Business Monitor International


India Oil & Gas Report

Published 10 October 2014

  • 181 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
India Oil & Gas Report

BMI View: Incremental reforms to India's regulatory regime under the Modi-led government offer upside risk to upstream exploration and production. However, with the country's most prospective resource base in the deepwater offshore and unconventional sectors, wider improvements to the fiscal and licensing terms may be needed to support more substantial increases in investment. The outlook on the refining sector remains heavily bullish, supported by domestic fuel price liberalisation , rising consumption and the sharp fall in the cost of imported crudes.

Headline Forecasts (India 2012-2018)
2012 2013 2014f 2015f 2016f 2017f 2018f
Crude, NGPL & other liquids prod, 000b/d 898.8 884.5 886.1 902.1 890.3 878.4 890.2
Refined products production & ethanol, 000b/d 3,956.7 3,956.7 3,976.5 4,169.3 4,336.1 4,552.9 4,780.5
Refined products consumption & ethanol, 000b/d 3,285.2 3,521.1 3,588.8 3,768.6 3,957.5 4,155.9 4,405.8
Dry natural gas production, bcm 40.4 40.6 40.9 39.5 40.6 48.3 53.6
Dry natural gas consumption, bcm 58.8 61.7 64.6 67.2 70.6 74.3 79.5
f = forecast. Source: National sources, BMI

Click here to explore data

The main trends and developments we highlight for the Indian oil and gas sector are:

  • The Modi-led government is enacting incremental reform to improve the country's wider business environment. Key reforms include a streamlining of bureaucratic procedure and an increase in companies' operational flexibilities.

  • The government has also looked to enact various domestic pricing reforms, including an increase in the domestic gas price cap and a reduction in diesel and petrol subsidies.

  • Unconventional and deepwater resources, which account for the bulk of the prospective resource base, are subject to a separate pricing formula, which has yet to be determined. Interest in the NELP-X licensing round rests...

