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Australia Oil and Gas Report Q2 2016

Australia Oil and Gas Report Q2 2016

BMI View: Australia is on course to overtake Qatar as the largest LNG exporter in the world by 2019. Therecent start-up of Chevron's Gorgon LNG marks the country's seventh active export terminal, with threemore projects in various stages of construction. The country will remain a heavy importer of refined fuels,due to substantial cutbacks in domestic refining capacity, and given limited scope for any new additionswithin the next decade, this looks set to continue through to 2025.

The main trends and developments we highlight for Australia's oil and gas sector are:

An upsurge in liquids output will temporarily swing Australia's crude oil output into a surplus, turning itinto a net importer over 2016-2024. However, rising demand and falling production will reverse the trendfrom 2025.

Australia is on course to overtake Qatar as the world's largest LNG exporter by 2019, according to ourforecasts.

The start-up of Chevron's Gorgon LNG means that Australia now has seven active LNG export terminalsin operation, with total export capacity of 88.6bcm.

While a substantial deficit in refining capacity renders the country to rely on refined fuels imports to meetdemand, we do not see scope for major capacity additions, due to high project cost, rising competition inthe regional exports market and limited growth opportunities offered within a saturated domestic market.


BMI Industry View
Table: Headline Forecasts (Australia 2014-2020)
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Table: Recoverable Shale Oil And Gas
Table: Proven Oil and Gas Reserves (Australia 2014-2019)
Table: Proven Oil and Gas Reserves (Australia 2020-2025)
Upstream Projects
Table: Australia - Key Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
Table: Oil Production (Australia 2014-2019)
Table: Oil Production (Australia 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
Table: Gas Production (Australia 2014-2019)
Table: Gas Production (Australia 2020-2025)
Refining
Latest Updates
Structural Trends
Table: Refining Capacity and Refined Products Production (Australia 2014-2019)
Table: Refining Capacity and Refined Products Production (Australia 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
Table: Refined Products Consumption* (Australia 2014-2019)
Table: Refined Products Consumption* (Australia 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
Table: Gas Consumption (Australia 2014-2019)
Table: Gas Consumption (Australia 2020-2025)
Trade - Oil
Crude Oil
Latest Updates
Structural Trends
Table: Crude Oil Net Exports (Australia 2014-2019)
Table: Crude Oil Net Exports (Australia 2020-2025)
Refined Fuels
Latest Updates
Structural Trends
Table: Refined Fuels Net Exports (Australia 2014-2019)
Table: Refined Fuels Net Exports (Australia 2020-2025)
Trade - Gas (Pipeline and LNG)
Latest Updates
Structural Trends
Table: Gas Net Exports (Australia 2014-2019)
Table: Gas Net Exports (Australia 2020-2025)
Industry Risk Reward Index
Asia - Oil & Gas Risk/Reward Index
Upstream Risk/Reward Index: Persistent Oil Price Weakness Underpins Bearish Outlook
Table: Asia: Upstream Risk/Reward Index
Downstream Risk/Reward Index: Projection For Weaker Economic Growth Undermines India's Scores
Table: Asia: Downstream Risk/Reward Index
Australia - Risk/Reward Index
Australia Upstream Index - Overview
Australia Upstream Index - Rewards
Australia Upstream Index - Risks
Australia Downstream Index - Overview
Market Overview
Australia Energy Market Overview
Regulatory Regime
Fiscal Regime
Table: Key Fiscal Indicators
Licensing Rounds
Table: 2015 Petroleum Acreage Release
Oil & Gas Infrastructure
Table: Oil Refineries
LNG Terminals
Table: LNG Terminals In Australia
Gas Pipelines
Table: Major Gas Pipelines in Australia
Competitive Landscape
Competitive Landscape Summary
Table: Key Players - Australia Oil & Gas Sector
Table: Key Upstream Players
Table: Key Downstream Players
Company Profile
Apache Corporation
BG Group Australia
BHP Billiton
Chevron Australia
ConocoPhillips
ExxonMobil Australia
Royal Dutch Shell
Santos
Woodside Petroleum
Other Summaries
Regional Overview
Industry Trend Analysis
Glossary
Table: Glossary Of Terms
Methodology
Industry Forecast Methodology
Source
Risk/Reward Index Methodology
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
Table: Weighting

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