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Chile Oil and Gas Report Q1 2013

  • ID: 2373660
  • January 2013
  • Region: Chile
  • 80 pages
  • Business Monitor International

FEATURED COMPANIES

  • Company Profiles
  • Enagas/BG Group
  • GDF Suez - Summary
  • GeoPark Holdings
  • Methanex - Summary
  • Petrobras Chile
  • MORE

BMI View:

Chile's small resource base makes the country heavily dependent upon imports to satisfy demand and promote economic growth. Indeed, Chile in 2011 had to import 97% of total oil needs and 66% of its natural gas requirement. These issues will persist in spite of some long-term upside potential stemming from the country's shale gas prospects. In the meantime, imported liquefied natural gas (LNG)
will play a greater role in energy security.

The key trends and developments in the Chilean oil & gas sector are:

- In terms of domestic production, we forecast both oil and gas to rise moderately in the coming years, with oil production increasing at an average of 1.8% through to 2021 and natural gas increasing at an average rate of 1.05% through to 2015 and then to decline thereafter. At the same time, Chilean consumption of oil and natural gas will steadily increase, adding additional pressure on the government and state-owned Empresa Nacional del Petróleo (ENAP) to increase imports. Indeed, due to the country's small resource base, Chile in 2011 had to import 97% of total oil needs and 66% of its natural gas requirement.

- Today, two LNG import READ MORE >

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Company Profiles
  • Enagas/BG Group
  • GDF Suez - Summary
  • GeoPark Holdings
  • Methanex - Summary
  • Petrobras Chile
  • MORE

BMI Industry View 5

SWOT Analysis 7

Chile Oil and Gas SWOT 7

Industry Forecast Scenario 8

Oil And Gas Reserves 8
Table: Chile Proven Oil and Gas Reserves and Total Petroleum Data, 2010-2016 8
Table: Chile Proven Oil and Gas Reserves and Total Petroleum Data, 2015-2021 9

Oil Supply And Demand 12
Table: Chile Oil Production, Consumption and Net Exports, 2010-2016 12
Table: Chile Oil Production, Consumption and Net Exports, 2015-2021 13

Gas Supply And Demand 14
Table: Chile Gas Production, Consumption and Net Exports, 2010-2016 14
Table: Chile Gas Production, Consumption and Net Exports, 2015-2021 16

Liquefied Natural Gas 18

Refining And Oil Products Trade 19

Revenues/Import Costs 19

Key Risks To BMI's Forecast Scenario 20

Country Risk/Reward Ratings 21

Chile Upstream Rating - Rewards 21

Chile Upstream Rating - Risks 21

Chile Downstream Rating - Overview 21

Regional Risk/Reward Rating 22
Table: Latin American Oil & Gas Risk/Reward Ratings 23
Table: Upstream Risk/Reward Ratings 25
Table: Downstream Risk/Reward Ratings 27

Chile Energy Market Overview 28

Overview/State Role 29

Licensing And Regulation 29

Government Policy 29

Licensing Rounds 29

Second International Magallanes Tender 29

First International Magallanes Tender 30

International Energy Relations 30

Argentina 30

Trinidad & Tobago 30

Oil & Gas Infrastructure 31

Oil Refineries 31
Table: Refineries In Chile 31

Service Stations 32

Gas Pipelines 32

LNG Terminals 32
Table: LNG Terminals In Chile 33

Competitive Landscape 34

Executive Summary 34
Table: Chile - Key Players 35
Table: Chile - Key Upstream Players 35
Table: Key Downstream Players 36

Company Profiles 37

ENAP - Empresa Nacional del Petróleo 37

Copec (Compañía de Petróleos de Chile) 40

Shell Chile 42

Petrobras Chile 44

Repsol 46

GeoPark Holdings 48

Wintershall - Summary 50

ExxonMobil Cono Sur - Summary 51

Pan American Energy - Summary 51

GDF Suez - Summary 51

Methanex - Summary 51

Enagas/BG Group 52

Regional Energy Market Outlook 53

Global Energy Market Outlook 58
Table: Global Oil Demand Forecasts - A Comparison 60

Latin America - Regional Appendix 64
Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) 64
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) 64
Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) 65
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) 65
Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) 66
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) 67
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) 67
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) 68
Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) 68
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) 69
Table: LNG Exports - Historical Data & Forecasts, 2009-2016 (bcm) 69
Table: LNG Exports - Long-Term Forecasts, 2014-2021 (bcm) 70

Methodology And Risks To Forecasts 71

Glossary Of Terms 72
Table: Glossary Of Terms 72

Oil & Gas Risk/Reward Ratings Methodology 74

Ratings Overview 74
Table: BMI's Oil & Gas Business Environment Ratings - Structure 75

Indicators 75
Table: BMI's Oil & Gas Upstream Ratings - Methodology 75
Table: BMI's Oil & Gas Business Environment Downstream Ratings - Methodology 76

BMI Methodology 78

How We Generate Our Industry Forecasts 78

Energy Industry 78

Cross checks 79

Sources 79

Note: Product cover images may vary from those shown

Company Profiles
ENAP - Empresa Nacional del Petróleo
Copec (Compañía de Petróleos de Chile)
Shell Chile
Petrobras Chile
Repsol
GeoPark Holdings
Wintershall - Summary
ExxonMobil Cono Sur - Summary
Pan American Energy - Summary
GDF Suez - Summary
Methanex - Summary
Enagas/BG Group

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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Our Clients

BG Group Plc. Baker Hughes Incorporated Victaulic Company SNF Floerger Group Honeywell International, Inc. GDF SUEZ S.A. Royal Dutch Shell PLC