China Oil & Gas Report

Providing expert analysis, independent forecasts and competitive intelligence on the oil and gas industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Oil & Gas Risk Reward Index, Market Summary, Economic Forecasts, Company Profiles, Competitive Landscape and Global and Regional Overview.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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China Oil & Gas Report
Product Price
$1,345.00

The China Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for China 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 China Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Chinese oil and gas industry.

Key Benefits

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

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the upstream and downstream sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast:

  • Pricing: Oil price (USD/bbl, WTI, Brent, OPEC basket, Urals); oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene – USD/bbl) at global hubs.
  • Production, Consumption, Capacity & Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (‘000b/d); proven gas reserves (tcm), production and consumption (bcm) and fuels trade.
  • Imports & Exports: Crude oil exports/imports (‘000s b/d) and value of crude oil trade in USD. Fuels exports/imports (‘000s b/d) and value of fuels trade in USD. Natural gas imports/exports (bcm), by pipeline and/or LNG, and value of natural gas trade.

BMI’s Oil & Gas Risk Reward Index

BMI’s Risk Reward Indices provide investors (independents, NOCs, IOCs, oil services companies) looking for opportunities in the region with a clear country-comparative assessment of the upstream and downstream market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

A profile of the upstream and downstream sectors, including analysis of reserves, output, consumption and trade of energy products; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Competitive landscape

Comparative company analyses by USD 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.

Regional Overview

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

Global Oil Market & 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-2024 for oil, gas and oil products.

Sources

The Oil & gas Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

BMI Industry View
9
Table: Headline Forecasts (China 2014-2020)
9
SWOT
10
Oil & Gas SWOT
10
Industry Forecast
12
China - 13th Five-Year Plan: NPC Sets Stage For Deeper Energy Sector Reforms
12
Upstream Exploration
15
Latest Updates
15
Structural Trends
15
Table: Key Offshore JVs
16
Table: Recoverable Shale Gas Estimates In China
19
Table: Major IOC Involvement In China's Shale Gas Exploration
20
Table: Proven Oil And Gas Reserves (China 2014-2019)
23
Table: Proven Oil And Gas Reserves (China 2020-2025)
23
Upstream Projects
24
Table: China - Key Upstream Projects
24
Upstream Production - Oil
33
Latest Updates
33
Structural Trends
33
Risks To Outlook
35
Table: Oil Production (China 2014-2019)
36
Table: Oil Production (China 2020-2025)
36
Upstream Production - Gas
36
Latest Updates
36
Structural Trends
36
Growth Sources
38
Risks To Outlook
39
Table: Gas Production (China 2014-2019)
40
Table: Gas Production (China 2020-2025)
40
Refining
41
Latest Updates
41
Structural Trends
41
Table: Refining Capacity And Refined Products Production (China 2014-2019)
44
Table: Refining Capacity And Refined Products Production (China 2020-2025)
45
Refined Fuels Consumption
45
Latest Updates
45
Structural Trends
45
Table: Refined Products Consumption (2014-2019)
48
Table: Refined Products Consumption* (China 2020-2025)
48
Gas Consumption
48
Latest Updates
48
Structural Trends
49
Table: Gas Consumption (China 2014-2019)
51
Table: Gas Consumption (China 2020-2025)
51
Trade - Oil
52
Crude Oil Trade Forecasts
52
Latest Updates
52
Structural Trends
52
Crude Oil Trade Partners
54
Table: Crude Oil Net Exports (China 2014-2020)
55
Table: Crude Oil Net Exports (China 2020-2025)
55
Fuels Trade Forecasts
55
Latest Updates
55
Structural Trends
55
Fuels Trade Partners
57
Table: Refined Fuels Net Exports (China 2014-2019)
57
Table: Refined Fuels Net Exports (China 2020-2025)
57
Trade - Gas (Pipeline And LNG)
58
Latest Updates
58
Structural Trends
58
Table: Gas Net Exports (China 2014-2019)
60
Table: Gas Net Exports (China 2020-2025)
61
Industry Risk Reward Index
62
Asia - Risk/Reward Index
62
Table: Asia's Oil & Gas Risk/Reward Index
63
Table: Asia: Upstream Risk/Reward Index
65
Table: Asia: Downstream Risk/Reward Index
68
China - Risk/Reward Index
69
Upstream Index
69
Rewards
69
Risks
69
Downstream Index
70
Market Overview
71
China Energy Market Overview
71
Regulatory Structure
71
Fiscal Regime
72
Table: Key Fiscal Indicators
72
Table: Offshore Production Royalty Structure
74
Table: China: Tiered Gas Pricing For Residential Users
75
Table: Shanghai: Tiered Gas Pricing System For Residential Users
75
Licensing Regime
76
Table: 2014 Offshore Blocks Open To Foreign Participation
76
Table: Winners Of Second Shale Gas Licensing Round
77
Oil And Gas Infrastructure
79
Oil Refineries
79
Table: Oil Refineries In China
79
Table: Commercial Crude Oil Storage Terminals In China
82
Crude Oil Pipelines
83
Table: Major Oil Pipelines In China
83
LNG Terminals
84
Table: LNG Regasification Terminals In China
84
Gas Storage Terminals
87
Gas Pipelines
87
Table: Major Gas Pipelines In China
87
Coal-To-Gas Plants
88
Table: Planned CTG Plants
88
Coal-To-Gas Pipelines
89
Table: Planned CTG Pipelines
89
Competitive Landscape
90
Company Profile
92
CNOOC
92
Table: Major Producing Areas
93
Table: Key Financial Data (USDbn)
94
Operational Data
94
CNPC
95
Table: Major Upstream Assets
96
Table: Key Financial Data (USDbn)
97
Operational Data
97
Sinopec
98
Table: Major Upstream Assets
99
Table: Key Financial Data (USDbn)
100
Regional Overview
101
Asia - Oil Outlook Subdued On Persistent Price Weakness
101
Appendix
109
13th Five-Year Plan: Key Points
109
Summary Of Contents
109
Chapter 1: Overview
110
Table: Targets
110
Chapter 2: Innovation To Drive Development
111
Chapter 3: Economic Institutions
112
Chapter 4: Modernisation Of The Agricultural Sector
113
Chapter 5: Industries
114
Chapter 6: Expand The Network Economy
115
Chapter 7: Build A Modern Infrastructure Network
115
Chapter 8: New-Type Urbanisation
116
Chapter 9: Coordination Of Regional Development
117
Chapter 10: Environmental Protection
118
Chapter 11: Continue Opening Up
118
Others:
118
Glossary
120
Table: Glossary Of Terms
120
Methodology
122
Industry Forecast Methodology
122
Source
124
Risk/Reward Index Methodology
124
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
126
Table: Weighting
127