Business Monitor International


Czech Republic Oil & Gas Report

Published 14 November 2014

  • 100 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Czech Republic Oil & Gas Report

BMI View : While a moratorium on shale gas exploration, the Czech Republic will remain highly dependent on imported oil and gas, mostly from Russia, as conventional hydrocarbons production potential is limited. With demand trends remaining relatively weak, a small increase in refinery utilisation rates should see only a modest rise in net refined products import needs throughout our forecast period.

Headline Forecasts (Czech Republic 2012-2018)
  2012 2013 2014f 2015f 2016f 2017f 2018f
Crude, NGPL & other liquids prod, 000b/d 6.2 6.0 5.9 5.7 5.6 5.4 5.3
Refined products production & ethanol, 000b/d 155.3 144.0 159.8 161.4 163.1 163.9 164.7
Refined products consumption & ethanol, 000b/d 203.1 197.4 199.7 203.8 208.1 212.5 216.9
Dry natural gas production, bcm 0.2 0.3 0.2 0.2 0.2 0.2 0.2
Dry natural gas consumption, bcm 8.2 8.1 8.1 8.1 8.2 8.2 8.2
f = BMI forecast. Source: EIA, BMI

Click here to explore data

The main trends and developments we highlight for the Czech Republic's oil and gas sector are:

  • Plans to freeze shale gas exploration for two years to allow the government to draft and implement new legislation have found plenty of support, meaning that drilling activity is unlikely in the short-to-medium term. However, given that the Czech Republic is highly dependent on Russian gas, the recent events between Russia and the EU over Ukraine could provide incentive to reconsider talks over allowing exploration.

  • The Czech Republic produces negligible volumes of domestic gas or oil, with limited upside risk to future production, meaning the country will remain significantly dependent on Russian hydrocarbon imports within our forecast period.

  • We expect a very slow ramp up in gas consumption from power projects and use in the residential sector. This will slightly accelerate towards the end of our forecast...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
10
Oil And Gas Reserves
10
Table: Czech Republic Proven Oil & Gas Reserves And Total Petroleum Data, 2012-2017
10
Table: Czech Republic Proven Oil & Gas Reserves And Total Petroleum Data, 2018-2023
11
Oil Supply And Demand
13
Table: Czech Republic Oil Production, Consumption And Net Exports, 2012-2017
13
Table: Czech Republic Oil Production, Consumption And Net Exports, 2018-2023
14
Gas Supply And Demand
16
Table: Czech Republic Gas Production, Consumption And Net Exports, 2012-2017
16
Table: Czech Republic Gas Production, Consumption And Net Exports, 2018-2023
17
Refining And Oil Products Trade
19
Table: Czech Republic Refining - Production And Consumption, 2012-2017
19
Table: Czech Republic Refining - Production And Consumption, 2018-2023
20
Revenues/Import Costs
21
Risks To Outlook
21
Industry Risk Reward Ratings
22
Central And Eastern Europe - Risk/Reward Ratings
22
Table: Central And Eastern Europe Risk/Reward Ratings
23
Caspian Retains Upstream Ratings Lead
23
Russia: Large Resource Base, But Growing Technical Challenges
26
Regional Minnows Breaking In
27
Table: CEE Upstream Risk/Reward Rating
28
Little Change In Downstream Rankings
28
Table: CEE Downstream Risk/Reward Ratings
31
Czech Republic - Risk/Reward Ratings
32
Market Overview
34
Czech Republic Energy Market Overview
34
Overview/State Role
36
Licensing And Regulation
37
Government Policy
38
International Energy Relations
38
Oil & Gas Infrastructure
39
Oil Refineries
39
Table: Refineries In Czech Republic
40
Service Stations
40
Oil Storage Facilities
40
Oil Pipelines
41
Gas Storage Facilities
42
Gas Pipelines
42
Competitive Landscape
44
Competitive Landscape Summary
44
Table: Key Players - Czech Oil And Gas Sector
45
Table: Key Upstream Player
45
Table: Key Downstream Players
46
Company Profile
47
Unipetrol
47
Shell Czech Republic
52
Other Summaries
54
Regional Overview
58
Central And Eastern Europe Overview
58
Trade Dynamic To Persist But Growth Moves East
60
Weaning Off Russian Oil And Gas Proving Difficult
61
Azerbaijan Main Beneficiary Of Eastern Europe's Russian Fatigue
63
Moving From Pipeline To LNG
65
South Stream Looking Weak
66
Black (Sea) Gold Could Provide Relief
66
Shale Gas Showdown
67
Global Industry Overview
70
Global Energy Market Overview
70
OPEC Reconsiders Modus Operandi
72
Production Outages Look Likely To Persist
73
Global Oil Demand Picks Up
74
Capex Growth Cycle Shifting Gears
76
Table: BMI Oil Price Forecasts, Annual Average, USD/bbl
76
Appendix
79
Central And Eastern Europe - Regional Appendix
79
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
79
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
80
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
80
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
81
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
82
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
83
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
83
Table: Gas Consumption - Long-Term Forecasts, 2015-2023 (bcm)
84
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
85
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
86
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
86
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
87
Czech Republic - Refined Products Breakdown, 10-year Forecasts
88
Table: Czech Republic Refined Petroleum Products, Production Breakdown, 2012-2017
88
Table: Czech Republic Refined Petroleum Products, Production Breakdown, 2018-2023
89
Table: Czech Republic Refined Petroleum Products, Consumption Breakdown, 2012-2017
90
Table: Czech Republic Refined Petroleum Products, Consumption Breakdown, 2018-2023
91
Table: Czech Republic Refined Petroleum Products, Net Exports Breakdown, 2012-2017
93
Glossary
94
Table: Glossary Of Terms
94
Methodology
96
Industry Forecast Methodology
96
Source
98
Risk/Reward Ratings Methodology
98
Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings
100
Table: Weighting
101

The Czech Republic Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Czech Republic including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Czech Republic Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Czech oil and gas industry.

Key Benefits

  • Benchmark BMI's independent oil and gas industry forecasts for Czech Republic to test consensus views - a key input for successful budgeting and strategic business planning in the Czech oil and gas market.
  • Target business opportunities and risks in the Czech oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Czech Republic.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Regional Overview

Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports of oil, gas and LNG.

Business Environment Rankings

BMI's Oil and Gas Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (independents, NOCs, IOCs and oil services companies) in the upstream and downstream markets.

The rankings methodology makes sophisticated use of more than 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.

Oil Market Outlook and Oil Products Outlook

Based on our country coverage of over 99% of global oil and gas production and consumption, BMI provides demand, supply and price forecasts to end-2018 for oil, gas and oil products

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Pricing: Oil price (US$/bbl, WTI, Brent, OPEC basket, Urals); Oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene - US$/bbl) at global hubs

Production, Consumption, Capacity and Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (`000b/d); Proven gas reserves (tcm), production and consumption (bcm)

Imports and Exports: Oil exports/imports (`000b/d), value of oil exports/imports (US$mn - BMI base case); Value of oil exports at constant US$50/bbl and constant US$100/bbl (US$mn); Gas exports/imports (bcm), Value of gas exports/imports (US$mn); Value of gas exports/imports at constant US$50/bbl and US$100/bbl (US$mn); Value of petroleum exports/imports (US$mn); Value of petroleum exports/imports at constant US$50/bbl and US$100/bbl (US$mn)

BMI Macroeconomic Forecasts

BMI forecasts to end-2018 for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape

Comparative company analyses by US$ sales, % share of total sales, number of employees, year established, ownership structure, oil production ('000b/d), gas production (bcm), downstream capacity ('000b/d) and % market share.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc