Business Monitor International


Qatar Oil & Gas Report

Published 07 April 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, the US and potentially 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. Furthermore, 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:

  • Qatar is expected to see reduced investment in its oil and gas sector. 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 short term. 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 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) cargoes and gas-to-liquids (GTL) in the pipeline. Qatar is facing growing challenges from the expansion of LNG liquefaction facilities in Australia and eventually the US and East Africa. Greater LNG volumes on the international market could put downward pressure on prices over the longer term.

  • We expect Qatari gas production to reach 155bn cubic metres (bcm) by the end of our forecast period in 2023, up from around 148bcm in 2014. Production will remain largely flat following the completion of the second phase of the Barzan gas project in 2015. The vast majority of new production brought online...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
10
Oil And Gas Reserves
10
Table: Qatar Proven Oil & Gas Reserves And Total Petroleum Data, 2011-2016
10
Table: Qatar Proven Oil & Gas Reserves And Total Petroleum Data, 2017-2022
11
Oil Supply And Demand
13
Table: Qatar Oil Production And Net Exports
13
Table: Qatar Oil Production And Net Exports
13
Gas Supply And Demand
16
Table: Qatar Gas Production, Consumption And Net Exports
16
Table: Qatar Gas Production, Consumption And Net Exports
17
LNG
20
Table: Qatar LNG Infrastructure
21
Refining And Oil Products Trade
23
Table: Qatar Refining - Production And Consumption, 2011-2016
23
Table: Qatar Refining - Production And Consumption
23
Key Risks To BMI's Forecast Scenario
25
Industry Risk Reward Ratings
26
Middle East - Risk
Middle East - Risk
Table: BMI's Middle East Oil & Gas Risk
Table: BMI's Middle East Oil & Gas Risk
Table: Middle East Upstream Oil & Gas Risk
Table: Middle East Upstream Oil & Gas Risk
Table: Middle East Downstream Oil & Gas Risk
Table: Middle East Downstream Oil & Gas Risk
Qatar - Risk
Qatar - Risk
Market Overview
35
Qatar Energy Market Overview
35
Overview
Overview
Licensing And Regulation
36
Government Policy
36
International Energy Relations
37
Table: Qatar - Major Upstream Projects
39
Oil And Gas Infrastructure
40
Oil Refineries
40
Table: Refineries In Qatar
40
Table: GTL Plants In Qatar
42
LNG Terminals
42
Table: LNG Terminals In Qatar
43
Gas Pipelines
44
Competitive Landscape
46
Competitive Landscape Summary
46
Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector
47
Table: Key Upstream Players
47
Table: Key Downstream Player
47
Company Profile
48
Qatar Petroleum
48
ExxonMobil Oil Qatar
53
Total Qatar
56
Royal Dutch Shell
59
Other Summaries
62
Regional Overview
68
Middle East Energy Market Overview
68
Consuming It All
76
Gas Rises, But Consumption Does Too
78
Global Industry Overview
84
Global Energy Market Overview
84
Appendix
92
Middle East - Regional Appendix
92
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b
Table: Oil Consumption - Long-Term Forecasts, 2015-2022 ('000b
Table: Oil Consumption - Long-Term Forecasts, 2015-2022 ('000b
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b
Table: Oil Production - Long-Term Forecasts, 2015-2022 ('000b
Table: Oil Production - Long-Term Forecasts, 2015-2022 ('000b
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b
Table: Refining Capacity - Long-Term Forecasts, 2015-2022 ('000b
Table: Refining Capacity - Long-Term Forecasts, 2015-2022 ('000b
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
95
Table: Gas Consumption, 2015-2022 (bcm)
96
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
96
Table: Gas Production - Long-Term Forecasts, 2015-2022 (bcm)
97
Table: Net LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
97
Table: Net LNG Exports - Long-Term Forecasts, 2015-2022 (bcm)
98
Glossary
99
Table: Glossary Of Terms
99
Methodology
101
Industry Forecast Methodology
101
Source
103
Risk
Risk
Table: Bmi's Oil & Gas Upstream Risk
Table: Bmi's Oil & Gas Upstream Risk
Table: Weighting
107

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 Ratings

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

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