Slovenia 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 Slovenia 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.

Slovenia Oil & Gas Report
Product Price
$1,295.00

B MI View: Slovenia's upstream sector remains close to inexistent, with little to no oil or gas production within our forecast period. While t here are glimmers of hope in gas segment attributed to the Ascent-operated Petisovci tight gas project, t he initiative is facing continued regulatory and funding headwinds, thereby informing our modest upstream outlook. We acknowledge upside risk to our forecast in the event of its start-up, however, overall volumes are likely to be relatively modest, with imported Russian gas set to dominate supply for the foreseeable future.

Headline Forecasts (Slovenia 2013-2019)
2013 2014e 2015f 2016f 2017f 2018f 2019f
e/f = BMI estimate/forecast. Scource: EIA, BMI
Crude, NGPL & other liquids prod, 000b/d 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Dry natural gas production, bcm 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Dry natural gas consumption, bcm 0.9 0.9 0.9 0.9 0.9 1.0 1.0
Refined products production, 000b/d 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Refined products consumption & ethanol, 000b/d 51.7 49.8 50.3 51.1 51.5 51.9 52.5
Brent, USD/bbl 108.70 99.50 55.00 54.00 53.00 60.00 64.00

The main trends and developments in Slovenia's oil and gas sector are:

  • There is evidence of commercial gas deposits close to the Hungarian border that can be exploited for power generation purposes. However, given project delays we do not include it within our reserves or production forecast. The country's upstream reserves remain extremely limited at the moment.

  • Slovenian natural gas production will remain limited over the course of our forecast period given the lack of upstream development in the country. While the long-delayed Petisovci project poses upside risk to our forecast, we maintain our more modest outlook given continued financial and regulatory delays associated with the initiative.

  • While the Integrated Pollution Prevention and Control permit was provisionally granted to the company in June 2015 for the Petisovci development, two parties have filed appeals against the decision on environmental ground. These appeals will be heard by the Environment Ministry with a potential for further appeal through the courts. This will delay the permits for at least one year and there is no certainty as to how long the appeals will take or whether the permit will be granted in the end.

  • The company is also facing finding problems. As a result of the permit delays, a decision was also made by the board to make further cuts in expenditure, reducing amounts spent on field development 'to a minimum' from October 2015.

  • With no active refinery, we believe Slovenia will not produce any refined products within our forecast period. While plans for a biodiesel plant are under discussion, the poor downstream environment in Europe will likely preclude plans from materialising.

  • Slovenia imports all its supplies of refined products, remaining heavily dependent on Russia for its refined fuels consumption. Strengthening demand will increase the country's deficit and maintain its status as a net importer through 2024.

  • We maintain Slovenia will remain dependent on gas imports for all of its domestic consumption given our expectation for delays to the Petisovci-Lovaszi project. Should the project materialise, we note downside risks to Slovenia's gas import requirements.

