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Hong Kong Oil and Gas Report Q1 2013 - Product Image

Hong Kong Oil and Gas Report Q1 2013

  • Published: December 2012
  • Region: Hong Kong
  • 60 pages
  • Business Monitor International

FEATURED COMPANIES

  • Chevron – Summary
  • CLP – Summary
  • Company Profiles
  • ExxonMobil – Summary
  • HK Electric – Summary
  • HKCGC – Summary
  • MORE

BMI View: With no domestic energy resources, Hong Kong faces the challenge of meeting growing oil and gas demand through imports alone. Having mainland China on its doorstep helps, as the outlook for Hong Kong is linked directly to that of its parent state.

The main trends and developments we highlight for Hong Kong’s oil and gas sector are:

- Natural gas is still viewed simply as a power generation fuel, but more will be consumed as gasfired capacity expands. Our forecasts are for gas consumption to rise from an estimated 3.97bcm in 2011 to 4.40bcm in 2016 and to 5.25bcm by 2021.

- Hong Kong looks set to receive gas from Central Asia by mid-2012, following a move by China's National Energy Administration (NEA) to speed up China National Petroleum Corporation (CNPC)'s work on the Shenzhen-Hong Kong gas pipeline. The pipeline is a spur of the Second West-East Pipeline, which was completed in July 2011. Construction work on the second pipeline has started in Shenzhen, China. The completion of the Hong Kong spur will help to diversify the city's gas import sources and will help to improve access to gas.

- The rate of oil products demand growth and imports READ MORE >

BMI Industry View 5

SWOT Analysis 6

Hong Kong Oil & Gas SWOT 6

Industry Forecast Scenario 7

Oil And Gas Reserves 7
Table: Hong Kong Proven Oil & Gas Reserves And Total Petroleum Data – Historical Data And Forecasts, 2010-2016 7
Table: Hong Kong Proven Oil & Gas Reserves And Total Petroleum Data – Long-Term Forecasts, 2015-2021 8

Oil Supply And Demand 9
Table: Hong Kong Oil Production, Consumption And Net Exports – Historical Data And Forecasts, 2010-2016 9
Table: Hong Kong Oil Production, Consumption And Net Exports – Long-Term Forecasts, 2015-2021 10

Gas Supply And Demand 11
Table: Hong Kong Gas Production, Consumption And Net Exports – Historical Data & Forecasts, 2010-2016 11
Table: Hong Kong Gas Production, Consumption and Net Exports, 2015-2021 13

LNG 15

Refining And Oil Products Trade 15
Table: Hong Kong Refining Production And Consumption – Historical Data & Forecasts, 2010-2016 15
Table: Hong Kong Refining Production And Consumption – Long-Term Forecasts 2015-2021 16

Revenues/Import Costs 16

Key Risks To our Forecast Scenario 16

Oil And Gas Infrastructure 17

Service Stations 17

Oil Storage And Terminals 17

Gas Pipelines 17

Country Oil & Gas Risk/Reward Ratings 18

Hong Kong Upstream Rating – Overview 18

Hong Kong Upstream Rating – Rewards 18

Hong Kong Upstream Rating – Risks 18

Hong Kong Downstream Rating – Overview 18

Regional Risk/Reward Ratings 19
Table: Asia's Oil & Gas Risk/Rewards Ratings 19
Table: Asia Upstream Risk/Reward Ratings 24
Table: Asia Downstream Risk/Reward Ratings 25

Competitive Landscape 26

Executive Summary 26
Table: Key Players – Hong Kong Oil & Gas Sector 27

Overview/State Role 27

Licensing And Regulation 27

International Energy Relations 27
Table: Key Downstream Players 27

Company Profiles 28

Shell – Summary 28

Chevron – Summary 28

ExxonMobil – Summary 28

Sinopec/China Resources – Summary 28

CLP – Summary 29

HK Electric – Summary 30

HKCGC – Summary 30

Regional Energy Market Outlook 31
Table: Number Of Rigs In Operation In Asia 32

Global Energy Market Outlook 37
Table: Global Oil Demand Forecasts – A Comparison 39

Asia – Regional Appendix 43
Table: Oil Consumption – Historical Data & Forecasts, 2009-2016 (’000b/d) 43
Table: Oil Consumption – Long-Term Forecasts, 2014-2021 (’000b/d) 43
Table: Oil Production – Historical Data & Forecasts, 2009-2016 (’000b/d) 44
Table: Oil Production – Long-Term Forecasts, 2014-2021 (’000b/d) 45
Table: Refining Capacity – Historical Data & Forecasts, 2009-2016 (’000b/d) 46
Table: Refining Capacity – Long-Term Forecasts, 2014-2021 (’000b/d) 46
Table: Gas Production – Historical Data & Forecasts, 2009-2016 (bcm) 47
Table: Gas Production – Long-Term Forecasts, 2014-2021 (bcm) 48
Table: Gas Consumption – Historical Data & Forecasts, 2009-2016 (bcm) 48
Table: Gas Consumption – Long-Term Forecasts, 2014-2021 (bcm) 49
Table: LNG Exports – Historical Data & Forecasts, 2009-2016 (bcm) 50
Table: Net LNG Exports – Long-Term Forecasts, 2014-2021 (bcm) 50

Methodology And Risks To Forecasts 51

Glossary Of Terms 52
Table: Glossary Of Terms 52

Oil And Gas Risk/Reward Ratings Methodology 54

Ratings Overview 54
Table: BMI’s Oil & Gas Business Environment Ratings – Structure 55

Indicators 55
Table: BMI’s Oil & Gas Upstream Ratings – Methodology 55
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology 56

BMI Methodology 58

How We Generate Our Industry Forecasts 58

Energy Industry 58

Cross checks 59

Sources 59

Company Profiles
Shell – Summary
Chevron – Summary
ExxonMobil – Summary
Sinopec/China Resources – Summary
CLP – Summary
HK Electric – Summary
HKCGC – Summary

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