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Thailand Oil and Gas Report Q1 2013 - Product Image

Thailand Oil and Gas Report Q1 2013

  • Published: December 2012
  • Region: Thailand
  • 92 pages
  • Business Monitor International

FEATURED COMPANIES

  • BG Group – Summary
  • Coastal Energy – Summary
  • Esso (Thailand)
  • IRPC – Summary
  • PTT
  • Star Petroleum – Summary
  • MORE

BMI View: Despite having a relatively strong domestic oil and gas position, Thailand is increasingly exposed to oil price fluctuations because of its growing reliance on crude oil imports, pipeline gas and now LNG. The country could become a major exporter of refined oil products within the Asian region,
but tough decisions must be made with regard to refinery investment if this potential is to be realised.

The main trends and developments we highlight in the Thai Oil and Gas sector are:

- Thailand's energy demand is expected to rise almost 5% in 2012, driven by economic growth and reconstruction work after flooding in 2011, the Energy Policy and Planning Office (EPPO)
of the Ministry of Energy said in January 2012. Suthep Liumsirijarern, EPPO's director-general,
said energy demand in Thailand in 2012 was forecast to rise about 4.8% to 1.94mn barrels of oil equivalent per day (boe/d), following growth of 4.1% in 2011.

- US major Chevron brought its US$3.1bn Platong-2 gas project in the Gulf of Thailand onstream earlier than expected. Platong-2 will produce about 3.4bn cubic metres (bcm) of gas per year and 18,000 barrels a day (b/d) of natural gas liquids. READ MORE >

BMI Industry View 7

SWOT Analysis 8

Thailand Oil & Gas SWOT 8

Industry Forecast Scenario 9

Oil And Gas Reserves 9
Table: Thailand Proven Oil & Gas Reserves And Total Petroleum – Historical Data And Forecasts, 2010-2016 9
Table: Thailand Proven Oil & Gas Reserves And Total Petroleum – Long-term Forecasts, 2015-2021 10

Oil Supply And Demand 12
Table: Thailand Oil Production, Consumption And Net Exports – Historical Data And Forecasts, 2010-2016 12
Table: Thailand Oil Production, Consumption and Net Exports – Long-term Forecasts, 2015-2021 13

Gas Supply And Demand 15
Table: Thailand Gas Production, Consumption & Net Exports – Historical Data And Forecasts, 2010-2016 15
Table: Thailand Gas Production, Consumption & Net Exports – Long-term Forecasts, 2015-2021 16

LNG 19

Refining and Oil Products Trade 20
Table: Thailand Refining – Production & Consumption – Historical Data And Forecasts, 2010-2016 20
Table: Thailand Refining – Production & Consumption – Long-term Forecasts, 2015-2021 20

Revenues/Import Costs 21

Key Risks To BMI's Forecast Scenario 21

Country Oil & Gas Risk/Reward Ratings 22

Thailand Upstream Rating – Overview 22

Thailand Upstream Rating – Rewards 22

Thailand Upstream Rating – Risks 22

Thailand Downstream Rating – Overview 22

Regional Risk/Reward Ratings 23
Table: Asia's Oil & Gas Risk/Rewards Ratings 23
Table: Asia Upstream Risk/Reward Ratings 28
Table: Asia Downstream Risk/Reward Ratings 29

Thailand Energy Market Overview 30

Overview/State Role 31

Licensing And Regulation 31

Government Policy 31

Licensing Rounds 32

International Energy Relations 33
Table: Key Upstream Players 34
Table: Key Downstream Players 34

Oil And Gas Infrastructure 35

Oil Refineries 35
Table: Refineries In Thailand 35

Service Stations 36

Oil Storage Facilities 36

LNG Terminals 37

Oil Terminals/ Ports 37

Oil Pipelines 37

Gas Storage Facilities 37

Gas Pipelines 38

Gas-Processing Plants 39

Competitive Landscape 40

Executive Summary 40
Table: Key Players In Thailand's Oil & Gas Sector 41

Company Profiles 42

PTT 42

PTT Exploration and Production (PTTEP) 45

Chevron 48

Esso (Thailand) 51

Thai Shell Co 53

Salamander Energy 54

IRPC – Summary 57

Hess – Summary 57

Star Petroleum – Summary 58

BG Group – Summary 58

Pan Orient Energy – Summary 58

Coastal Energy – Summary 59

Carnarvon Petroleum – Summary 60

Others – Summary 61

Regional Energy Market Outlook 63
Table: Number Of Rigs In Operation In Asia 64

Global Energy Market Outlook 69
Table: Global Oil Demand Forecasts – A Comparison 71

Asia – Regional Appendix 75
Table: Oil Consumption – Historical Data & Forecasts, 2009-2016 ('000b/d) 75
Table: Oil Consumption – Long-Term Forecasts, 2014-2021 ('000b/d) 75
Table: Oil Production – Historical Data & Forecasts, 2009-2016 ('000b/d) 76
Table: Oil Production – Long-Term Forecasts, 2014-2021 ('000b/d) 77
Table: Refining Capacity – Historical Data & Forecasts, 2009-2016 ('000b/d) 78
Table: Refining Capacity – Long-Term Forecasts, 2014-2021 ('000b/d) 78
Table: Gas Production – Historical Data & Forecasts, 2009-2016 (bcm) 79
Table: Gas Production – Long-Term Forecasts, 2014-2021 (bcm) 80
Table: Gas Consumption – Historical Data & Forecasts, 2009-2016 (bcm) 80
Table: Gas Consumption – Long-Term Forecasts, 2014-2021 (bcm) 81
Table: LNG Exports – Historical Data & Forecasts, 2009-2016 (bcm) 82
Table: Net LNG Exports – Long-Term Forecasts, 2014-2021 (bcm) 82

Methodology And Risks To Forecasts 83

Glossary Of Terms 84
Table: Glossary Of Terms 84

Oil And Gas Risk/Reward Ratings Methodology 86

Ratings Overview 86
Table: BMI's Oil & Gas Business Environment Ratings – Structure 87

Indicators 87
Table: BMI's Oil & Gas Upstream Ratings – Methodology 87
Table: BMI's Oil & Gas Business Environment Downstream Ratings – Methodology 88

BMI Methodology 90

How We Generate Our Industry Forecasts 90

Energy Industry 90

Cross checks 91

Sources 91

Company Profiles
PTT
PTT Exploration and Production (PTTEP)
Chevron
Esso (Thailand)
Thai Shell Co
Salamander Energy
IRPC – Summary
Hess – Summary
Star Petroleum – Summary
BG Group – Summary
Pan Orient Energy – Summary
Coastal Energy – Summary
Carnarvon Petroleum – Summary
Others – Summary

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