Qatar Oil and Gas Report Q2 2012
Business Monitor International, May 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. We see it 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. We highlight these trends and developments in Qatar’s oil and gas sector:
-BMI sees Qatari gas production growing to over 190bcm by 2021. However, Qatar’s gas consumption is set to rise quickly to as much as 68bcm by that year.
-Our forecasts see gas exports peaking in 2015 at 126bcm, pending an increase in pipeline exports to the UAE and Oman through the Dolphin pipeline and/or the construction of new liquefaction trains. We believe that gas exports will remain at this rate until the end of our forecast period in 2021.
-We expect a 20% increase in oil production in the period 2011-21, with a small increase in net exports. The rise in Qatari refining capacity will boost domestic consumption of crude oil, while Qatar will also start exporting more fuels as a result of the start-up of Pearl GTL.
-We see 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 and also bodes well for feedstock supplies to Qatar’s petrochemicals sector. Qatar’s dependence on oil prices leads to high volatility in the country’s export revenues. Our assumptions of a slower growth in China, a faltering recovery in the US and a worsening eurozone debt crisis, clearly pose a threat to global oil demand. We assume OPEC basket oil prices to fall from US$111.47/bbl in 2012 to US$105.00/bbl in 2014, thus creating a downside risk for Qatar’s macroeconomic outlook.
BMI Industry View
SWOT Analysis
Qatar Oil and Gas SWOT
Global Energy Market Outlook
Libya Production Update: Main Fields (As Of Jan 9)
Global Oil Consumption, 2009-2016 (000b/d)
Global Oil Production, 2009-2016 (000b/d)
Regional Energy Market Outlook
Qatar Energy Market Overview
Table: Qatar – Upstream Projects Database
Industry Forecast Scenario
Table: Industry Summary Data
Table: Industry Summary Data
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
Table: Middle East Upstream Risk/Reward Ratings
Middle East Downstream Business Environment Ratings
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
Tasweeq – Summary
Sasol – Summary
ConocoPhillips – Summary
Cosmo Oil – Summary
Wintershall – Summary
GDF Suez – Summary
CNOOC – Summary
PetroChina – Summary
Service Companies
Table : Oil Consumption, (000b/d) 2008-2016
Table : Oil Consumption (000b/d), 2014-2021
Table : Oil Production, (000b/d)2008-2016
Table : Oil Production (000b/d), 2014-2021
Table : Refining Capacity,(000b/d) 2008-2016
Table : Refining Capacity (000b/d), 2014-2021
Table : Gas Consumption, (bcm)2008-2016
Table : Gas Consumption (bcm), 2014-2021
Table : Gas Production, (bcm) 2008-2016
Table : Gas Production (bcm), 2014-2021
Table: Net LNG Exports (bcm)
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
- Tasweeq
- Sasol
- ConocoPhillips
- Cosmo Oil
- Wintershall
- GDF Suez
- CNOOC
- PetroChina
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