In terms of natural gas, in 2010 the region will consume an estimated 496bn cubic metres (bcm) and demand of 625bcm is targeted for 2014. Production of a forecast 415bcm in 2010 should reach 522bcm in 2014, which implies net imports rising from around 81bcm to 104bcm. This is thanks to many Asian gas producers being major exporters. Vietnam’s estimated share of gas consumption in 2010 is 1.84%, while its share of production is put at 2.20%. By 2014, its share of gas consumption is forecast to be 2.56%, with the country accounting for 4.60% of supply.

We continue to predict a 2010 OPEC basket oil price level of US$83.00/bbl. This equates to Brent at just under US$85.00, WTI at almost US$87.60, Urals averaging US$83.60 and Dubai at US$83.55. The 2011 OPEC assumption is US$85.00/bbl, rising to an average of around US$90.00 in 2012 and beyond. For the whole of 2010, we are currently assuming an average global jet fuel price of US$95.50/bbl, compared with around US$70.66 in 2009. The 2010 average global gasoil price, calculated by BMI, is US$92.67/bbl, against US$68.96 in 2009. The 2010 average naphtha price is estimated at US$83.09 – compared with US$59.30/bbl in 2009. For global unleaded gasoline, BMI is now forecasting an average US$95.66/bbl in 2010, up from around US$70.17/bbl in 2009.

Vietnamese real GDP growth in 2010 is assumed by BMI to be 4.4%, followed by a forecast average annual 5.9% increase during 2010 to 2014. Exploration success has been on the rise in Vietnam, with a growing number of international oil companies (IOCs) teaming up with PetroVietnam and finding and developing hydrocarbon resources – particularly gas. We are assuming oil and gas liquids production peaking at 400,000b/d in 2010, before easing back to 372,000b/d by 2014. Beyond 2009, consumption is forecast to increase by around 5-7% per annum to 2014, implying demand of 460,000b/d by the end of the forecast period. Gas production is forecast to increase from the estimated 2010 figure of 9.1bcm to 24.0bcm by 2014 – providing a basis for exports.

Between 2010 and 2019, we are forecasting a decline in Vietnamese oil production of 18.75%, with crude volumes peaking at 400,000b/d in 2010, before slipping to 325,000b/d by 2019. Oil consumption between 2010 and 2019 is set to increase by 68.13%, with growth beyond 2009 ranging from 5.0% to 7.0% per annum and the country using 625,000 b/d by 2019. Gas production is expected to rise from an estimated 9.1bcm in 2010 to 34.0bcm in 2019. With 184% demand growth, we see potential for exports later in the period. Details of BMI’s 10-year forecasts which provide regional and country-specific projections, can be found at the end of this report.

Vietnam takes fourth place, behind China, in BMI’s composite Business Environment (BE) league table, which reflects largely its strong upstream position. The country now holds third place, behind India, in BMI’s updated upstream Business Environment Ratings, with its ranking reflecting a reasonable resource position, better-than-average growth outlook, attractive licensing terms and an IOC-friendly competitive environment. There is a comfortable seven-point gap between Vietnam and fourth-placed Papua New Guinea (PNG), which should keep it safe from any near-term challenges. Vietnam ranks 12th, just behind Hong Kong and Pakistan, in BMI’s downstream Business Environment Ratings, reflecting its modest (but growing) refining capacity, above-average oil and gas demand growth outlook, and low level of retail site intensity.

ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.

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Browse the complete Report on : Philippines Oil and Gas Report Q4 2010

