Market Research Logo

China Oil and Gas Report Q1 2015


Attention: There is an updated edition available for this report.

China Oil and Gas Report Q1 2015

BMI View: We have upgraded our short-term forecast for Chinese oil consumption on expectations thatlower oil prices will give demand a brief boost, though longer term demand will still be constrained bystructural issues in the Chinese economy. Oil production forecasts have been downgraded, as higher oilprices will hit expensive EOR and unconventional projects which are needed to maintain China's oil output.

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

We have downgraded our forecast for Chinese crude oil production, as a lower oil price environment andongoing corruption probe into the sector hits investment into the EOR and unconventional developmentsneeded to support growth. Production will stagnate up to 2017, and trend downwards from 2018.

Gas production will remain on the uptrend, with new tight gas developments as the main driver of outputgrowth. We have also moderated our already conservative outlook for shale gas production in light of thegovernment's downward target revision.


BMI Industry View
Table: Headline Forecasts (China 2012-2018)
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Table: Proven Oil and Gas Reserves (China 2012-2017)
Table: Proven Oil and Gas Reserves (China 2018-2023)
Table: Estimates For Resources In East China And South China Sea
Table: Offshore Discoveries In Recent Years
Table: Notable Offshore JVs
Table: Recoverable Shale Gas Estimates In China
Table: Major IOC Involvement In China's Shale Gas Exploration
Upstream Projects
Table: Upstream Project Database
Upstream Production - Oil
Table: Oil Production (China 2012-2017)
Table: Oil Production (China 2018-2023)
Upstream Production - Gas
Table: Gas Production (China 2012-2017)
Table: Gas Production (China 2018-2023)
Major Gas Fields
Growth Sources
Forecast
Tight Gas
Coal-Bed Methane
Shale Gas
Coal-To-Gas (CTG)
Refining
Table: Refining Capacity and Refined Products Production (China 2012-2017)
Table: Refining Capacity and Refined Products Production (China 2018-2023)
Refined Fuels Consumption
Table: Refined Products Consumption* (China 2012-2017)
Table: Refined Products Consumption* (China 2018-2023)
Impact Of A Lower Oil Price Environment
Gas Consumption
Table: Gas Consumption (China 2012-2017)
Table: Gas Consumption (China 2018-2023)
Trade - Oil
Crude Oil Trade
Table: Crude Oil Net Exports (China 2012-2017)
Table: Crude Oil Net Exports (China 2018-2023)
Crude Oil Trade Partners
Middle East Makes Up Shortfall Still
Brazil's Loss, Colombia's Gain
Outage Risks To Limit African Growth
Refined Oil Trade
Table: Refined Fuels Net Exports (China 2012-2017)
Table: Refined Fuels Net Exports (China 2018-2023)
Table: Total Net Oil Exports - Crude and Products (China 2012-2017)
Table: Total Net Oil Exports - Crude and Products (China 2018-2023)
Trade - Gas (Pipeline and LNG)
Table: Gas Net Exports (China 2012-2017)
Table: Gas Net Exports (China 2018-2023)
LNG
LNG Deals
Table: Major LNG Supply Deals
Industry Risk Reward Ratings
Asia - Risk/Reward Index
Table: Asia's Oil & Gas Risk/Reward Index
Table: Asia Upstream Sector Risk/Reward Index
Resource-Rich Countries Hit By State Involvement
Table: Asia O&G Downstream Risk/Reward Index
Downstream Support
China - Risk/Reward Index
China Upstream Index - Overview
China Upstream Index - Rewards
China Upstream Index - Risks
China Downstream Index - Overview
Market Overview
China Energy Market Overview
Overview/State Role
Government Policy
Offshore Production
Table: Offshore Production Royalty Structure
Table: China: Tiered Gas Pricing System For Non-Residential Sector
Table: China: Tiered Gas Pricing For Residential Users
Table: Shanghai: Tiered Gas Pricing System For Residential Users
Licensing Rounds
Table: Winners Of Second Shale Gas Licensing Round
Table: 2014 Offshore Blocks Open To Foreign Participation
International Energy Relations
Table: Key Chinese Investment In African Upstream
Table: Key Chinese Downstream Investment In Africa
Oil And Gas Infrastructure
Oil Refineries
Table: Refineries In China
Coal-To-Liquids (CTL) Plants
Oil Storage Facilities
Table: China's Strategic Petroleum Reserves
Table: China's Commercial Oil Storage Capacity
Table: Commercial Crude Oil Storage Terminals In China
Oil Pipelines
LNG Receiving Terminals
Table: LNG Terminals In China
Gas Storage Facilities
Gas Pipelines
CBM Pipeline
Coal-To-Gas (CTG) Plants
Coal-To-Gas Pipeline
Competitive Landscape
Competitive Landscape Summary
Table: Key Players - Chinese Oil And Gas Sector
Table: Key Upstream Players
Table: Key Downstream Players
Company Profile
China National Petroleum Corporation (CNPC)
PetroChina
Sinopec
China National Offshore Oil Corporation (CNOOC)
Shell (China)
BP China
ExxonMobil China
Husky Energy
Chevron
Total
Other Summaries
Regional Overview
Asia Overview
Slower Oil Consumption Growth
Significant Oil Importer Still
Tightening In The Downstream
Gas Demand Growth To Outshine Oil
Gas Production And Export Rise
Asia To Absorb Gas Export Growth
A Hot Market For LNG
Strategies To Lower LNG Prices
Sino-Russian Gas Deal Promises Softer Prices
Global Industry Overview
Table: Key US Production Zones Average Full Cycle Breakeven Cost Per Barrel (USD/bbl)
Table: Canadian Oil Sands Average Full Cycle Breakeven Cost Per Barrel (USD/bbl)
Table: Middle East Onshore Conventional Breakeven Cost Per Barrel, (USD/BBL)
Table: Average Fiscal Breakeven Prices Of Key Middle East Producers 2014 (USD/bbl)
Appendix
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts
Table: Energy Price Forecasts ( Global 2012-2017)
Table: Energy Price Forecasts (Global 2018-2023)
Asia - Regional Appendix
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
Table: Gas Consumption - Long-Term Forecasts, 2015-2023 (bcm)
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
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

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report