Qatar 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
×

Sign up to download the Qatar Oil & Gas Report

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.

Thank you for your interest

You will shortly receive your free executive summary by email.

Qatar Oil & Gas Report
Product Price
$1,295.00

BMI View: The moratorium on upstream gas projects will limit the overall level of activity in the coming quarters, while work on a small number of enhanced oil recovery and redevelopment projects continues. We expect the fall in crude production to continue, with downside risk to steeper decline rates if enhanced recovery program me s are scaled back due to capex cuts. Qatar's dominance of the liquefied natural gas export market will increasingly be challenged by other producers, but efforts to diversify the economy away from oil and gas will soften the impact.

Headline Forecasts (Qatar 2014-2020)
2014e 2015e 2016f 2017f 2018f 2019f 2020f
e/f = BMI estimate/forecast. Source: EIA, BMI
Crude, NGPL & other liquids prod, 000b/d 2,044.4 1,954.2 1,964.1 1,957.7 1,955.1 1,955.2 1,955.6
Refined products production, 000b/d 317.2 320.3 368.4 445.7 450.2 454.7 454.7
Refined products consumption & ethanol, 000b/d 242.7 258.4 267.5 275.5 283.8 292.3 301.0
Dry natural gas production, bcm 174.1 170.6 170.2 176.0 180.5 176.7 173.0
Dry natural gas consumption, bcm 34.0 36.6 38.8 40.7 42.7 44.4 46.2
Brent, USD/bbl 99.50 53.60 46.50 57.00 62.00 65.00 71.00
Headline Forecasts (Qatar 2014-2020)
2014e 2015e 2016f 2017f 2018f 2019f 2020f
e/f = BMI estimate/forecast. Source: EIA, BMI
Crude, NGPL & other liquids prod, 000b/d 2,044.4 1,954.2 1,964.1 1,957.7 1,955.1 1,955.2 1,955.6
Refined products production, 000b/d 317.2 320.3 368.4 445.7 450.2 454.7 454.7
Refined products consumption & ethanol, 000b/d 242.7 258.4 267.5 275.5 283.8 292.3 301.0
Dry natural gas production, bcm 174.1 170.6 170.2 176.0 180.5 176.7 173.0
Dry natural gas consumption, bcm 34.0 36.6 38.8 40.7 42.7 44.4 46.2
Brent, USD/bbl 99.50 53.60 46.50 57.00 62.00 65.00 71.00

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

  • BP, Royal Dutch Shell, Total, Chevron and ConocoPhillips have joined the bidding process for the retendering of the Maersk Oil operated al-Shaheen oil field. Qatar Petroleum is aiming to lift the crude output from 300,000b/d to 500,000b/d, in what is Qatar's largest oil field.

  • We have adjusted Qatar's gas production forecast to account for delays to the start up of the first phase of the Barzan gas project and also for a revision of our historical data. Changing our historical data set has led us to revise up 2016's production to 170.23bn cubic metres (bcm) up from our previous forecast of 165.6bcm.

  • Post-2016, Qatar does not have any new LNG contracts coming into force and, with 30.1bcm of contracts rolling off in the next ten years, it will have to start negotiating new contracts to secure long-term offtake. Despite the demand weakness in South Korea and Japan, we expect Asia to remain the dominant consumer of LNG, driven by strong growth in emerging markets such as China and India. As such, it will remain a key target for Qatar.

  • Qatar is expected to see reduced investment in its oil and gas sector over the coming quarters as it attempts to diversify its economy. The majority of upstream investment in the next three years will focus on oil field redevelopments. We have moved the start date of the Ras Laffan (LR) refinery expansion forward to account for the recent update from Qatar Petroleum. The refinery will start processing condensates in August, followed by commercial production beginning in October, contrary to the previously forecasted start at the end of Q416.

  • Increased domestic processing of condensates will lead to condensate exports falling by 30.0%. Qatar's exports around 460,000 b/d of condensates in the form of its two flagship condensate grades: the Deodorized Field Condensate (DFC) and the Qatar Low Sulphur Condensate (LSC). The Laffan refinery will primarily use DFC as it is the more popular feedstock for condensate splitters, leading to a decline in DFC exports from 329,000b/d to 192,000b/d by 2017.

