Czech Republic Oil & Gas Report

Published 02 June 2015

  • 100 pages
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$1,295.00
Czech Republic Oil & Gas Report

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. A small increase in refinery utilisation rates will result in a modest increase in refined product import needs to answer rising domestic demand over our forecast period.

Headline Forecasts (Czech Republic 2013-2019)
2013 2014e 2015f 2016f 2017f 2018f 2019f
BMI/EIA
Crude, NGPL & other liquids prod, 000b/d 6.0 5.9 5.7 5.6 5.4 5.3 5.2
Dry natural gas production, bcm 0.3 0.2 0.2 0.2 0.2 0.2 0.2
Dry natural gas consumption, bcm 8.1 8.1 8.1 8.2 8.2 8.2 8.3
Refined products production & ethanol, 000b/d 144.0 162.7 164.3 166.0 166.8 167.7 168.5
Refined products consumption & ethanol, 000b/d 197.4 201.5 205.8 210.1 214.5 219.0 223.6

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

  • Plans to freeze shale gas exploration for two years to allow the government to draft and implement new legislation have found plenty of support, meaning that drilling activity is unlikely in the short-to-medium term. We currently do not expect shale gas exploration in the country to go forward within our forecast period.

  • 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.

  • We expect a very slow ramp up in gas consumption from power projects and use in the residential sector. This will slightly accelerate towards the end of our forecast period.

  • The Czech Republic is a small consumer of refined fuels. Given that the country's electricity generation is overwhelmingly coal and nuclear based, and that our power team forecasts an increase in coal-based...

Table of Contents

BMI Industry View
7
Table: Headline Forecasts (Czech Republic 2013-2019)
7
SWOT
9
Oil & Gas SWOT
9
Industry Forecast
10
Upstream Exploration
10
Table: Proven Oil and Gas Reserves (Czech Republic 2013-2018)
10
Table: Proven Oil and Gas Reserves (Czech Republic 2019-2024)
10
Upstream Production - Oil
13
Table: Oil Production (Czech Republic 2013-2018)
13
Table: Oil Production (Czech Republic 2019-2024)
13
Upstream Production - Gas
15
Table: Gas Production (Czech Republic 2013-2018)
15
Table: Gas Production (Czech Republic 2019-2024)
15
Refining
17
Table: Refining Capacity and Refined Products Production (Czech Republic 2013-2018)
17
Table: Refining Capacity and Refined Products Production (Czech Republic 2019-2024)
17
Refined Fuels Consumption
19
Table: Refined Products Consumption* (Czech Republic 2013-2018)
19
Table: Refined Products Consumption* (Czech Republic 2019-2024)
19
Gas Consumption
21
Table: Gas Consumption (Czech Republic 2013-2018)
21
Table: Gas Consumption (Czech Republic 2019-2024)
21
Trade - Oil
24
Table: Crude Oil Net Exports (Czech Republic 2013-2018)
24
Table: Crude Oil Net Exports (Czech Republic 2019-2024)
24
Table: Refined Fuels Net Exports (Czech Republic 2013-2018)
26
Table: Refined Fuels Net Exports (Czech Republic 2019-2024)
26
Table: Total Net Oil Exports - Crude and Products (Czech Republic 2013-2018)
28
Table: Total Net Oil Exports - Crude and Products (Czech Republic 2019-2024)
28
Trade - Gas (Pipeline and LNG)
29
Table: Gas Net Exports (Czech Republic 2013-2018)
29
Table: Gas Net Exports (Czech Republic 2019-2024)
29
Industry Risk Reward Ratings
32
Central And Eastern Europe Oil & Gas Risk/Reward Index
32
Table: CEE: High Risk, Low Reward
32
Table: CEE Upstream, Downstream And Overall Risk/Reward Index
33
Upstream: Sending Gas To China
33
Regional Minnows Holding Up
35
Table: CEE Upstream Risk/Reward Index
36
Downstream: Turkish Star Shines In Weak Market
36
Table: CEE Downstream Risk/Reward Index
37
Market Overview
40
Czech Republic Energy Market Overview
40
Overview/State Role
42
Oil & Gas Infrastructure
44
Oil Refineries
44
Table: Refineries In Czech Republic
44
Service Stations
44
Oil Storage Facilities
45
Oil Pipelines
45
Gas Storage Facilities
46
Gas Pipelines
47
Competitive Landscape
49
Competitive Landscape Summary
49
Table: Key Players - Czech Oil And Gas Sector
50
Table: Key Upstream Player
50
Table: Key Downstream Players
51
Company Profile
52
Unipetrol
52
Shell Czech Republic
56
Other Summaries
58
Regional Overview
62
Central and Eastern Europe Oil & Gas Regional Overview
62
Oil Production: Caspian Leads Growth
62
Oil Consumption: Regional Demand Increasing
63
Refining Capacity: Outlook Remains Weak
64
Natural Gas Production: Ramping-Up For 2020 Targets
65
Gas Consumption: Soft Demand Supports Exports
66
Global Industry Overview
68
Oil Price Outlook
68
Table: BMI And Bloomberg Consensus Forecasts* WTI And Brent, Front Month - USD/bbl
68
Table: 2015-2016 - Fundamental Pressure On Oil Prices
69
Appendix
76
Central And Eastern Europe - Regional Appendix
76
Table: Oil Consumption - Historical Data & Forecasts, 2012-2019 ('000b/d)
76
Table: Oil Consumption - Long-Term Forecasts, 2016-2024 ('000b/d)
77
Table: Oil Production - Historical Data & Forecasts, 2012-2019 ('000b/d)
77
Table: Oil Production - Long-Term Forecasts, 2016-2024 ('000b/d)
78
Table: Refining Capacity - Historical Data & Forecasts, 2012-2019 ('000b/d)
79
Table: Refining Capacity - Long-Term Forecasts, 2016-2024 ('000b/d)
79
Table: Gas Consumption - Historical Data & Forecasts, 2012-2019 (bcm)
80
Table: Gas Consumption - Long-Term Forecasts, 2016-2024 (bcm)
81
Table: Gas Production - Historical Data & Forecasts, 2012-2019 (bcm)
81
Table: Gas Production - Long-Term Forecasts, 2016-2024 (bcm)
82
Table: LNG Exports - Historical Data & Forecasts, 2012-2019 (bcm)
83
Table: Net LNG Exports - Long-Term Forecasts, 2016-2024 (bcm)
83
Czech Republic - Total Hydrocarbons, 10-year Forecasts
85
Table: Total Hydrocarbons Production, Consumption and Net Exports (Czech Republic 2013-2018)
85
Table: Refined Petroleum Products, Net Exports Breakdown (Czech Republic 2019-2024)
85
Czech Republic - Refined Products Breakdown, 10-year Forecasts
86
Table: Refined Petroleum Products, Production Breakdown (Czech Republic 2013-2018)
86
Table: Refined Petroleum Products, Production Breakdown (Czech Republic 2019-2024)
87
Table: Refined Petroleum Products, Consumption Breakdown (Czech Republic 2013-2018)
88
Table: Refined Petroleum Products, Consumption Breakdown (Czech Republic 2019-2024)
90
Table: Refined Petroleum Products, Net Exports Breakdown (Czech Republic 2013-2018)
91
Table: Refined Petroleum Products, Net Exports Breakdown (Czech Republic 2019-2024)
92
Glossary
93
Table: Glossary Of Terms
93
Methodology
95
Industry Forecast Methodology
95
Source
97
Risk/Reward Index Methodology
97
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
99
Table: Weighting
100

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.

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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