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Egypt Oil and Gas Report Q1 2013 - Product Image

Egypt Oil and Gas Report Q1 2013

  • ID: 2424627
  • February 2013
  • Region: Egypt
  • 106 pages
  • Business Monitor International

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. With Morsi acting as president, domestic needs are taking priority over exports, as the decision to end gas supplies to Israel confirms and disruption to Jordan and Spain gas supply occurred. 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 727,100 barrels per day (b/d) in 2012 to 648,300b/d in 2021. At the same time, consumption is expected to rise significantly, from 709,200b/d to 945,700 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 set to remain flat, imports of refined products are set to rise from 83,000b/
d in 2011 to over 370,000b/d by 2021.

BMI Industry View 7

SWOT 8

SWOT 8

Industry Forecast 9

Oil and Gas Reserves 9
Table: Egypt Proven Oil and Gas Reserves and Total Petroleum Data, 2010-2015 9
Table: Egypt Proven Oil and Gas Reserves and Total Petroleum Data 2016-2021 10

Oil Supply and Demand 11
Table: Egypt Oil Production, Consumption and Net Exports, 2010-2015 11
Table: Egypt Oil Production, Consumption and Net Exports, 2016-2021 12

Gas Supply And Demand 13
Table: Egypt Gas Production, Consumption and Net Exports, 2010-2015 13
Table: Egypt Gas Production, Consumption and Net Exports 2016-2021 14

LNG 17

Refining And Oil Products Trade 17
Table: Egypt Refining - Production and Consumption, 2010-2015 17
Table: Egypt Refining - Production and Consumption, 2016-2021 18

Revenues/Import Costs 19

Key Risks To BMI's Forecast Scenario 19

Industry Risk Reward Ratings 21

Egypt - Risk/Reward Ratings 21

Regional Risk Reward Ratings 22
Table: Africa's Oil & Gas Risk/Reward Ratings 23
Table: Africa's Oil & Gas Upstream Risk/Reward Ratings 25
Table: Proposed And Planned Refineries In Africa 28
Table: Africa's Downstream Risk/Reward Scores 29

Market Overview 30

Egypt Energy Market Overview 30

Licensing And Regulation 30

Government Policy 30

Licensing Rounds 31

International Energy Relations 31

Oil & Gas Infrastructure 32

Oil Refineries 32
Table: Refineries In Egypt 32

Service Stations 35

Oil Storage Facilities 35

Oil Terminals/Ports 36

Oil Pipelines 36

LNG Terminals 36
Table: LNG Terminals In Egypt 37

Gas Pipelines 38

Competitive Landscape 40
Table: Key Players - Egyptian Energy Sector 41
Table: Key Upstream Players 41
Table: Key Downstream Players 42

Company Profile 43

Egyptian General Petroleum Corporation 43

BP Egypt 45

Eni Egypt 48

Shell Egypt 52

BG Egypt 55

Apache Energy 60

Dana Gas 63

Edison 67

RWE Dea 70

Other Summaries 73

Melrose Resources 73

Lukoil 73

ExxonMobil 73

Chevron 74

Reliance Industries 74

Enel 74

Dana Petroleum 74

Hess/ Premier Oil 76

Kuwait Energy Company 76

TransGlobe Energy 77

Egyptian Refining Company 77

Vegas Oil & Gas 78

Sea Dragon 78

Circle Oil 78

GDF Suez 79

Petroceltic 79

QPI 80

Regional Overview 81

Global Industry Overview 86

Global Energy Market Overview 86
Table: Global Oil Demand Forecasts - A Comparison 89

Inflection point 89

New Frontiers In Production 90

Appendix 94

Africa - Regional Appendix 94
Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) 94
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) 95
Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) 95
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) 96
Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) 97
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) 97
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) 98
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) 99
Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) 99
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) 100
Table: LNG Net Exports - Historical Data & Forecasts, 2009-2016 (bcm) 101
Table: LNG Net Exports - Long-Term Forecasts, 2014-2021 (bcm) 101

Glossary 102
Table: Glossary Of Terms 102

Methodology 104

Energy Industry 105

Cross checks 105

Sources 106

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