Czech Republic Oil & Gas Report

Published 26 February 2015

  • 98 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Czech Republic Oil & Gas Report

BMI View : While there is a moratorium on shale gas exploration, the 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)
Indicator 2013e 2014e 2015f 2016f 2017f 2018f 2019f
EIA/BMI
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 144.0 159.8 161.4 163.1 163.9 164.7 165.5
Refined products consumption & ethanol, 000b/d 197.4 199.7 203.8 208.1 212.5 216.9 220.5

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.

  • 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 power generation over our forecast...

Table of Contents

BMI Industry View
7
Table: Headline Forecasts (Czech Republic 2012-2018)
7
SWOT
8
Oil & Gas SWOT
8
Industry Forecast
9
Upstream Exploration
9
Table: Proven Oil and Gas Reserves (Czech Republic 2012-2017)
9
Table: Proven Oil and Gas Reserves (Czech Republic 2018-2023)
9
Upstream Production - Oil
12
Table: Oil Production (Czech Republic 2012-2017)
12
Table: Oil Production (Czech Republic 2018-2023)
12
Upstream Production - Gas
14
Table: Gas Production (Czech Republic 2012-2017)
14
Table: Gas Production (Czech Republic 2018-2023)
14
Refining
16
Table: Refining Capacity and Refined Products Production (Czech Republic 2012-2017)
16
Table: Refining Capacity and Refined Products Production (Czech Republic 2018-2023)
16
Refined Fuels Consumption
18
Table: Refined Products Consumption* (Czech Republic 2012-2017)
18
Table: Refined Products Consumption* (Czech Republic 2018-2023)
18
Gas Consumption
20
Table: Gas Consumption (Czech Republic 2012-2017)
20
Table: Gas Consumption (Czech Republic 2018-2023)
20
Trade - Oil
23
Table: Crude Oil Net Exports (Czech Republic 2012-2017)
23
Table: Crude Oil Net Exports (Czech Republic 2018-2023)
23
Table: Refined Fuels Net Exports (Czech Republic 2012-2017)
25
Table: Refined Fuels Net Exports (Czech Republic 2018-2023)
25
Table: Total Net Oil Exports - Crude and Products (Czech Republic 2012-2017)
27
Table: Total Net Oil Exports - Crude and Products (Czech Republic 2018-2023)
27
Trade - Gas (Pipeline and LNG)
28
Table: Gas Net Exports (Czech Republic 2012-2017)
28
Table: Gas Net Exports (Czech Republic 2018-2023)
28
Industry Risk Reward Ratings
31
Central And Eastern Europe - Risk/Reward Index
31
Table: Central And Eastern Europe Risk/Reward Index
32
Caspian Retains Upstream Indices Lead
32
Russia: Large Resource Base, But Sanctions Hit
35
Regional Minnows Breaking Through
36
Table: CEE Upstream Risk/Reward Index
37
Little Change In Downstream Rankings
37
Table: CEE Downstream Risk/Reward Index
39
Czech Republic - Risk/Reward Index
40
Market Overview
42
Czech Republic Energy Market Overview
42
Overview/State Role
44
Licensing And Regulation
45
Oil & Gas Infrastructure
46
Oil Refineries
46
Table: Refineries In Czech Republic
46
Service Stations
46
Oil Storage Facilities
47
Oil Pipelines
47
Gas Storage Facilities
48
Gas Pipelines
49
Competitive Landscape
51
Competitive Landscape Summary
51
Table: Key Players - Czech Oil And Gas Sector
52
Table: Key Upstream Player
52
Table: Key Downstream Players
53
Company Profile
54
Unipetrol
54
Shell Czech Republic
58
Other Summaries
60
Regional Overview
64
Central And Eastern Europe - Regional Overview
64
CEE Oil Production - Russia Dominates, Caspian To Lead Growth
64
CEE Oil Consumption - Regional Demand Growth Outpacing Supply
65
CEE Refining Capacity - Few Bright Spots
66
CEE Natural Gas Production - Caspian Gas Firing Up China
67
CEE Gas Consumption - New Gas Targeting Exports
68
Global Industry Overview
70
Table: Key US Production Zones Average Full Cycle Breakeven Cost Per Barrel (USD/bbl)
72
Table: Canadian Oil Sands Average Full Cycle Breakeven Cost Per Barrel (USD/bbl)
73
Table: Middle East Onshore Conventional Breakeven Cost Per Barrel, (USD/BBL)
74
Table: Average Fiscal Breakeven Prices Of Key Middle East Producers 2014 (USD/bbl)
74
Appendix
76
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts
76
Table: Energy Price Forecasts ( Global 2012-2017)
76
Table: Energy Price Forecasts (Global 2018-2023)
77
Central And Eastern Europe - Regional Appendix
79
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
79
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
80
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
80
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
81
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
82
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
83
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
83
Table: Gas Consumption - Long-Term Forecasts, 2015-2023 (bcm)
84
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
85
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
86
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
86
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
87
Czech Republic - Total Hydrocarbons, 10-year Forecasts
88
Table: Total Hydrocarbons Production, Consumption and Net Exports (Czech Republic 2012-2017)
88
Table: Refined Petroleum Products, Net Exports Breakdown (Czech Republic 2018-2023)
88
Czech Republic - Refined Products Breakdown, 10-year Forecasts
89
Table: Refined Petroleum Products, Production Breakdown (Czech Republic 2012-2017)
89
Table: Refined Petroleum Products, Production Breakdown (Czech Republic 2018-2023)
90
Table: Refined Petroleum Products, Consumption Breakdown (Czech Republic 2012-2017)
91
Table: Refined Petroleum Products, Consumption Breakdown (Czech Republic 2018-2023)
93
Table: Refined Petroleum Products, Net Exports Breakdown (Czech Republic 2012-2017)
94
Table: Refined Petroleum Products, Net Exports Breakdown (Czech Republic 2018-2023)
95
Glossary
96
Table: Glossary Of Terms
96
Methodology
98
Industry Forecast Methodology
98
Source
100
Risk/Reward Index Methodology
100
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
102
Table: Weighting
103

The Czech Republic Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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