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The Asia-Pacific Oil & Gas Sectors : A Company and Industry Analysis (July 2004)

  • ID: 656309
  • Report
  • July 2004
  • 48 pages
  • Mergent
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Current Environment - Key Points
- The new -oil shock- to the global economy intensified as crude oil prices simmered at $42.45, a 21-year high, in the second quarter of 2004
- Runaway oil prices are historically a major contributor to spiraling and out-of-control inflation
- The International Energy Agency (IEA) forecasts that world oil consumption will rise by 3.8 million barrels per day (bpd) from Q2's 78.7 million bpd to 82.5 million in Q4
- Oil and gas companies are under pressure to make new discoveries and acquire new cost-efficient reserves to increase supplies
- The fundamentals for the downstream oil sector in Asia-Pacific are now positive and look good in 2004
- Merger and acquisition activities are expected to increase in 2004, with economic growth in Asia- Pacific starting to recover from the effects of SARS, bird flu and the war in Iraq

Industry Profile - Key Points
- With a projected consumption increase to 25.4 million bpd in 2005, possibly reaching 29.4 million bpd in 2010, Asia-Pacific remains the world's most dynamic oil market
- In Asia, extensive gas pipelines supply natural gas for domestic use within each gas producing country
- Major construction projects are also underway on cross-border pipelines to export gas to neighboring countries
- Besides the challenges of continued price volatility, significant technology advancements and regulatory changes, the oil and gas sector is faced with developing unexplored areas and new markets
- Carbon dioxide emissions by oil and gas producing countries are projected to increase from a total of 24 billion metric tons (mt) of carbon dioxide in 2001, to 28 billion mt by 2010, 34 billion mt by 2020 and 37 billion mt by 2025
Market Trends and Outlook - Key Points
- By 2020, primary energy consumption in Asia is expected to grow at an average annual rate of 3.2%, reaching 4.6 billion tons of oil equivalents, a 190% increase from the corresponding total of 2.4 billion tons in 2000
- At the end of the decade, car sales in the booming Chinese market are expected to hit 52 million, and by 2020 car sales are projected to jump to 119 million
- IEA analysis forecast that one year after the oil price increase, some countries would experience a fall in economic output and one percentage point deterioration in their GDP
- Just as Asia-Pacific recovers from last year's unprecedented travel slump due to the SARS outbreak and bird flu, rising jet fuel prices are threatening to clip the wings of Asian carriers
- With spiraling energy prices worldwide, energy supplies for industrial growth in the developing nations of the Asia-Pacific region have reached crisis point

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Current Environment
- Sector Overview
- Sector Performance
- Leading Companies
- Initial Public Offerings
- Merger, Acquisition and
Alliance Activity
Industry Profile
- Industry Size and Value
- Industry Focus
- Sector Investment
- Government Investment
- Research and Development
- Policy and Regulatory
Environment
- Regional and Global Influences
Market Trends and Outlook
- Rising Energy Demand
- Rising Automotive Production
Spurs Fuel Demand
- The Impact of Oil Prices on the
Economy
- Price Hike in Transportation
Sector
- Market Outlook
Country Profiles
- Australia
- Brunei
- China
- India
- Indonesia
- Malaysia
Currency Conversion Table
The Scope of This Report
Key References
Comparative Data
Sales Contacts

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