  • In a drive to ease budgetary pressures and prevent wasteful consumption, as of May 2016, local fuel prices will fluctuate in response to global market changes, reflecting the full removal of subsidies. In response to this we have marginally reduced our growth outlook for refined fuels consumption.

BMI Industry View
7
Table: Headline Forecasts (Qatar 2014-2020)
7
SWOT
9
Oil & Gas SWOT
9
Industry Forecast
11
Upstream Exploration
11
Structural Trends
11
Table: Proven Oil and Gas Reserves (Qatar 2014-2019)
11
Table: Proven Oil and Gas Reserves (Qatar 2020-2025)
12
Upstream Projects
14
Table: Qatar Upstream Projects
14
Upstream Production - Oil
15
Latest Updates
15
Structural Trends
15
Table: Oil Production (Qatar 2014-2019)
18
Table: Oil Production (Qatar 2020-2025)
18
Upstream Production - Gas
20
Latest Updates
20
Structural Trends
20
Table: Gas Production (Qatar 2014-2019)
22
Table: Gas Production (Qatar 2020-2025)
22
Refining
23
Latest Updates
23
Structural Trends
23
Table: Refining Capacity and Refined Products Production (Qatar 2014-2019)
24
Table: Refining Capacity and Refined Products Production (Qatar 2020-2025)
25
Refined Fuels Consumption
27
Latest Updates
27
Structural Trends
27
Table: Refined Products Consumption* (Qatar 2014-2019)
28
Table: Refined Products Consumption* (Qatar 2020-2025)
28
Gas Consumption
29
Latest Updates
29
Structural Trends
29
Table: Gas Consumption (Qatar 2014-2019)
30
Table: Gas Consumption (Qatar 2020-2025)
30
Table: Qatar Power
31
Trade - Oil
32
Crude Oil: Latest Updates
32
Crude Oil: Structural Trends
33
Table: Crude Oil Net Exports (Qatar 2014-2020)
34
Table: Crude Oil Net Exports (Qatar 2020-2025)
34
Refined Fuels: Latest Updates
35
Refined Fuels: Structural Trends
35
Table: Refined Fuels Net Exports (Qatar 2014-2019)
36
Table: Refined Fuels Net Exports (Qatar 2020-2025)
36
Trade - Gas (Pipeline and LNG)
37
Latest Updates
37
Structural Trends
37
Table: Gas Net Exports (Qatar 2014-2019)
41
Table: Gas Net Exports (Qatar 2020-2025)
41
Industry Risk/Reward Index
44
Middle East - Oil & Gas Risk/Reward Index
44
Table: Middle East Oil & Gas Risk/Reward Index
44
Upstream: Index Resilient In Lower Price Environment
45
Table: Middle East Upstream Oil & Gas Risk/Reward Index
45
Downstream: Limited Opportunities
47
Table: Middle East Downstream Oil & Gas Risk/Reward Index
47
Qatar - Risk/Reward Index
50
Upstream Index
50
Downstream Index
50
Market Overview
51
Qatar Energy Market Overview
51
Fiscal Regime
52
Table: Qatar- Upstream Tax Regime
52
Licensing Regime
52
Table: Qatar- Contracts and Licensing Regime
52
Oil And Gas Infrastructure
53
Oil Refineries
53
Table: Refineries In Qatar
53
Table: GTL Plants In Qatar
55
LNG Terminals
56
Table: LNG Terminals In Qatar
56
Gas Pipelines
58
Competitive Landscape
59
Competitive Landscape Summary
59
Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector
60
Table: Key Upstream Players
60
Table: Key Downstream Player
61
Company Profile
62
Qatar Petroleum
62
Table: Major Assets
63
Regional Overview
64
Middle East Oil & Gas Regional Overview
64
Oil Production: Two Tiers Emerging
64
Oil Consumption: Subsidy Reform Tempering Demand Growth
66
Table: Gasoline-95 Pump Price June 2015 & March 2016 (Usd/Litre)
66
Refining Capacity: Mega Refineries Outcompete In Oversupplied Market
68
Gas Production: In Need Of More Gas
69
Gas Consumption: Switch To Gas Power Will Boost Demand
71
Table: Middle East Oil & Gas Production, Refining Capacity & Trade
72
Glossary
73
Table: Glossary Of Terms
73
Methodology
75
Industry Forecast Methodology
75
Source
77
Risk/Reward Index Methodology
77
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
79
Table: Weighting
80

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.