlook
Table: Global Oil Consumption (000b/d), 2009-2016
Table: Global Oil Production (000b/d), 2009-2016

Regional Energy Market Outlook
Oil Supply And Demand
Table : Middle East Region Oil Consumption, (000b/d) 2008-2016
Table : Middle East Region Oil Production, (000b/d) 2008-2016
Oil: Downstream
Table : Middle East Region Refining Capacity, (000b/d) 2008-2016
Gas Supply And Demand
Table : Middle East Region Gas Consumption, (bcm) 2008-2016
Table : Middle East Region Gas Production, (bcm) 2008-2016
Liquefied Natural Gas
Table: Middle East Net LNG Exports (bcm)

Qatar Energy Market Overview
Table: Qatar – Upstream Projects Database

Industry Forecast Scenario
Table: Qatar Oil & Gas – Historical Data And Forecasts, 2009-2016
Oil And Gas Reserves
Oil Supply And Demand
Gas Supply And Demand
LNG
Refining And Oil Products Trade
Revenues/Import Costs
Key Risks To BMI’s Forecast Scenario

Oil and Gas Infrastructure
Oil Refineries
Table: Refineries In Qatar
GTL
Table: GTL Plants In Qatar
LNG Terminals
Table: LNG Terminals In Qatar
Gas Pipelines

Regional and Country Risk/Reward Ratings
Middle East Region
Composite Scores
Table: Regional Composite Business Environment Rating
Upstream Scores
Table: Regional Upstream Business Environment Rating
Downstream Scores
Table: Regional Downstream Business Environment Rating

Competitive Landscape
Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector
Overview/State Role
Licensing And Regulation
International Energy Relations
Table: Key Upstream Players
Table: Key Downstream Player

Company Monitor
Qatar Petroleum (QP)
ExxonMobil Oil Qatar
Total Qatar
Royal Dutch Shell
Maersk Oil – Summary
Occidental Petroleum – Summary
Qatargas – Summary
RasGas – Summary
Sasol – Summary
ConocoPhillips – Summary
Cosmo Oil – Summary
Wintershall – Summary
GDF Suez – Summary
CNOOC – Summary
PetroChina – Summary
Service Companies

Appendix: Oil And Gas Long-Term Forecasts
Regional Oil Demand
Table : Middle East Region Oil Consumption (000b/d), 2014-2021
Regional Oil Supply
Table : Middle East Region Oil Production (000b/d), 2014-2021
Regional Refining Capacity
Table : Middle East Region Refining Capacity (000b/d), 2014-2021
Regional Gas Demand
Table : Middle East Region Gas Consumption (bcm), 2014-2021
Regional Gas Supply
Table : Middle East Region Gas Production (bcm), 2014-2021

Methodology And Risks To Forecasts

Glossary Of Terms

Oil And Gas Risk/Reward Ratings Methodology
Ratings Overview
Table: BMI’s Oil & Gas Business Environment Ratings – Structure
Indicators
Table: BMI’s Oil & Gas Upstream Ratings – Methodology
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology

BMI Methodology
How We Generate Our Industry Forecasts
Energy Industry
Cross checks
Sources

- Qatar Petroleum (QP)
- ExxonMobil Oil Qatar
- Total Qatar
- Royal Dutch Shell
- Maersk Oil
- Occidental Petroleum
- Qatargas
- RasGas
- Sasol
- ConocoPhillips
- Cosmo Oil
- Wintershall
- GDF Suez
- CNOOC
- PetroChina

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