Slovenia Oil & Gas Report

Published 23 June 2015

  • 90 pages
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$1,295.00
Slovenia Oil & Gas Report

B MI View: There are glimmers of hope in the upstream oil and gas segment, with the Ascent-operated Petisovci tight gas scheme capable of improving near-term energy self-sufficiency and slowing the rate of growth in gas imports. The project is in the detailed permitting phase, facing unexpected slowdowns due to the lack of an established Slovenian regulatory infrastructure and new EU tendering obligations the country adopted in 2013. Permitting required for phase is progressing with public consultation starting in the first half of 2015. Recently t he Slovenian Government has decided to adopt a more supportive view of the project than in previous years in recognition of its strategic importance to the country. However, overall volumes are likely to be relatively modest, with imported Russian gas set to dominate supply for the foreseeable future. Slovenia is opposed to proposals for an Adriatic LNG terminal that is backed by Italy. This puts the country at odds with EU energy policy in the region.

Headline Forecasts (Slovenia 2013-2019)
2013 2014e 2015f 2016f 2017f 2018f 2019f
e/f = BMI estimate/forecast. Scource: BMI/EIA
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 0.1 0.4 0.5 0.5 0.5 0.5
Dry natural gas consumption, bcm 0.9 0.9 0.9 1.0 1.0 1.1 1.1
Refined products production & ethanol, 000b/d 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Refined products consumption & ethanol, 000b/d 49.4 48.9 49.2 49.5 50.0 50.4 51.0

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

  • Independent explorer Ascent Resources has recorded promising results from fracture stimulation at its Petisovci tight gas project in Slovenia. Operations at the Pg-11A well indicate the potential for high gas productivity. By the end of 2013 they had displaced investments in...

Table of Contents

BMI Industry View
7
Table: Headline Forecasts (Slovenia 2013-2019)
7
SWOT
9
Industry Forecast
10
Upstream Exploration
10
Table: Proven Oil and Gas Reserves (Slovenia 2013-2018)
11
Table: Proven Oil and Gas Reserves (Slovenia 2019-2024)
11
Upstream Production - Oil
13
Table: Oil Production (Slovenia 2013-2018)
13
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
16
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)
21
Trade - Oil
22
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)
25
Trade - Gas (Pipeline And LNG)
25
Table: Gas Net Exports (Slovenia 2013-2018)
26
Table: Gas Net Exports (Slovenia 2019-2024)
26
Industry Risk Reward Ratings
29
Central And Eastern Europe Oil & Gas Risk/Reward Index
29
Table: High Risk, Low Reward
29
Table: Central And Eastern Europe Risk/Reward Index
30
Upstream: Above-Ground Risks Limit Caspian And Russia
30
Regional Minnows Breaking Through
32
Table: CEE Upstream Risk/Reward Index
33
Downstream: Turkey Offers Bright Spot In Weak Market
33
Table: CEE Downstream Risk/Reward Index
34
Slovenia - Risk/Reward Index
36
Slovenia Upstream Score - Overview
36
Slovenia Upstream Score - Rewards
36
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
47
Nafta Lendava
50
Other Summaries
52
Regional Overview
54
Central and Eastern Europe Oil&Gas Regional Overview
54
CEE Oil Production: Russia Dominates, Caspian To Lead Growth
54
CEE Oil Consumption: Regional Demand Increasing
55
CEE Refining Capacity: Outlook Remains Weak
56
CEE Natural Gas Production: Russia, Caspian Gas Firing China
57
CEE Gas Consumption: Soft Demand Supports Exports
58
Global Industry Overview
60
Global Industry Overview - Five Themes For 2015: Oil & Gas
60
Table: LNG Export Terminals At Pre-FID Stage
65
Appendix
67
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts
67
Table: Energy Price Forecasts, 2013-2018
67
Table: Energy Price Forecasts, 2018-2023
68
Central And Eastern Europe - Regional Appendix
69
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
69
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
71
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
71
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
72
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
73
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
73
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
74
Table: Gas Consumption - Long-Term Forecasts, 2015-2023 (bcm)
75
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
75
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
76
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
77
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
77
Slovenia - Total Hydrocarbons, 10-year Forecasts
79
Table: Total Hydrocarbons Production, Consumption and Net Exports (Slovenia 2013-2018)
79
Table: Total Hydrocarbons Production, Consumption and Net Exports (Slovenia 2019-2024)
79
Slovenia - Refined Products Breakdown, 10-year Forecasts
80
Table: Refined Petroleum Products, Production Breakdown (Slovenia 2013-2018)
80
Table: Refined Petroleum Products, Production Breakdown (Slovenia 2019-2024)
81
Table: Refined Petroleum Products, Consumption Breakdown (Slovenia 2013-2018)
82
Table: Refined Petroleum Products, Consumption Breakdown (Slovenia 2019-2024)
83
Table: Refined Petroleum Products, Net Exports Breakdown (Slovenia 2013-2018)
84
Table: Refined Petroleum Products, Net Exports Breakdown (Slovenia 2019-2024)
85
Glossary
86
Table: Glossary Of Terms
86
Methodology
88
Industry Forecast Methodology
88
Source
90
Risk/Reward Index Methodology
90
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
92
Table: Weighting
93

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.

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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