Qatar Oil & Gas Report

Published 10 July 2015

  • 124 pages
  • Instant access to your report online and PDF format through your account library
  • 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 gas-to-liquids export capacity.

Headline Forecasts (Qatar 2013-2019)
2013e 2014e 2015f 2016f 2017f 2018f 2019f
e/f = BMI estimate/forecast. Source: EIA, BMI
Crude, NGPL & other liquids prod, 000b/d 2,057.0 2,049.2 2,057.5 2,067.2 2,059.8 2,056.9 2,057.1
Dry natural gas production, bcm 159.5 159.8 167.0 170.4 171.6 173.3 174.2
Dry natural gas consumption, bcm 37.0 38.3 40.6 43.0 45.2 47.4 49.3
Refined products production & ethanol, 000b/d 296.2 299.2 302.2 417.0 421.2 425.4 429.6
Refined products consumption & ethanol, 000b/d 220.0 232.1 243.7 254.7 266.1 276.8 287.8

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

  • Qatar Petroleum International (QPI) will restructure its operations in the coming months as part of its effort to adapt to the ongoing challenges around oil prices and production, according to CEO Nasser Khalil al-Jaidah. 'The restructure comes at the right time, with low oil prices a great motivation for the institution to be more capable of facing challenges in the upcoming years by getting rid of all burdens that accumulated during the previous period,' al-Jaidah said, as...

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
19
Table: Refining Capacity and Refined Products Production (Qatar 2013-2018)
19
Table: Refining Capacity and Refined Products Production (Qatar 2019-2024)
20
Refined Fuels Consumption
23
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
Index Resilient In Lower Price Environment
38
Table: Middle East Upstream Oil & Gas Risk/Reward Index
38
Limited Opportunities Downstream
41
Table: Middle East Downstream Oil & Gas Risk/Reward Index
41
Qatar - Risk/Reward Index
44
Market Overview
45
Qatar Energy Market Overview
45
Overview/State Role
47
Licensing And Regulation
47
Government Policy
47
International Energy Relations
48
Oil And Gas Infrastructure
50
Oil Refineries
50
Table: Refineries In Qatar
50
Table: GTL Plants In Qatar
52
LNG Terminals
53
Table: LNG Terminals In Qatar
53
Gas Pipelines
55
Competitive Landscape
56
Competitive Landscape Summary
56
Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector
57
Table: Key Upstream Players
57
Table: Key Downstream Player
58
Company Profile
59
ExxonMobil Oil Qatar
59
Qatar Petroleum
62
Royal Dutch Shell
68
Total Qatar
72
Other Summaries
76
Regional Overview
83
Middle East Oil & Gas Regional Overview
83
Oil Production - Low Oil Prices Not Preventing Growth
83
Oil Consumption - Demand Continues Unabated
85
Refining Capacity - Outcompeting With Modernity And Scale
86
Gas Production - Pressure To Produce
87
Gas Consumption - Gas Switch Boosting Demand
89
Global Industry Overview
91
Oil Price Outlook
91
Table: BMI And Bloomberg Consensus Forecasts* WTI And Brent, Front Month - USD/bbl
91
Table: 2015-2016 - Fundamental Pressure On Oil Prices
92
Appendix
99
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts
99
Table: Energy Price Forecasts, 2013-2018
99
Table: Energy Price Forecasts, 2019-2024 ( Global 2019-2024)
100
Middle East - Regional Appendix
101
Table: Oil Consumption - Historical Data & Forecasts, 2012-2019 ('000b/d)
101
Table: Oil Consumption - Long-Term Forecasts, 2016-2024 ('000b/d)
102
Table: Oil Production - Historical Data & Forecasts, 2012-2019 ('000b/d)
102
Table: Oil Production - Long-Term Forecasts, 2016-2024 ('000b/d)
103
Table: Refining Capacity - Historical Data & Forecasts, 2012-2019 ('000b/d)
104
Table: Refining Capacity - Long-Term Forecasts, 2016-2024 ('000b/d)
104
Table: Gas Consumption - Historical Data & Forecasts, 2012-2019 (bcm)
105
Table: Gas Consumption, 2016-2024 (bcm)
105
Table: Gas Production - Historical Data & Forecasts, 2012-2019 (bcm)
106
Table: Gas Production - Long-Term Forecasts, 2016-2024 (bcm)
106
Table: Net LNG Exports - Historical Data & Forecasts, 2012-2019 (bcm)
107
Table: Net LNG Exports - Long-Term Forecasts, 2016-2024 (bcm)
107
Qatar - Total Hydrocarbons, 10-year Forecasts
108
Table: Total Hydrocarbons Production, Consumption and Net Exports (Qatar 2013-2018)
108
Table: Total Hydrocarbons Production, Consumption and Net Exports (Qatar 2019-2024)
108
Qatar - Refined Products Breakdown, 10-year Forecasts
109
Table: Refined Petroleum Products, Production Breakdown (Qatar 2013-2018)
109
Table: Refined Petroleum Products, Production Breakdown (Qatar 2019-2024)
110
Table: Refined Petroleum Products, Consumption Breakdown (Qatar 2013-2018)
111
Table: Refined Petroleum Products, Consumption Breakdown (Qatar 2019-2024)
112
Table: Refined Petroleum Products, Net Exports Breakdown (Qatar 2013-2018)
113
Table: Refined Petroleum Products, Net Exports Breakdown (Qatar 2019-2024)
114
Table: LPG Production, Consumption and Net Exports (Qatar 2013-2018)
115
Table: LPG Production, Consumption and Net Exports (Qatar 2019-2024)
116
Glossary
117
Table: Glossary Of Terms
117
Methodology
119
Industry Forecast Methodology
119
Source
121
Risk/Reward Index Methodology
121
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
123
Table: Weighting
124

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.

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%