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The latest Philippines Oil & Gas Report from BMI forecasts that the country will account for just 1.02% of Asia Pacific regional oil demand by 2014, while providing 0.75% of supply. Regional oil use of 21.42mn barrels per day (b/d) in 2001 is set to reach a forecast 27.15mn b/d in 2010, then to rise to around 30.21mn b/d by 2014. Regional oil production was around 8.35mn b/d in 2001 and is forecast to average an estimated 8.82mn b/d in 2010. It is set to increase only slightly to 8.89mn b/d by 2014. Oil imports are growing rapidly, because demand growth is outstripping the pace of supply expansion. In 2001 the region was importing an average of 13.07mn b/d. This total will rise to a projected 18.32mn b/d in 2010 and is forecast to reach 21.32mn b/d by 2014. The principal importers will be China, Japan, India and South Korea. By 2014 the only net exporter will be Malaysia.
In terms of natural gas, in 2010 the region will consume an estimated 496bn cubic metres (bcm) and demand of 625bcm is targeted for 2014. Production of a forecast 415bcm in 2010 should reach 522bcm in 2014, which implies net imports rising from around 81bcm to 104bcm. This is thanks to many Asian gas producers being major exporters. The Philippines’ estimated share of gas consumption in 2010 is 0.89%, while its share of production was 1.06%. By 2014, its share of gas consumption is forecast to be 0.85%, with the country accounting for 0.96% of supply.
We continue to predict a 2010 OPEC basket oil price level of US$83.00/bbl. This equates to Brent at just under US$85.00, WTI at almost US$87.60, Urals averaging US$83.60 and Dubai at US$83.55. The 2011 OPEC assumption is US$85.00/bbl, rising to an average of around US$90.00 in 2012 and beyond. For the whole of 2010, we are currently assuming an average global jet fuel price of US$95.50/bbl, compared with around US$70.66 in 2009. The 2010 average global gasoil price, calculated by BMI, is US$92.67/bbl, against US$68.96 in 2009. The 2010 average naphtha price is estimated at US$83.09 – compared with US$59.30/bbl in 2009. For global unleaded gasoline, BMI is now forecasting an average of US$95.66/bbl in 2010, up from around US$70.17/bbl in 2009.
The Philippines’ real GDP growth in 2010 is forecast by BMI to be 4.9%, with an average annual increase of 4.6% expected in 2010-2014. There is international oil company (IOC) and national involvement in domestic upstream activities, leading to substantial gas output growth and some modest liquids expansion. We are assuming oil and gas liquids production of no more than 67,000b/d by 2014, with the country pumping an estimated 60,000b/d in 2010. Beyond 2009, consumption is forecast to increase by up to 3% per annum to 2014, implying end-period demand of 307,000b/d. The import requirement would therefore be about 241,000b/d by 2014. Gas demand is forecast to rise from an estimated 4.4bcm in 2010 to 5.3bcm by 2014, with imports required by the end of the forecast period. Between 2010 and 2019, we are forecasting a reduction in Philippines oil production of 22.62%, with crude volumes peaking at 70,000b/d in 2012/2013 before falling steadily to 51,000b/d in 2019. Oil consumption between 2010 and 2019 is set to increase by 29.20%, with growth slowing to an assumed 2.0% per annum towards the end of the period and the country using 349,000b/d by 2019. Gas production is expected to rise from around 4.4bcm in 2010 to a possible 8.0bcm by 2019. With demand growth of 105%, this will require up to 1.0bcm of imports. Details of BMI’s 10-year forecasts, which provide regional and country-specific projections, can be found later in this report.
The Philippines holds sixth place in BMI’s composite Business Environment (BE) league table. The country ranks eighth, just behind Pakistan, in BMI’s updated upstream Business Environment Ratings, reflecting a reasonable resource position and a better-than-average output growth outlook. The Philippines also ranks eighth, between Thailand and Indonesia, in our downstream Business Environment Ratings, reflecting its modest refinery capacity expansion plans, reasonable oil and gas demand growth outlook and relatively low level of retail site intensity.

About Us

ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.

Contact:

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Browse the complete Report on : Venezuela Oil and Gas Report Q4 2010


