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South Korea Oil and Gas Report Q1 2016

South Korea Oil and Gas Report Q1 2016

BMI View: Even as we expect the current lower oil price environment to continue to support refiningmargins and lower crude feedstock costs, the slowdown in demand in South Korea's major refined fuelsexports markets, notably China, will keep a lid on exports growth over the next decade. We also note thatwhile South Korea will remain a sizable net importer of LNG through to 2024, muted economic growth andenergy diversification in the power sector will see the country's import requirements gradually trenddownwards over the long-term.

Latest Updates And Key Forecasts

South Korea's large refining sector will keep its crude oil imports elevated over the next decade, helpingit to maintain its position as the world's fifth largest crude oil importer.

The Middle East will remain the country's largest supplier of crude oil, though the government is activelytrying to diversify its crude sources. In fact, the country plans to provide freight incentives to non-MiddleEastern crude shipments from 2016. This will provide greater opportunities for suppliers in Europe,Africa and the Americas.


BMI Industry View
Table: Headline O&G Forecasts (South Korea 2013-2019)
Latest Updates And Key Forecasts
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Table: Proven Oil and Gas Reserves (South Korea 2013-2018)
Table: Proven Oil and Gas Reserves (South Korea 2019-2024)
Upstream Projects
Table: South Korea - Key Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
Table: Oil Production (South Korea 2013-2018)
Table: Oil Production (South Korea 2019-2024)
Upstream Production - Gas
Latest Updates
Structural Trends
Table: Gas Production (South Korea 2013-2018)
Table: Gas Production (South Korea 2019-2024)
Refining
Latest Updates
Structural Trends
Table: Refining Capacity and Refined Products Production (South Korea 2013-2018)
Table: Refining Capacity and Refined Products Production (South Korea 2019-2024)
Refined Fuels Consumption
Latest Updates
Structural Trends
Table: Refined Products Consumption (South Korea 2013-2018)
Table: Refined Products Consumption (South Korea 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
Table: Gas Consumption (South Korea 2013-2018)
Table: Gas Consumption (South Korea 2019-2024)
Trade - Oil
Crude Oil Trade Forecasts
Latest Updates
Structural Trends
Table: Crude Oil Net Exports (South Korea 2013-2018)
Table: Crude Oil Net Exports (South Korea 2019-2024)
Refined Oil Trade Forecasts
Latest Updates
Structural Trends
Table: Refined Fuels Net Exports (South Korea 2013-2018)
Table: Refined Fuels Net Exports (South Korea 2019-2024)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
Table: Gas Net Exports (South Korea 2013-2018)
Table: Gas Net Exports (South Korea 2019-2024)
Industry Risk Reward Index
Table: Asia: Upstream Risk/Reward Index
Table: Asia: Downstream Risk/Reward Index
South Korea - Oil & Gas Risk/Reward Index
South Korea Upstream Index - Overview
South Korea Upstream Index - Rewards
South Korea Upstream Index - Risks
South Korea Downstream Index - Overview
Market Overview
South Korea Energy Market Overview
Fiscal Regime
Table: Key Fiscal Indicators
Open Blocks
Table: Open Offshore Blocks
Oil And Gas Infrastructure
Oil Refineries
Table: Refineries In South Korea
Oil Storage
Table: Oil Storage Facilities In South Korea
LNG Terminals
Table: LNG Terminals In South Korea
Gas Storage
Table: Gas Storage Facilities In South Korea
Table: Gas Storage Facilities In South Korea Under Construction
Gas Pipelines
Table: Gas Distribution Pipelines In South Korea
Competitive Landscape
Competitive Landscape Summary
Table: Key Players - South Korean Oil & Gas Sector
Table: Key Upstream Players
Table: Key Downstream Players
Company Profile
Korea Gas (KOGAS)
Korea National Oil Corporation (KNOC)
SK Innovation
Other Summaries
Regional Overview
Asia - Weak Oil Prices Will Hit Region's Long-Term O&G Production
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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