Table of Contents

BMI Industry View
9
Table: Headline Forecasts (India 2012-2018)
9
SWOT
11
Oil & Gas SWOT
11
Industry Forecast
13
Upstream Exploration
13
Table: Proven Oil and Gas Reserves (India 2012-2017)
13
Table: Proven Oil and Gas Reserves (India 2018-2023)
13
Upstream Projects
16
Table: Key Upstream Projects In India
16
Upstream Production - Oil
19
Table: Oil Production (India 2012-2017)
19
Table: Oil Production (India 2018-2023)
19
Upstream Production - Gas
22
Table: Gas Production (India 2012-2017)
22
Table: Gas Production (India 2018-2023)
22
Table: India's Shale-Rich Basins
25
Refining
28
Table: Refining Capacity and Refined Products Production (India 2012-2017)
28
Table: Refining Capacity and Refined Products Production (India 2018-2023)
28
Refined Fuels Consumption
31
Table: Refined Products Consumption* (India 2012-2017)
31
Table: Refined Products Consumption* (India 2018-2023)
31
Gas Consumption
33
Table: Gas Consumption (India 2012-2017)
33
Table: Gas Consumption (India 2018-2023)
33
Trade - Oil
36
Table: Crude Oil Net Exports (India 2012-2017)
36
Table: Crude Oil Net Exports (India 2018-2023)
36
Table: Refined Fuels Net Exports (India 2012-2017)
38
Table: Refined Fuels Net Exports (India 2018-2023)
38
Table: Total Net Oil Exports - Crude and Products (India 2012-2017)
40
Table: Total Net Oil Exports - Crude and Products (India 2018-2023)
40
Trade - Gas (Pipeline and LNG)
41
Table: Gas Net Exports (India 2012-2017)
41
Table: Gas Net Exports (India 2018-2023)
41
Table: LNG Supply Deals
44
Industry Risk Reward Ratings
46
Asia - Risk/Reward Ratings
46
Table: Asia's Oil & Gas Risk/Reward Ratings
46
Table: Asia Upstream Sector Risk/Reward Ratings
47
Resource-Rich Countries Hit By State Involvement
51
Table: Asia O&G Downstream Risk/Reward Ratings
52
Downstream Support
53
India - Risk/Reward Ratings
56
India Upstream Rating - Overview
56
India Upstream Rating - Rewards
56
India Upstream Rating - Risks
56
India Downstream Rating - Overview
57
Market Overview
58
India Energy Market Overview
58
Overview/State Role
59
Licensing, Regulation And Taxes
59
Table: Oil & Gas Royalty Rates
60
Licensing Rounds
60
Table: Shale Gas Resource Potential
61
Government Policy
64
International Energy Relations
65
India Oil & Gas Infrastructure
66
Oil Refineries
66
Table: Operational Indian Refineries
67
Table: Summary Of New Forecast Capacity
69
Table: Other Outlined Refinery Expansion And Modernisation Projects - Not Forecast
69
Oil Storage Facilities
70
Service Stations
70
Oil Pipelines
70
Table: India - Crude Oil Pipelines
71
Table: India - Refined Products Pipelines
71
Table: India - LPG Pipelines
73
LNG Terminals
73
Table: LNG Terminals In India
74
Gas Storage Facilities
75
Gas Pipelines
75
Table: India - Natural Gas Pipelines
75
Table: Pipelines Outlined Under The 12th Five-Year Plan
76
Competitive Landscape
79
Competitive Landscape Summary
79
Table: Key Players - India Oil And Gas Sector
80
Table: Key Upstream Players
80
Table: Key Downstream Players
80
Company Profile
82
Oil & Natural Gas Corporation (ONGC)
82
Oil India Ltd (OIL)
88
Indian Oil Corporation (IOC)
93
Reliance Industries
97
Hindustan Petroleum Corporation (HPCL)
104
Bharat Petroleum Corporation Ltd (BPCL)
109
Gas Authority of India (GAIL)
114
Cairn India
120
Essar Oil
125
Gujarat State Petroleum Corporation
130
Petronet LNG
134
Other Summaries
138
Regional Overview
143
Asia Overview
143
Slower Oil Consumption Growth
143
Significant Oil Importer Still
146
Tightening In The Downstream
148
Gas Demand Growth To Outshine Oil
150
Gas Production And Export Rise
151
Asia To Absorb Gas Export Growth
153
A Hot Market For LNG
154
Strategies To Lower LNG Prices
157
Sino-Russian Gas Deal Promises Softer Prices
158
Global Industry Overview
159
Global Energy Market Overview
159
Appendix
165
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts
165
Table: Energy Price Forecasts, 2012-2017
165
Table: Energy Price Forecasts, 2018-2023
166
Asia - Regional Appendix
168
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
168
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
169
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
169
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
170
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
171
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
172
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
173
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
174
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
174
Table: Gas Consumption - Long-Term Forecasts, 2015-2023 (bcm)
175
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
176
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
177
India - Total Hydrocarbons, 10-year Forecasts
179
Table: Total Hydrocarbons Production, Consumption & Net Exports (India 2012-2017)
179
Table: Total Hydrocarbons Production, Consumption & Net Exports (India 2018-2023)
179
India - Refined Products Breakdown, 10-Year Forecasts
180
Table: Refined Petroleum Products, Production Breakdown (India 2012-2017)
180
Table: Refined Petroleum Products, Production Breakdown (India 2018-2023)
181
Table: Refined Petroleum Products, Consumption Breakdown (India 2012-2017)
182
Table: Refined Petroleum Products, Consumption Breakdown (India 2018-2023)
183
Table: Refined Petroleum Products, Net Exports Breakdown (India 2012-2017)
184
Table: Refined Petroleum Products, Net Exports Breakdown (India 2018-2023)
185
Table: LPG Production, Consumption And Net Exports (India 2012-2017)
186
Table: LPG Production, Consumption And Net Exports (India 2018-2023)
187
Glossary
188
Table: Glossary Of Terms
188
Methodology
190
Industry Forecast Methodology
190
Source
192
Risk/Reward Ratings Methodology
192
Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings
194
Table: Weighting
195

The India Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for India 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 India Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Indian oil and gas industry.

Key Benefits

  • Benchmark BMI's independent oil and gas industry forecasts for India to test consensus views - a key input for successful budgeting and strategic business planning in the Indian oil and gas market.
  • Target business opportunities and risks in the Indian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in India.
  • 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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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