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Hungary Oil and Gas Report Q1 2016

  • ID: 3505811
  • December 2015
  • Region: Hungary
  • 84 pages
  • Business Monitor International
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FEATURED COMPANIES

  • Agip Hungaria
  • MOL
  • OMV Hungary
  • Shell Hungary
  • MORE

Despite an efficient refining sector and favourable regulatory environment Hungary's weak upstream profile renders the country one of the least attractive oil and gas markets in Central and Eastern Europe. Small and depleting reserves will push Hungary's oil and gas production lower over the coming decade thus making the country increasingly dependent on energy imports from Russia.

The main trends and developments for Hungary's oil & gas sector are:
- In July 2015, the Croatian government has declared the Krk LNG project a "strategic investment", and is expecting to begin construction in mid-2016. A three-year construction timeframe for the facility has been outlined, with expected completion by the end of 2019. We believe the LNG project will boost the flexibility of the gas market in Hungary and the wider region, and improve bargaining power against Russian gas supplies.

- In February 2015, Hungary and Russia reached an agreement on the unused volumes of gas in line with a gas supply contract signed between the two countries in 1996. The new deal freed Budapest from 'take or pay' contracts and replaced them with an agreement that Hungary only needs to pay for the gas it consumes.

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

  • Agip Hungaria
  • MOL
  • OMV Hungary
  • Shell Hungary
  • MORE

Table: Headline Forecasts (Hungary 2013-2019)

SWOT

Oil & Gas SWOT

Industry Forecast

Upstream Exploration

Latest Updates

Structural Trends
Table: Proven Oil and Gas Reserves (Hungary 2013-2018)
Table: Proven Oil and Gas Reserves (Hungary 2019-2024)

Upstream Projects
Table: Hungary - Main Upstream Projects

Upstream Production - Oil

Latest Updates

Structural Trends
Table: Oil Production (Hungary 2013-2018)
Table: Oil Production (Hungary 2019-2024)

Upstream Production - Gas

Latest Updates

Structural Trends
Table: Gas Production (Hungary 2013-2018)
Table: Gas Production (Hungary 2019-2024)

Refining

Latest Updates

Structural Trends
Table: Refining Capacity And Refined Products Production (Hungary 2013-2018)
Table: Refining Capacity And Refined Products Production (Hungary 2019-2024)

Refined Fuels Consumption

Latest Updates

Structural Trends
Table: Refined Products Consumption (Hungary 2013-2018)
Table: Refined Products Consumption (Hungary 2019-2024)

Gas Consumption

Latest Updates

Structural Trends
Table: Gas Consumption (Hungary 2013-2018)
Table: Gas Consumption (Hungary 2019-2024)

Trade - Oil

Crude Oil Net Trade

Latest Updates

Structural Trends
Table: Crude Oil Net Exports (Hungary 2013-2019)
Table: Crude Oil Net Exports (Hungary 2019-2024)

Refined Products Net Trade

Latest Updates
Table: Refined Fuels Net Exports (Hungary 2013-2018)
Table: Refined Fuels Net Exports (Hungary 2019-2024)

Trade - Gas (Pipeline And LNG)

Latest Updates

Structural Trends
Table: Gas Net Exports (Hungary 2013-2018)
Table: Gas Net Exports (Hungary 2019-2024)

Industry Risk Reward Index

Central And Eastern Europe Oil & Gas Risk/Reward Index
Table: CEE: High Risk, Low Reward
Table: CEE Upstream, Downstream And Overall Risk/Reward Index

Upstream: China Still The Target Market
Table: CEE Upstream Risk/Reward Index

Downstream: Turkish STAR Only Bright Spot In Weak Market
Table: CEE Downstream Risk/Reward Index

Hungary - Risk/Reward Index

Hungary Upstream Index - Overview

Hungary Upstream Index - Rewards

Hungary Upstream Index - Risks

Hungary Downstream Index - Overview

Market Overview

Hungary Energy Market Overview

Regulatory Structure

Oil And Gas Infrastructure

Oil Refineries
Table: Refineries In Hungary

Service Stations

Oil Storage Facilities

Oil Pipelines

Gas Storage Facilities

Gas Pipelines
Table: Gas Pipeline Infrustucture

Competitive Landscape

Competitive Landscape Summary
Table: Key Players - Hungary Oil & Gas Sector
Table: Key Upstream Player
Table: Key Downstream Players

Company Profile

Agip Hungaria

MOL

OMV Hungary

Shell Hungary

Other Summaries

Regional Overview

Central And Eastern Europe Oil & Gas Regional Overview

Oil Production: Caspian Remains Centre Of Growth

Oil Consumption: Fuels Demand Gradually Strengthening

Refining Capacity: Modernisation Over Capacity Additions

Natural Gas Production: Gas Ramp-Up To Feed Red Dragon
Table: Central Asia-China Gas Pipeline Expansions

Gas Consumption: Demand Falters On Struggling Economies
Table: Central & Eastern Europe Oil & Gas Production & Consumption, Refining Capacity & Trade

Glossary
Table: Glossary Of Terms

Methodology

Industry Forecast Methodology

Source

Risk/Reward Index Methodology
Table: Oil & Gas Upstream Risk/Reward Index
Table: Weighting

Note: Product cover images may vary from those shown
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Agip Hungaria
MOL
OMV Hungary
Shell Hungary

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

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