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The latest Venezuela Oil & Gas Report forecasts that the country will account for 7.66% of Latin American oil demand by 2014, while providing 25.49% of supply. Latin American regional oil use will average an estimated 7.76mn barrels per day (b/d) in 2010. It should rise to 7.91mn b/d in 2011 and reach 8.41mn b/d by 2014. Regional oil production in 2010 should average an estimated 10.05mn b/d. It is set to rise to 10.63mn b/d by 2014. Oil exports have been slipping, because demand growth has exceeded the pace of supply expansion. In 2001, the region was exporting an average of 3.37mn b/d. This total fell to an estimated 2.29mn b/d in 2010 and is forecast to slip further to 2.22mn b/d in 2014. The principal exporters will be Mexico, Venezuela, Ecuador and Brazil.
In terms of natural gas, the region in 2010 will consume an estimated 209bn cubic metres (bcm), with demand of 252bcm targeted for 2014. Production of an estimated 221bcm in 2010 should reach 247bcm in 2014, and implies 5bcm of net imports at the end of the period. Venezuela contributes an estimated 14.66% to 2010 regional gas consumption, while producing around 13.39%. By 2014, it is expected to consume 13.55% of the region’s gas, while contributing 13.36% to supply.
For 2010 as a whole, we continue to assume an average OPEC basket price of US$83.00 per barrel (bbl), up 36.4% year-on-year (y-o-y). Risk is now clearly on the downside, thanks to the slow progress made during June. However, a full year outturn in excess of US$80 remains a strong possibility and we see no need to review our assumptions at this point. The 2010 US WTI price is now put at US$87.63/bbl. BMI is assuming an OPEC basket price of US$85.00/bbl in 2011, with WTI averaging US$89.74. Our central assumption for 2012 and beyond is an OPEC price averaging US$90.00/bbl, delivering WTI at just over US$95.00.
For 2010, the BMI assumption for premium unleaded gasoline is an average global price of US$95.45/bbl. The overall y-o-y rise in 2010 gasoline prices is put at 36%. Gasoil in 2010 is expected to average US$93.23/bbl. The full-year outturn represents a 35% increase from the 2009 level. For 2010, the annual jet price level is forecast to be US$95.90/bbl. This compares with US$70.66/bbl in 2009. The 2010 average naphtha price is put by BMI at US$83.53/bbl, up 41% from the previous year’s level. Venezuelan real GDP in 2010 is forecast by BMI to fall 3.8%, with an average annual increase of 1.5% expected in 2010-2014. State-owned Petróleos de Venezuela (PdVSA) works in cooperation with numerous international oil company (IOC) partners in conventional and heavy oil projects. Although recent renationalisation moves, changes in taxation and alterations to the licensing system have reduced foreign involvement, several key players appear committed to the country. We are assuming oil and gas liquids production of 2.71mn b/d by 2014, with the country expected to pump 2.53mn b/d in 2010. Consumption beyond the economic weakness of 2009/10 is forecast to increase by up to 2% per annum to 2014, implying demand of 644,000b/d by this point. The export capability would thus be about 2.07mn b/d by 2014. Gas production is forecast to rise from an estimated 29bcm in 2010 to 33bcm over the period, requiring 1.1bcm of imports in 2014.
Between 2010 and 2019, we are forecasting an increase in Venezuelan oil production of 22.8%, with liquids volumes averaging 2.53mn b/d in 2010 before rising steadily to 3.10mn b/d by 2019. Oil consumption between 2010 and 2019 is set to increase by 10.1%, with growth slowing to an assumed 1.0% per annum towards the end of the period and the country using 677,000b/d by 2019. Gas production is expected to rise steadily, from an estimated 29bcm in 2010 to 50.0bcm in 2019. With demand growth of 26.6%, this implies export potential rising to 11.4bcm by 2019. Details of BMI’s 10-year forecasts can be found in the appendix to this report.
Venezuela now takes fifth place, behind Argentina, in BMI’s composite Business Environment (BE) rating, which combines upstream and downstream scores. It now lags Brazil in second place in BMI’s updated upstream Business Environment Ratings, having held much of its ground thanks to its vast hydrocarbons resource base. Now five points behind Brazil and just one ahead of Colombia, its position is far from secure unless the overall risk situation improves dramatically. As well as high scores for reserves, production growth potential and reserves-to-production ratios (RPR), Venezuela benefits from the number of international companies active within its upstream industry. Venezuela now shares eighth place with Ecuador in BMI’s downstream Business Environment Ratings, reflecting its refining capacity, retail site intensity and growth in GDP per capita. Only Bolivia is now below the country, but it is not capable of challenging Venezuela during the next few quarters.

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ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.


