Business Monitor International


Qatar Oil & Gas Report

Published 07 April 2014

  • 107 pages
  • Instant access to your report online and PDF format through your account library
  • 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
10
Oil And Gas Reserves
10
Table: Qatar Proven Oil & Gas Reserves And Total Petroleum Data
10
Table: Qatar Proven Oil & Gas Reserves And Total Petroleum Data
11
Oil Supply And Demand
13
Table: Qatar Oil Production, Consumption And Net Exports
13
Table: Qatar Oil Production, Consumption 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
Refining And Oil Products Trade
20
Table: Qatar Refining - Production And Consumption
20
Table: Qatar Refining - Production And Consumption
21
Revenues/Import Costs
22
Key Risks To BMI's Forecast Scenario
22
Industry Risk Reward Ratings
23
Qatar - Risk/Reward Ratings
23
Middle East - Risk/Reward Ratings
24
Resilient Risks Rankings Despite Change In Critical Region
24
Table: Middle East Oil & Gas Risk Reward Ratings
24
Table: Middle East Upstream Oil & Gas Risk Reward Rating
26
Table: Middle East Downstream Oil & Gas Risk Reward Rating
27
Market Overview
28
Qatar Energy Market Overview
28
Licensing And Regulation
28
Government Policy
28
International Energy Relations
28
Table: Qatar - Major Upstream Projects
30
Oil And Gas Infrastructure
30
Oil Refineries
30
Table: Refineries In Qatar
30
Table: GTL Plants In Qatar
32
LNG Terminals
33
Table: LNG Terminals In Qatar
33
Gas Pipelines
35
Competitive Landscape
36
Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector
37
Table: Key Upstream Players
37
Table: Key Downstream Player
37
Company Profile
38
Qatar Petroleum
38
ExxonMobile Oil Qatar
42
Total Qatar
45
Royal Dutch Shell
48
Other Summaries
51
Regional Overview
56
Iraq: Abundance of Risk, Abundance Of Potential
56
Proven Producers Invest To Lift Output
57
Gas Rises, But Consumption Does Too
59
Uncertainty In Tehran
61
Global Industry Overview
62
Global Energy Market Overview
62
Table: BMI's Oil Price Forecasts & Bloomberg Analyst Consensus, Average Price (US$/bbl)
63
Table: Global Oil Demand Forecasts
69
Appendix
71
Middle East - Regional Appendix
71
Table: Oil Consumption - Historical Data & Forecasts, 2010-2017 ('000b/d)
71
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d)
71
Table: Oil Production - Historical Data & Forecasts, 2010-2017 ('000b/d)
72
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d)
73
Table: Refining Capacity - Historical Data & Forecasts, 2010-2017 ('000b/d)
73
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d)
74
Table: Gas Consumption - Historical Data & Forecasts, 2010-2017 (bcm)
74
Table: Gas Consumption, 2014-2021 (bcm)
75
Table: Gas Production - Historical Data & Forecasts, 2010-2017 (bcm)
75
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)
76
Table: Net LNG Exports - Historical Data & Forecasts, 2010-2017 (bcm)
77
Table: Net LNG Exports - Long-Term Forecasts, 2014-2021 (bcm)
77
Glossary
78
Table: Glossary Of Terms
78
Methodology
80
Energy Industry
81
Cross checks
81
Sources
82

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