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Egypt Oil and Gas Report Q4 2012 - Product Image

Egypt Oil and Gas Report Q4 2012

  • Published: November 2012
  • Region: Egypt
  • 95 pages
  • Business Monitor International

FEATURED COMPANIES

  • Apache Energy
  • BP Egypt
  • Company Monitor
  • Edison
  • Eni Egypt
  • GDF Suez – Summary
  • MORE

BMI View:

Months of political turbulence – which has not abated since the election of the Muslim Brotherhood's Mohammed Morsi as president – has undermined policy as it relates to the country's most significant economic sector. Now that Morsi has been confirmed as president, one thing is clear; when it comes to Egypt’s gas sector, domestic needs are going to take priority over exports, as the decision to end gas supplies to Israel confirms. This will inevitably impact the pricing climate for international oil companies operating in Egypt’s gas sector, potentially making it more of a struggle to secure internationally competitive rates when selling gas.

We highlight these trends and developments in Egypt’s oil and gas sector:

- BMI expects Egyptian oil production to decline from 637,000 barrels per day (b/d) in 2012 to 578,500b/d in 2021. At the same time, consumption is expected to rise significantly, from 814,000b/d to 1.09mn b/d over the same period, quadrupling Egypt’s oil import bill.

- Despite several proposals to increase capacity, we do not see refineries advancing over our forecast period. With refining capacity READ MORE >

BMI Industry View 5

SWOT Analysis 6

Egypt Oil and Gas SWOT 6

Global Energy Market Outlook 7

Oil: Getting Closer To Emerging Markets Inflection Point 7
Table: Oil Consumption Forecasts, 2010-2016 (’000b/d) 9
Table: Oil Production Forecasts, 2010-2016 (’000b/d) 11

Regional Energy Market Outlook 15

Egypt Energy Market Overview 19
Table: Egypt – Upstream Projects Database 20

Industry Forecast Scenario 21
Table: Egypt Oil & Gas – Historical Data And Forecasts, 2009-2016 21
Table: Egypt Oil & Gas – Long-Term Forecast, 2014-2021 22

Oil and Gas Reserves 23

Oil Supply And Demand 24

Gas Supply And Demand 25

LNG 26

Refining And Oil Products Trade 26

Revenues/Import Costs 27

Key Risks To our Forecast Scenario 27

Oil and Gas Infrastructure 28

Oil Refineries 28
Table: Refineries In Egypt 28

Service Stations 30

Oil Storage Facilities 30

Oil Terminals/Ports 31

Oil Pipelines 31

LNG Terminals 31
Table: LNG Terminals In Egypt 32

Gas Pipelines 33

Regional and Country Risk/Reward Ratings 35
Table: Upstream Risk/Reward Ratings 38
Table: Downstream Risk/Reward Ratings 39

Egypt Upstream Rating – Overview 39

Egypt Upstream Rating – Rewards 39

Egypt Upstream Rating – Risks 40

Egypt Downstream Rating – Overview 40

Competitive Landscape 41
Table: Key Players – Egyptian Energy Sector 42

Overview/State Role 43

Licensing And Regulation 43

Government Policy 43

Licensing Rounds 44

International Energy Relations 45
Table: Key Upstream Players 46
Table: Key Downstream Players 47

Company Monitor 48

Egyptian General Petroleum Corporation (EGPC) 48

BP Egypt 50

Eni Egypt 53

Shell Egypt 56

BG Egypt 58

Apache Energy 60

Dana Gas 63

Edison 65

RWE Dea 67

Melrose Resources – Summary 70

Lukoil – Summary 70

ExxonMobil – Summary 70

Chevron – Summary 70

GDF Suez – Summary 71

Reliance Industries – Summary 71

Enel – Summary 71

Africa – Regional Appendix 78
Table: Oil Consumption, (000b/d) 2009-2016 78
Table: Oil Consumption, (000b/d) 2014-2021 78
Table: Oil Production, (000b/d) 2009-2016 79
Table: Oil Production, (000b/d) 2014-2021 80
Table: Refining Capacity, (000b/d) 2009-2016 80
Table: Refining Capacity, (000b/d) 2014-2021 81
Table: Gas Consumption, (bcm) 2009-2016 81
Table: Gas Consumption, (bcm) 2014-2021 82
Table: Gas Production, (bcm) 2009-2016 83
Table: Gas Production, (bcm) 2014-2021 83

LNG Net Exports, bcm 2009-2016 84

LNG Net Exports, bcm 2014-2021 84

Methodology And Risks To Forecasts 85

Glossary Of Terms 86
Table: Glossary Of Terms 86

Oil And Gas Risk/Reward Ratings Methodology 88

Ratings Overview 88
Table: BMI’s Oil & Gas Business Environment Ratings – Structure 89

Indicators 90
Table: BMI’s Oil & Gas Upstream Ratings – Methodology 90
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology 91

BMI Methodology 93

How We Generate Our Industry Forecasts 93

Energy Industry 93

Cross checks 94

Sources 94

Company Monitor
Egyptian General Petroleum Corporation (EGPC)
BP Egypt
Eni Egypt
Shell Egypt
BG Egypt
Apache Energy
Dana Gas
Edison
RWE Dea
Melrose Resources – Summary
Lukoil – Summary
ExxonMobil – Summary
Chevron – Summary
GDF Suez – Summary
Reliance Industries – Summary
Enel – Summary

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