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Qatar Oil and Gas Report Q1 2013 - Product Image

Qatar Oil and Gas Report Q1 2013

  • ID: 2424639
  • February 2013
  • Region: Qatar
  • 81 pages
  • Business Monitor International

BMI View

Qatar sits on the world's third-largest proven gas reserves, which are concentrated in the offshore North Field. The country's robust efforts to commercialise this deposit have resulted in Qatar becoming the world's largest liquefied natural gas (LNG) exporter. We see it sustaining this lead over the forecast period. The successful deployment of gas-to-liquids (GTL) technology will also support its petroleum export volumes, although pricing dynamics must remain accommodative for GTL technology to remain economical over the long term. Qatar's crude oil prospects are less exciting, as its oil reserves are modest in comparison with its Persian Gulf neighbours.

We highlight the following trends and developments in Qatar's oil and gas sector:

- BMI sees Qatari gas production growing to nearly 154bcm by 2021, with sustained annual growth over the forecast period, albeit at a slowing rate. However, given the economy's robust growth outlook, Qatar's domestic gas consumption is also set to rise quickly, to as much as 68bcm over the same period.

- Our forecasts see the country's theoretical gas exports peaking in 2016 at 85.7bcm, pending an increase in pipeline exports to the UAE and Oman through the Dolphin pipeline and/or the construction of new liquefaction trains. We forecast gas exports to remain close to this level through the end of our forecast period in 2021. Additional long-term supply contracts, particularly to Asian countries including Japan,
also support the view that exports will remain elevated for the foreseeable future.

BMI Industry View 7

SWOT 8

Industry Forecast 9

Industry Forecast Scenario 9
Table: Qatar Proven Oil And Gas Reserves And Total Petroleum Data, 2011-2016 9
Table: Qatar Proven Oil And Gas Reserves And Total Petroleum Data, 2017-2022 10
Table: Qatar Oil Production, Consumption And Net Exports, 2011-2016 10
Table: Qatar Oil Production, Consumption And Net Exports, 2017-2022 11
Table: Qatar Gas Production, Consumption And Net Exports, 2011-2016 12
Table: Qatar Gas Production, Consumption And Net Exports, 2017-2022 13
Table: Qatar Refining - Production And Consumption, 2011-2016 14
Table: Qatar Refining - Production And Consumption, 2017-2022 14

Oil And Gas Reserves 15

Oil Supply And Demand 16

Gas Supply And Demand 17

LNG 18

Refining And Oil Products Trade 18

Revenues/Import Costs 19

Key Risks To BMI's Forecast Scenario 19

Industry Risk Reward Ratings 20

Qatar Risk/Reward Ratings 20

Regional O&G Risk Reward/Ratings 21
Table: Oil & Gas Risk/Reward Ratings 22
Table: Middle East Downstream Oil & Gas Risk/Reward Ratings 26
Table: Middle East Upstream Oil & Gas Risk/Rewards Ratings 27

Market Overview 29

Qatar Energy Market Overview 29

Licensing And Regulation 29

Government Policy 29

International Energy Relations 29
Table: Qatar - Major Upstream Projects 31

Oil & Gas Infrastructure 31
Table: Refineries In Qatar 31
Table: GTL Plants In Qatar 33
Table: LNG Terminals In Qatar 34

Competitive Landscape 37

Competitive Landscape 37
Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector 38
Table: Key Upstream Players 38
Table: Key Downstream Player 38

Company Profile 39

Qatar Petroleum 39

ExxonMobile Oil Qatar 42

Total Qatar 45

Royal Dutch Shell 48

Other Companies - Summary 51

Maersk Oil - Summary 51

Occidental Petroleum - Summary 51

Qatargas - Summary 51

RasGas - Summary 52

Tasweeq - Summary 53

Sasol - Summary 53

ConocoPhillips - Summary 53

Cosmo Oil - Summary 53

Wintershall - Summary 54

GDF Suez - Summary 54

CNOOC - Summary 54

PetroChina - Summary 54

Others - Summary 55

Regional Overview 56

Regional Energy Market Overview 56

Iraq: Abundance of Risk, Abundance Of Potential 56

Proven Producers Invest To Lift Output 57

Gas Rises, But Consumption Does Too 59

Uncertainty In Tehran 61

Global Industry Overview 62

Global Energy Market Overview 62
Table: Global Oil Demand Forecasts - A Comparison 65

Inflection point 65

New Frontiers In Production 66

Appendix 70

Regional Appendix 70
Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d) 70
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) 70
Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d) 71
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) 72
Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d) 72
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) 73
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) 73
Table: Gas Consumption, 2014-2021 (bcm) 74
Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm) 74
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) 75
Table: Net LNG Exports - Historical Data & Forecasts, 2009-2016 (bcm) 75
Table: Net LNG Exports - Long-Term Forecasts, 2014-2021 (bcm) 76

Glossary 77
Table: Glossary Of Terms 77

Methodology 79

Energy Industry 80

Cross checks 80

Sources 81

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