Business Monitor International


Qatar Oil & Gas Report

Published 15 July 2014

  • 107 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Qatar Oil & Gas Report

BMI View: Fuelled by the world's third largest proven conventional gas reserves, Qatar has positioned itself as the leading global exporter of liquefied natural gas (LNG). Rising competition, led by liquefaction growth in Australia and potentially the US and East Africa, will pose a challenge to Qatar's hold on the global gas market later in the decade. Qatar is responding by making increasing efforts diversify its economy through expanding its downstream and petrochemical sectors .The country is growing the international presence of Qatar Petroleum International to offset what will likely be slow growth in domestic oil and gas revenues given the absence of plans for an expansion of LNG and GTL export capacity.

We highlight the following trends and developments in Qatar's oil and gas sector:

  • The first phase of the Barzan natural gas project is due to begin production before the end of 2014 and was 80% complete in December 2013. Barzan gas could add as much as 17bn cubic metres (bcm) of new production from 2015, which will largely supplement declining projects elsewhere and supply new gas for Qatar's domestic market. Phase II of the project could completed by late 2015.

  • Qatar is expected to see reduced investment in its oil and gas sector over the coming quarters. The moratorium on the North Field is expected to remain in place until at least 2015, cutting the prospects for new gas related projects over the next two years. We anticipate this to be a longer-term trend as Qatar attempts to diversify its economy in order to rely less on oil and gas. The majority of upstream investment in the next three years will focus on oil field redevelopments.

  • Qatar's upstream prospects are increasingly limited with the North Field moratorium in place and no expansions for liquefied natural gas (LNG) and gas-to-liquids (GTL) capacity in the pipeline. Qatar is facing growing challenges from the expansion of LNG liquefaction facilities in Australia and eventually the US...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
11
Oil And Gas Reserves
11
Table: Qatar Proven Oil & Gas Reserves And Total Petroleum Data, 2012-2017
11
Table: Qatar Proven Oil & Gas Reserves And Total Petroleum Data, 2018-2023
12
Oil Supply And Demand
14
Table: Qatar Oil Production And Net Exports 2012-2017
14
Table: Qatar Oil Production And Net Exports 2018-2023
14
Gas Supply And Demand
18
Table: Qatar Gas Production, Consumption And Net Exports 2012-2017
18
Table: Qatar Gas Production, Consumption And Net Exports 2018-2023
19
LNG
22
Table: Qatar LNG Infrastructure
24
Refining And Oil Products Trade
27
Table: Qatar Refining - Production And Consumption, 2012-2017
27
Table: Qatar Refining - Production And Consumption 2018-2023
27
Key Risks To BMI's Forecast Scenario
29
Industry Risk Reward Ratings
30
Middle East - Risk/Reward Ratings
30
Table: BMI's Middle East Oil & Gas Risk/Reward Ratings (RRRs)
31
Table: Middle East Upstream Oil & Gas Risk/Reward Rating
33
Table: Middle East Downstream Oil & Gas Risk/Reward Rating
35
Qatar - Risk/Reward Ratings
37
Market Overview
38
Qatar Energy Market Overview
38
Overview/State Role
39
Licensing And Regulation
39
Government Policy
40
International Energy Relations
40
Oil And Gas Infrastructure
42
Oil Refineries
42
Table: Refineries In Qatar
42
Table: GTL Plants In Qatar
44
LNG Terminals
44
Table: LNG Terminals In Qatar
45
Gas Pipelines
46
Competitive Landscape
48
Competitive Landscape Summary
48
Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector
49
Table: Key Upstream Players
49
Table: Key Downstream Player
49
Company Profile
50
Qatar Petroleum
50
ExxonMobil Oil Qatar
56
Total Qatar
59
Royal Dutch Shell
63
Other Summaries
66
Regional Overview
73
Middle East Energy Market Overview
73
Proven Producers Invest To Lift Oil Output
73
OPEC: Major Hurdles Ahead
78
Consuming It All
80
Gas Rises, But Consumption Does Too
82
Global Industry Overview
86
Global Energy Market Overview
86
OPEC Reconsiders Modus Operandi
88
Production Outages Look Likely To Persist
89
Global Oil Demand Picks Up
90
Capex Growth Cycle Shifting Gears
92
Table: BMI Oil Price Forecasts, Annual Average, USD/bbl
92
Appendix
95
Middle East - Regional Appendix
95
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
95
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
96
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
96
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
97
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
97
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
98
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
98
Table: Gas Consumption, 2015-2023 (bcm)
99
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
99
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
100
Table: Net LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
100
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
101
Qatar - Refined Products Breakdown, 10-year Forecasts
102
Table: Qatar Refined Petroleum Products, Production Breakdown 2012-2017
102
Table: Qatar Refined Petroleum Products, Production Breakdown 2018-2023
103
Table: Qatar Refined Petroleum Products, Consumption Breakdown 2012-2018
104
Table: Qatar Refined Petroleum Products, Consumption Breakdown 2018-2023
105
Table: Qatar Refined Petroleum Products, Net Exports Breakdown 2012-2018
106
Table: Qatar Refined Petroleum Products, Net Exports Breakdown 2018-2023
107
Table: Qatar LPG Production, Consumption and Net Exports 2012-2018
108
Table: Qatar LPG Production, Consumption and Net Exports 2018-2023
108
Glossary
110
Table: Glossary Of Terms
110
Methodology
112
Industry Forecast Methodology
112
Source
114
Risk/Reward Ratings Methodology
114
Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings
116
Table: Weighting
117

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

Key Benefits

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