Czech Republic 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.

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Czech Republic Oil & Gas Report
Product Price
$1,295.00

BMI View: T he Czech Republic will remain highly dependent on imported oil and gas, mostly from Russia, as conventional hydrocarbons production potential is limited. However the country will manage to slowly diversify its gas sources through the STORK II project linking the country to Poland. This will provide it with access to Polish gas and imported LNG from the Swinoujscie LNG terminal.

Headline Forecasts (Czech Republic 2013-2019)
2013 2014e 2015f 2016f 2017f 2018f 2019f
e/f = BMI estimate/forecast. Source: EIA, BMI
Crude, NGPL & other liquids prod, 000b/d 7.0 7.0 6.8 6.6 6.5 6.3 6.1
Dry natural gas production, bcm 0.3 0.2 0.2 0.2 0.2 0.2 0.2
Dry natural gas consumption, bcm 8.5 8.5 8.5 8.6 8.6 8.6 8.7
Refined products production, 000b/d 153.0 160.0 166.4 161.4 161.7 162.1 162.4
Refined products consumption & ethanol, 000b/d 195.7 205.3 211.5 214.9 218.4 223.0 227.7
Brent, USD/bbl 108.70 99.50 57.00 56.00 55.00 60.00 64.00

The main trends and developments we highlight for the Czech Republic's oil and gas sector are:

  • While the country's shale gas potential could be promising, a moratorium on shale gas exploration and public opposition to the practice make exploration unlikely in the near-to-medium term.

  • The Czech Republic produces negligible volumes of domestic gas or oil, with limited upside risk to future production, meaning the country will remain significantly dependent on Russian hydrocarbon imports within our forecast period.

  • The Czech Republic is a small consumer of refined fuels. We forecast a relatively strong rise in refined fuels consumption of 2% year-on-year average over our forecast period, pulled up by the robust growth in vehicle growth and a strong industrial sector.

  • The country imports most of its required crude oil from Russia and is a small net importer of refined products. We expect the Czech Republic will continue to be largely dependent on Russian crude imports, while the country will see an increase in refined products net import requirements to answer rising domestic demand over our forecast period.

  • The rise in gas consumption will remain modest. We maintain our forecast this quarter given our expectation that coal power generation will remain more profitable than gas power generation in the foreseeable future. This provides little incentive for a large and quick shift to gas-power generation over the coming years.

  • Despite remaining heavily dependent on Russian gas throughout our forecast period, the Czech Republic will manage to diversify its gas sources through the STORK II project linking the country to Poland. This will provide it with access to Polish gas and imported LNG from the Swinoujscie LNG terminal.

BMI Industry View
7
Table: Headline Forecasts (Czech Republic 2013-2019)
7
SWOT
9
Oil & Gas SWOT
9
Industry Forecast
10
Upstream Exploration
10
Latest Updates
10
Structural Trends
10
Upstream Production - Oil
13
Table: Oil Production (Czech Republic 2013-2018)
14
Table: Oil Production (Czech Republic 2019-2024)
14
Upstream Production - Gas
15
Table: Gas Production (Czech Republic 2013-2018)
16
Table: Gas Production (Czech Republic 2019-2024)
16
Refining
17
Latest Updates
17
Structural Trends
17
Table: Refining Capacity and Refined Products Production (Czech Republic 2013-2018)
18
Table: Refining Capacity and Refined Products Production (Czech Republic 2019-2024)
19
Refined Fuels Consumption
20
Latest Updates
20
Structural Trends
20
Table: Refined Products Consumption* (Czech Republic 2013-2018)
21
Table: Refined Products Consumption* (Czech Republic 2019-2024)
21
Gas Consumption
22
Latest Updates
22
Structural Trends
22
Table: Gas Consumption (Czech Republic 2013-2018)
24
Table: Gas Consumption (Czech Republic 2019-2024)
24
Trade - Oil
25
Crude Trade Forecast
25
Latest Updates
25
Structural Trends
25
Table: Crude Oil Net Exports (Czech Republic 2013-2019)
27
Table: Crude Oil Net Exports (Czech Republic 2019-2024)
27
Refined Fuels Trade Forecast
27
Latest Updates
27
Structural Trends
27
Table: Refined Fuels Net Exports (Czech Republic 2013-2018)
29
Table: Refined Fuels Net Exports (Czech Republic 2019-2024)
29
Trade - Gas (Pipeline and LNG)
30
Latest Updates
30
Structural Trends
30
Table: Gas Net Exports (Czech Republic 2013-2018)
32
Table: Gas Net Exports (Czech Republic 2019-2024)
33
Industry Risk Reward Ratings
34
Central And Eastern Europe Oil & Gas Risk/Reward Index
34
Table: CEE: High Risk, Low Reward
34
Table: CEE Upstream, Downstream And Overall Risk/Reward Index
35
Upstream: China Still The Target Market
35
Table: CEE Upstream Risk/Reward Index
38
Downstream: Turkish STAR Only Bright Spot In Weak Market
38
Table: CEE Downstream Risk/Reward Index
40
Czech Republic - Risk/Reward Index
41
Czech Upstream Index - Overview
41
Czech Upstream Index - Rewards
41
Czech Upstream Index - Risks
42
Czech Downstream Index - Overview
42
Market Overview
43
Energy Market Overview
43
Regulatory Structure
43
Upstream Fiscal and Licensing Regime
43
Operational Environment
43
Political Environment
44
Oil & Gas Infrastructure
45
Oil Refineries
45
Table: Refineries In Czech Republic
45
Service Stations
45
Oil Storage Facilities
46
Oil Pipeline
46
Gas Storage Facilities
47
Gas Pipelines
48
Competitive Landscape
50
Competitive Landscape Summary
50
Table: Key Players - Czech Oil And Gas Sector
51
Table: Key Upstream Player
51
Table: Key Downstream Players
52
Company Profile
53
Unipetrol
53
Shell Czech Republic
57
Other Summaries
59
Regional Overview
63
Central And Eastern Europe Oil & Gas Regional Overview
63
Oil Production: Caspian Remains Centre Of Growth
63
Oil Consumption: Fuels Demand Gradually Strengthening
64
Refining Capacity: Modernisation Over Capacity Additions
65
Natural Gas Production: Gas Ramp-Up To Feed Red Dragon
66
Table: Central Asia-China Gas Pipeline Expansions
67
Gas Consumption: Demand Falters On Struggling Economies
68
Table: Central & Eastern Europe Oil & Gas Production & Consumption, Refining Capacity & Trade
69
Glossary
71
Table: Glossary Of Terms
71
Methodology
73
Industry Forecast Methodology
73
Source
75
Risk/Reward Index Methodology
75
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
77
Table: Weighting
78

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

Key Benefits

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