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Browse the complete Report on : Hungary Oil and Gas Report Q4 2010


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The latest Hungary Oil & Gas Report from BMI forecasts that the country will account for 2.61% of Central and Eastern European (CEE) regional oil demand by 2014, while providing just 0.18% of supply. CEE regional oil use of 5.42mn b/d in 2001 will have risen to an estimated 6.02mn b/d in 2010. It should increase to around 6.68mn b/d by 2014. Regional oil production was 8.89mn b/d in 2001, and in 2010 averaged an estimated 13.67mn b/d. It is set to rise to 14.44mn b/d by 2014. Oil exports are growing steadily, because demand growth is lagging the pace of supply expansion. In 2001, the region was exporting an average 3.47mn b/d. This total had risen to an estimated 7.65mn b/d in 2010 and is forecast to reach 7.76mn b/d by 2014. Azerbaijan and Kazakhstan have the greatest production growth potential, although Russia will remain the key exporter.
In terms of natural gas, the region in 2010 consumed an estimated 638.6bcm, with demand of 728.8bcm targeted for 2014, representing 14.1% growth. Production of an estimated 788.4bcm in 2010 should reach 936.4bcm in 2014, which implies net exports rising from an estimated 149.8bcm in 2010 to 207.5bcm by the end of the period. Hungary’s share of consumption in 2010 is an estimated 1.64%, which is forecast to rise to 1.89% by 2014. Its contribution to gas production is not significant, with no improvement expected over the forecast period.
For 2010 as a whole, we continue to assume an average OPEC basket price of US$83.00/bbl (+36.4% yo- y). Risk is now clearly on the downside, thanks to the slow progress made during June. However, a full year outturn in excess of US$80 remains a strong possibility and we see no need to review our assumptions at this point. The 2010 US WTI price is now put at US$87.63/bbl. BMI is assuming an OPEC basket price of US$85.00/bbl in 2011, with WTI averaging US$89.74. Our central assumption for 2012 and beyond is an OPEC price averaging US$90.00/bbl, delivering WTI at just over US$95.00. For 2010, the BMI assumption for premium unleaded gasoline is an average global price of US$95.45/bbl. The overall y-o-y rise in 2010 gasoline prices is put at 36%. Gasoil in 2010 is expected to average US$93.23/bbl. The full-year outturn represents a 35% increase from the 2009 level. For 2010, the annual jet price level is forecast to be US$95.90/bbl. This compares with US$70.66/bbl in 2009. The 2010 average naphtha price is put by BMI at US$83.53/bbl, up 41% from the previous year’s level.
Hungarian real GDP is assumed by BMI to have risen by 1.1% in 2010. We are assuming average annual growth of 2.8% in 2010-2014. Hungarian oil consumption reached an estimated 165,000b/d in 2010. We are expecting a gradual, ongoing recovery, held back by the near-term economic outlook, with consumption reaching no more than 174,000b/d by 2014. Domestic production, which is largely in the hands of former state company MOL, is not expected to recover from this decline, with steady slippage leading to higher import volumes, reaching 148,000b/d by 2014. Gas demand is forecast to increase from an estimated 10.5bcm in 2010 to around 13.8bcm in 2014 – implying that net gas imports will reach 11.8bcm by the end of the forecast period.
Between 2010 and 2019, we are forecasting an increase in Hungarian oil consumption of 13.7%, with import volumes rising steadily from an estimated 130,000b/d to 170,000b/d by the end of the 10-year forecast period. Gas consumption is expected to rise from an estimated 10.5bcm to 17.5bcm by 2019, met largely by imports. Details of BMI’s 10-year forecasts can be found in the appendix to this report. Hungary now shares 10th place with Uzbekistan in BMI’s composite Business Environment (BE) Ratings table, which combines upstream and downstream scores. It now holds 13th place in BMI’s updated upstream Business Environment Ratings. The country’s minimal oil and gas reserves and poor production outlook work against the country, but are offset by privatisation progress, the competitive/regulatory environment and reasonable country risk factors. Hungary is below the mid-point of the league table in BMI’s downstream Business Environment Ratings, with a few high scores but no reason to expect nearterm progress further up the ratings. It is in ninth place, ahead of Turkmenistan and Uzbekistan. Refining capacity is among the region’s lowest, with low scores for likely capacity expansion and oil and gas demand growth. Population and GDP per capita also work against Hungary.

