Qatar Oil & Gas Report

Published 10 April 2015

  • 123 pages
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  • 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 to diversify its economy through expanding its downstream and petrochemical sectors. The country is growing the international presence of Qatar Petroleum International to offset slow ing growth in domestic oil and gas projects , given the absence of plans for an expansion of LNG and GTL export capacity. Although Qatar's official selling prices fell to six-year low in January, BMI does not believe that low oil prices will have a significant impact on the Qatari oil sector.

Headline Forecasts (Qatar 2013-2019)
2013 2014e 2015f 2016f 2017f 2018f 2019f
e/f = BMI estimate/forecast. Source: EIA, BMI
Crude, NGPL & other liquids prod, 000b/d 1,567.4 1,561.1 1,572.5 1,585.3 1,581.2 1,581.6 1,585.1
Dry natural gas production, bcm 143.7 144.0 150.5 153.5 154.5 156.1 156.9
Dry natural gas consumption, bcm 21.5 22.6 23.5 24.9 26.4 27.2 28.0
Refined products production & ethanol, 000b/d 429.1 431.7 434.1 638.6 638.4 638.6 638.7
Refined products consumption & ethanol, 000b/d 198.9 209.9 220.4 230.3 240.7 250.3 260.3

We highlight the following trends and developments in Qatar's oil and gas sector:

  • The first phase of the Barzan natural gas project has reached 96% completion and is due to begin production in early 2015. We have adjusted our forecast to represent this delay.

  • We have also postponed the second phase of the Barzan project which is due to begin production one year after the first phase. This will be the...

Table of Contents

BMI Industry View
7
Table: Headline Forecasts (Qatar 2013-2019)
7
SWOT
9
Oil & Gas SWOT
9
Industry Forecast
11
Upstream Exploration
11
Table: Proven Oil and Gas Reserves (Qatar 2013-2018)
11
Table: Proven Oil and Gas Reserves (Qatar 2019-2024)
11
Upstream Projects
13
Table: Key Upstream Projects In Qatar
13
Upstream Production - Oil
14
Table: Oil Production (Qatar 2013-2018)
14
Table: Oil Production (Qatar 2019-2024)
14
Upstream Production - Gas
16
Table: Gas Production (Qatar 2013-2018)
16
Table: Gas Production (Qatar 2019-2024)
17
Refining
20
Table: Refining Capacity and Refined Products Production (Qatar 2013-2018)
20
Table: Refining Capacity and Refined Products Production (Qatar 2019-2024)
20
Refined Fuels Consumption
22
Table: Refined Products Consumption* (Qatar 2013-2018)
23
Table: Refined Products Consumption* (Qatar 2019-2024)
23
Gas Consumption
25
Table: Gas Consumption (Qatar 2013-2018)
25
Table: Gas Consumption (Qatar 2019-2024)
25
Trade - Oil
27
Table: Crude Oil Net Exports (Qatar 2013-2018)
27
Table: Crude Oil Net Exports (Qatar 2019-2024)
27
Table: Refined Fuels Net Exports (Qatar 2013-2018)
28
Table: Refined Fuels Net Exports (Qatar 2019-2024)
29
Table: Total Net Oil Exports - Crude and Products (Qatar 2013-2018)
31
Table: Total Net Oil Exports - Crude and Products (Qatar 2019-2024)
31
Trade - Gas (Pipeline and LNG)
32
Table: Gas Net Exports (Qatar 2013-2018)
32
Table: Gas Net Exports (Qatar 2019-2024)
33
Industry Risk Reward Ratings
37
Middle East Oil & Gas Risk/Reward Index
37
Table: BMI's Middle East Oil & Gas Risk/Reward Index (RRI)
37
Below-Ground Potential Boosting Index
38
Table: Middle East Upstream Oil & Gas Risk/Reward Index
38
Limited Opportunities Downstream
42
Table: Middle East Downstream Oil & Gas Risk/Reward Index
42
Qatar - Risk/Reward Index
44
Market Overview
46
Qatar Energy Market Overview
46
Overview/State Role
48
Licensing And Regulation
48
Government Policy
48
International Energy Relations
48
Oil And Gas Infrastructure
50
Oil Refineries
50
Table: Refineries In Qatar
51
Table: GTL Plants In Qatar
53
LNG Terminals
53
Table: LNG Terminals In Qatar
54
Gas Pipelines
56
Competitive Landscape
58
Competitive Landscape Summary
58
Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector
59
Table: Key Upstream Players
59
Table: Key Downstream Player
59
Company Profile
60
Qatar Petroleum
60
ExxonMobil Oil Qatar
66
Total Qatar
70
Royal Dutch Shell
74
Other Summaries
78
Regional Overview
85
Middle East Oil&Gas Regional Overview
85
Middle East Oil Production - Increasing Despite Low Oil Prices
85
Middle East Oil Consumption - Demand Continues Unabated
87
Middle East Refining Capacity - Building In Weak Global Market
88
Middle East Gas Production - Pressure To Produce
89
Middle East Gas Consumption - Gas Switch Boosting Demand
91
Global Industry Overview
93
Global Industry Overview - Five Themes For 2015: Oil & Gas
93
Table: LNG Export Terminals At Pre-FID Stage
98
Appendix
100
Middle East - Regional Appendix
100
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
100
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
100
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
101
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
102
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
102
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
103
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
103
Table: Gas Consumption, 2015-2023 (bcm)
104
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
104
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
105
Table: Net LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
105
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
106
Qatar - Total Hydrocarbons, 10-year Forecasts
107
Table: Total Hydrocarbons Production, Consumption and Net Exports (Qatar 2013-2018)
107
Table: Total Hydrocarbons Production, Consumption and Net Exports (Qatar 2019-2024)
107
Qatar - Refined Products Breakdown, 10-year Forecasts
108
Table: Refined Petroleum Products, Production Breakdown (Qatar 2013-2018)
108
Table: Refined Petroleum Products, Production Breakdown (Qatar 2019-2024)
109
Table: Refined Petroleum Products, Consumption Breakdown (Qatar 2013-2018)
110
Table: Refined Petroleum Products, Consumption Breakdown (Qatar 2019-2024)
111
Table: Refined Petroleum Products, Net Exports Breakdown (Qatar 2013-2018)
112
Table: Refined Petroleum Products, Net Exports Breakdown (Qatar 2019-2024)
113
Table: LPG Production, Consumption and Net Exports (Qatar 2013-2018)
114
Table: LPG Production, Consumption and Net Exports (Qatar 2019-2024)
115
Glossary
116
Table: Glossary Of Terms
116
Methodology
118
Industry Forecast Methodology
118
Source
120
Risk/Reward Index Methodology
120
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
122
Table: Weighting
123

The Qatar Oil & Gas Report has been researched at source and features BMI Research'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.

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