BMI Industry View
7
Table: Headline Forecasts (Slovenia 2013-2019)
7
SWOT
8
Industry Forecast
10
Upstream Exploration
10
Table: Proven Oil and Gas Reserves (Slovenia 2013-2018)
10
Table: Proven Oil and Gas Reserves (Slovenia 2019-2024)
10
Upstream Production - Oil
12
Table: Oil Production (Slovenia 2013-2018)
12
Table: Oil Production (Slovenia 2019-2024)
13
Upstream Production - Gas
14
Table: Gas Production (Slovenia 2013-2018)
15
Table: Gas Production (Slovenia 2019-2024)
15
Refining
17
Table: Refining Capacity and Refined Products Production (Slovenia 2013-2018)
17
Table: Refining Capacity and Refined Products Production (Slovenia 2019-2024)
17
Refined Fuels Consumption
18
Table: Refined Products Consumption (Slovenia 2013-2018)
18
Table: Refined Products Consumption (Slovenia 2019-2024)
19
Gas Consumption
20
Table: Gas Consumption (Slovenia 2013-2018)
20
Table: Gas Consumption (Slovenia 2019-2024)
20
Trade - Oil
21
Table: Crude Oil Net Exports (Slovenia 2013-2018)
22
Table: Crude Oil Net Exports (Slovenia 2019-2024)
22
Table: Refined Fuels Net Exports (Slovenia 2013-2018)
23
Table: Refined Fuels Net Exports (Slovenia 2019-2024)
24
Table: Total Net Oil Exports - Crude and Products (Slovenia 2013-2018)
25
Table: Total Net Oil Exports - Crude and Products (Slovenia 2019-2024)
26
Trade - Gas (Pipeline And LNG)
26
Table: Gas Net Exports (Slovenia 2013-2018)
27
Table: Gas Net Exports (Slovenia 2019-2024)
27
Industry Risk Reward Ratings
29
Central And Eastern Europe Oil & Gas Risk/Reward Index
29
Table: CEE: High Risk, Low Reward
29
Table: CEE Upstream, Downstream And Overall Risk/Reward Index
30
Upstream: All Pipes Point To China
30
Regional Minnows Holding Up
32
Table: CEE Upstream Risk/Reward Index
33
Downstream: Turkish STAR Brightens Weak Market
33
Table: CEE Downstream Risk/Reward Index
34
Slovenia - Risk/Reward Index
36
Slovenia's oil and gas sector in Q415 remains relatively limited with respect to its peers in the Central and Eastern
Slovenia's oil and gas sector in Q415 remains relatively limited with respect to its peers in the Central and Eastern
European (CEE) region with a total score of 36
0, the country's score is
weighed down by a low upstream and even weaker downstream score, illustrating its relative underperformance
weighed down by a low upstream and even weaker downstream score, illustrating its relative underperformance
within CEE
We see little scope for an increase in the value over the next several quarters given the country's small
market size and limited advancement in either the upstream or downstream sectors
36
Slovenia Upstream Score - Rewards
37
Slovenia Upstream Score - Risks
37
Slovenia Downstream Score - Overview
37
Market Overview
38
Oil And Gas Infrastructure
38
Oil Refineries
38
Table: Refineries In Slovenia
38
Service Stations
38
Oil Storage Facilities
38
Oil Terminals/Ports
38
Oil Pipelines
39
Gas Pipelines
39
Competitive Landscape
41
Competitive Landscape Summary
41
Table: Key Downstream Players
42
Company Profile
43
Petrol
43
Geoplin
48
Nafta Lendava
51
Other Summaries
53
Regional Overview
55
Central And Eastern Europe Oil & Gas Regional Overview
55
Oil Production: Caspian Driving Growth
55
Oil Consumption: Demand Tempered Due To Russian Weakness
56
Refining Capacity: Few Opportunities In Weak Market
57
Natural Gas Production: Caspian Ramping-Up For 2020 Targets
58
Table: Central Asia-China Gas Pipeline Expansions
59
Gas Consumption: Soft Demand Supports Exports
60
Global Industry Overview
62
Global Energy Market Overview
62
Table: Top 10 Global Oil Producers - Crude Oil, Condensates & NGLs Production ('000b/d)
62
Table: Oil Production Growth 2015-2024* ('000b/d)
65
Table: Oil Production Growth 2015-2024* ('000b/d)
66
Appendix
68
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-Year Forecasts
68
Table: Energy Price Forecasts (Global 2013-2018)
68
Table: Energy Price Forecasts (Global 2019-2024)
69
Central And Eastern Europe - Regional Appendix
70
Table: Oil Consumption - Historical Data And Forecasts, 2012-2019 ('000b/d)
70
Table: Oil Consumption - Long-Term Forecasts, 2016-2024 ('000b/d)
71
Table: Oil Production - Historical Data And Forecasts, 2012-2019 ('000b/d)
72
Table: Oil Production - Long-Term Forecasts, 2016-2024 ('000b/d)
72
Table: Refining Capacity - Historical Data And Forecasts, 2012-2019 ('000b/d)
73
Table: Refining Capacity - Long-Term Forecasts, 2016-2024 ('000b/d)
74
Table: Gas Consumption - Historical Data And Forecasts, 2012-2019 (bcm)
74
Table: Gas Consumption - Long-Term Forecasts, 2016-2024 (bcm)
75
Table: Gas Production - Historical Data And Forecasts, 2012-2019 (bcm)
76
Table: Gas Production - Long-Term Forecasts, 2016-2024 (bcm)
77
Table: LNG Exports - Historical Data And Forecasts, 2012-2019 (bcm)
78
Table: Net LNG Exports - Long-Term Forecasts, 2016-2024 (bcm)
79
Slovenia - Total Hydrocarbons, 10-year Forecasts
80
Table: Total Hydrocarbons Production, Consumption and Net Exports (Slovenia 2013-2018)
80
Table: Total Hydrocarbons Production, Consumption and Net Exports (Slovenia 2019-2024)
81
Slovenia - Refined Products Breakdown, 10-year Forecasts
81
Table: Refined Petroleum Products, Production Breakdown (Slovenia 2013-2018)
82
Table: Refined Petroleum Products, Production Breakdown (Slovenia 2019-2024)
83
Table: Refined Petroleum Products, Consumption Breakdown (Slovenia 2013-2018)
84
Table: Refined Petroleum Products, Consumption Breakdown (Slovenia 2019-2024)
85
Table: Refined Petroleum Products, Net Exports Breakdown (Slovenia 2013-2018)
86
Table: Refined Petroleum Products, Net Exports Breakdown (Slovenia 2019-2024)
87
Glossary
88
Table: Glossary Of Terms
88
Methodology
90
Industry Forecast Methodology
90
Source
92
Risk/Reward Index Methodology
92
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
94
Table: Weighting
95

The Slovenia Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Slovenia 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 Slovenia Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Slovenian oil and gas industry.

Key Benefits

  • Benchmark BMI's independent oil and gas industry forecasts for Slovenia to test consensus views - a key input for successful budgeting and strategic business planning in the Slovenian oil and gas market.
  • Target business opportunities and risks in the Slovenian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Slovenia.
  • 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.