About Us


ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.

Contact:


Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/

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Browse the complete Report on: Taiwan Oil and Gas Report Q4 2010

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The latest Taiwan Oil & Gas Report from BMI forecasts that the country will account for 3.67% of Asia Pacific regional oil demand by 2014, while making no meaningful contribution to supply. Regional oil use of 21.42mn barrels per day (b/d) in 2001 is set to reach a forecast 27.15mn b/d in 2010, then to rise to around 30.21mn b/d by 2014. Regional oil production was around 8.35mn b/d in 2001 and is forecast to average an estimated 8.82mn b/d in 2010. It is set to increase only slightly to 8.89mn b/d by 2014. Oil imports are growing rapidly, because demand growth is outstripping the pace of supply expansion. In 2001 the region was importing an average of 13.07mn b/d. This total will rise to a projected 18.32mn b/d in 2010 and is forecast to reach 21.32mn b/d by 2014. The principal importers will be China, Japan, India and South Korea. By 2014 the only net exporter will be Malaysia.
In terms of natural gas, in 2010 the region will consume an estimated 496bcm and demand of 625bcm is targeted for 2014. Production of a forecast 415bcm in 2010 should reach 522bcm in 2014, which implies net imports rising from around 81bcm to 104bcm. This is thanks to many Asian gas producers being major exporters. Taiwan’s estimated share of gas consumption in 2010 is 2.33%, while its share of production is minimal. By 2014, its share of gas consumption is forecast to be 2.17%.
We continue to predict a 2010 OPEC basket oil price level of US$83.00/bbl. This equates to Brent at just under US$85.00, WTI at almost US$87.60, Urals averaging US$83.60 and Dubai at US$83.55. The 2011 OPEC assumption is US$85.00/bbl, rising to an average of around US$90.00 in 2012 and beyond. For the whole of 2010, we are currently assuming an average global jet fuel price of US$95.50/bbl, compared with around US$70.66 in 2009. The 2010 average global gasoil price, calculated by BMI, is US$92.67/bbl, against US$68.96 in 2009. The 2010 average naphtha price is estimated at US$83.09 – compared with US$59.30/bbl in 2009. For global unleaded gasoline, BMI is now forecasting an average US$95.66/bbl in 2010, up from around US$70.17/bbl in 2009.
The 2010 rise in Taiwanese real GDP is estimated by BMI to be 5.0%, followed by forecast average annual growth of 4.7% in 2010-2014. State-owned Chinese Petroleum Corporation (CPC) has been given the task of securing oil and gas supply, but has no significant domestic volumes to contribute. Oil consumption beyond 2009 is forecast to increase by around 2.0% per annum to 2014, implying demand of 1.11mn b/d by the end of the forecast period. Gas usage is expected to rise from the estimated 2010 figure of 11.6bcm to 13.5bcm by 2014, supplied largely by liquefied natural gas (LNG) imports.
Between 2010 and 2019, we are forecasting an increase in Taiwan’s oil consumption from an estimated 1.02mn b/d to 1.22mn b/d, with the country’s refining capacity rising from an estimated 1.20mn b/d to 1.46mn b/d. Gas demand is expected to rise from an estimated 11.6bcm in 2010 to a possible 15.0bcm by 2019, met largely by LNG imports. Details of BMI’s 10-year forecasts, which provide regional and country-specific projections, can be found at the end of this report.
Taiwan takes 15th and last place in BMI’s composite Business Environment (BE) league table, lagging well behind Hong Kong and South Korea. Taiwan also ranks 15th and last in BMI’s updated upstream Business Environment Ratings, thanks to a virtual absence of hydrocarbon resources. The score reflects the total control of the government over upstream oil activities and a healthy country risk profile, the latter offsetting partly the lack of reserves and output growth potential. The country is last in BMI’s downstream Business Environment Ratings, some distance behind nearest rivals Malaysia and Papua New Guinea (PNG). The poor showing reflects its high level of state involvement, relatively high retail site intensity, and modest oil and gas demand growth outlook.


About Us

ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.


Contact:

Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004

http://reportsandreports.blogspot.com/

http://reportsandreports.proarticles.co.uk/

http://reportsnreports.wordpress.com/