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)
2014 2015e 2016f 2017f 2018f 2019f 2020f
e/f = BMI estimate/forecast. Source: EIA, BMI
Crude, NGPL & other liquids prod, 000b/d 2,044.0 1,953.8 1,963.7 1,957.3 1,954.7 1,954.9 1,955.2
Dry natural gas production, bcm 160.3 165.6 168.9 170.1 171.8 172.7 173.5
Dry natural gas consumption, bcm 38.2 41.1 43.6 45.7 48.0 49.9 51.9
Refined products production, 000b/d 317.3 320.4 320.4 442.2 446.6 451.1 451.1
Refined products consumption & ethanol, 000b/d 242.7 258.4 272.6 284.9 296.3 308.2 320.5
Brent, USD/bbl 99.50 53.60 40.00 53.00 62.00 65.00 71.00

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

  • Qatar announced in 2015 that it would invite new bids for al-Shaheen when the current contract expires in mid-2017. In line with an effort to increase state control in the upstream sector will see Qatar seek new international oil companies (IOCs) for a 25-year exploration and production agreement. Though Maersk will be among the firms able to bid, uncertainty over long-term ownership of the field could slow investment in the near-term.

  • Gas production in Qatar will remain relatively flat as LNG exports continue at strong levels and domestic gas consumption, which will see healthy growth as reliance on gas-fired power generation continues, is met by the Barzan project. LNG exports are expected to slightly increase to 104.9bcm in 2016, up from 103bcm in 2015. However LNG exports will have declined by end of our forecast period to 94.7bcm.

  • 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, 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.

  • The Laffen Refinery 2 (LR-2) condensates refinery is expected to come on stream in Q416 and will have a production capacity of 146,000b/d. In total Qatar's overall crude refining capacity will be 484,700b/d by 2017.

  • Fuel subsidies were reduced in January 2016, increasing the price for one litre of regular gasoline from one Qatari riyal to 1.30 riyals. While the price increase is a substantial 30%, the cost of gasoline is still very low at around 35 cents per litre and we believe will only have a marginal negative effect on consumption. The subsidies reduction goes beyond fiscal relief and is driven by a genuine desire to use resources more efficiently within the Emirate.

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
13
Table: Qatar Upstream Projects
13
Upstream Production - Oil
14
Latest Updates
14
Structural Trends
14
Table: Oil Production (Qatar 2014-2019)
16
Table: Oil Production (Qatar 2020-2025)
16
Upstream Production - Gas
18
Latest Updates
18
Structural Trends
18
Table: Gas Production (Qatar 2014-2019)
20
Table: Gas Production (Qatar 2020-2025)
20
Refining
21
Latest Updates
21
Structural Trends
21
Table: Refining Capacity and Refined Products Production (Qatar 2014-2019)
22
Table: Refining Capacity and Refined Products Production (Qatar 2020-2025)
23
Refined Fuels Consumption
25
Latest Updates
25
Structural Trends
25
Table: Refined Products Consumption* (Qatar 2014-2019)
26
Table: Refined Products Consumption* (Qatar 2020-2025)
26
Gas Consumption
27
Latest Updates
27
Structural Trends
27
Table: Gas Consumption (Qatar 2014-2019)
28
Table: Gas Consumption (Qatar 2020-2025)
28
Table: Qatar Power
29
Trade - Oil
30
Crude Oil
30
Latest Updates
30
Table: Crude Oil Net Exports (Qatar 2014-2020)
31
Table: Crude Oil Net Exports (Qatar 2020-2025)
31
Refined Fuels
31
Latest Updates
31
Table: Refined Fuels Net Exports (Qatar 2014-2019)
33
Table: Refined Fuels Net Exports (Qatar 2020-2025)
33
Trade - Gas (Pipeline and LNG)
33
Latest Updates
33
Structural Trends
34
Table: Gas Net Exports (Qatar 2014-2019)
37
Table: Gas Net Exports (Qatar 2020-2025)
37
Industry Risk Reward Ratings
40
Middle East - Oil & Gas Risk/Reward Index
40
Table: Middle East Oil & Gas Risk/Reward Index
40
Upstream: Index Resilient In Lower Price Environment
41
Table: Middle East Upstream Oil & Gas Risk/Reward Index
41
Downstream: Limited Opportunities
43
Table: Middle East Downstream Oil & Gas Risk/Reward Index
43
Qatar - Risk/Reward Index
46
Upstream Index
46
Downstream Index
46
Market Overview
47
Qatar Energy Market Overview
47
Fiscal Terms
48
Table: Qatar- Upstream Tax Regime
48
Licensing Regime
48
Table: Qatar- Contracts and Licensing Regime
48
Oil And Gas Infrastructure
49
Oil Refineries
49
Table: Refineries In Qatar
49
Table: GTL Plants In Qatar
51
LNG Terminals
52
Table: LNG Terminals In Qatar
52
Gas Pipelines
54
Competitive Landscape
55
Competitive Landscape Summary
55
Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector
56
Table: Key Upstream Players
56
Table: Key Downstream Player
57
Company Profile
58
ExxonMobil Oil Qatar
58
Qatar Petroleum
62
Royal Dutch Shell
69
Total Qatar
73
Other Summaries
77
Regional Overview
84
Middle East Oil And Gas Regional Overview
84
Oil Production: Weak Prices Have Limited Impact On Growth
84
Oil Consumption: Gradual Subsidy Reform To Temper Demand Growth
86
Refining Capacity: 2mn b/d Of New Capacity By 2020
88
Gas Production: Low Oil Prices Hinder Gas Progress
89
Gas Consumption: Switch To Gas Power Will Boost Demand
91
Table: Middle East - Oil And Gas Production, Refining Capacity And Trade (2013-2024)
92
Glossary
94
Table: Glossary Of Terms
94
Methodology
96
Industry Forecast Methodology
96
Source
98
Risk/Reward Index Methodology
98
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
100
Table: Weighting
101

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.