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South Korea Oil and Gas Report Q4 2015

South Korea Oil and Gas Report Q4 2015

BMI View: The lower oil price environment will help to boost refining margins and reduce South Korea'simport bill. Weaker Chinese demand and rising competition in the refined fuels export market will requireKorean refiners to invest in producing higher-grade fuels, as well as petrochemical products. While SouthKorea will remain a large net importer of LNG, slower economic growth and greater integration of cleanerenergy sources will dilute gas' share in the country's total energy mix in the coming years.

The key trends for South Korea's oil and gas sector are:

South Korea's large refining sector will keep its crude oil import elevated over the next decade. TheMiddle East will remain the country's largest supplier of crude oil, though will face competition fromAfrican and Russian suppliers.


BMI Industry View
Table: Headline Forecasts (South Korea 2013-2019)
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
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: Upstream Projects
Upstream Production - Oil
Table: Oil Production (South Korea 2013-2018)
Table: Oil Production (South Korea 2019-2024)
Upstream Production - Gas
Table: Gas Production (South Korea 2013-2018)
Table: Gas Production (South Korea 2019-2024)
Refining
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
Table: Refined Products Consumption* (South Korea 2013-2018)
Table: Refined Products Consumption* (South Korea 2019-2024)
Table: South Korea - Average Gasoline Prices By Brand, May 2015
Gas Consumption
Table: Gas Consumption (South Korea 2013-2018)
Table: Gas Consumption (South Korea 2019-2024)
Electricity Generation
Gas Consumption Forecast
Trade - Oil
Crude Oil Trade
Table: Crude Oil Net Exports (South Korea 2013-2018)
Table: Crude Oil Net Exports (South Korea 2019-2024)
Refined Oil Trade
Table: Refined Fuels Net Exports (South Korea 2013-2018)
Table: Refined Fuels Net Exports (South Korea 2019-2024)
Table: Total Net Oil Exports - Crude and Products (South Korea 2013-2018)
Table: Total Net Oil Exports - Crude and Products (South Korea 2019-2024)
Trade - Gas (Pipeline and LNG)
Table: Gas Net Exports (South Korea 2013-2018)
Table: Gas Net Exports (South Korea 2019-2024)
LNG Trade
Table: Major Korean LNG Supply Deals
Trade Partners
Industry Risk Reward Ratings
Industry Risk Reward Index
Table: Asia: Oil & Gas Risk/Reward Index
Upstream Risk/Reward Index: Sustained Low Oil Prices Weaken Production Outlook
Table: Asia: Upstream Risk/Reward Index
Downstream Risk/Reward Index: Political Uncertainties Undercut Demand Growth Outlook
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
Service Stations
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 And Gas Sector
Table: Key Upstream Players
Table: Key Downstream Players
Company Profile
Korea National Oil Corporation (KNOC)
Korea Gas (Kogas)
SK Innovation
Other Summaries
Regional Overview
Asia Oil And Gas Regional Overview
Global Industry Overview
Global Energy Market Overview
Table: Top 10 Global Oil Producers - Crude Oil, Condensates & NGLs Production ('000b/d)
Table: Oil Production Growth 2015-2024* ('000b/d)
Table: Oil Production Growth 2015-2024* ('000b/d)
Appendix
Asia - Regional Appendix
Table: Oil Consumption - Historical Data & Forecasts, 2012-2019 ('000b/d)
Table: Oil Consumption - Long-Term Forecasts, 2016-2024 ('000b/d)
Table: Oil Production - Historical Data & Forecasts, 2012-2019 ('000b/d)
Table: Oil Production - Long-Term Forecasts, 2016-2024 ('000b/d)
Table: Refining Capacity - Historical Data & Forecasts, 2012-2019 ('000b/d)
Table: Refining Capacity - Long-Term Forecasts, 2016-2024 ('000b/d)
Table: Gas Production - Historical Data & Forecasts, 2012-2019 (bcm)
Table: Gas Production - Long-Term Forecasts, 2016-2024 (bcm)
Table: Gas Consumption - Historical Data & Forecasts, 2012-2019 (bcm)
Table: Gas Consumption - Long-Term Forecasts, 2016-2024 (bcm)
Table: LNG Exports - Historical Data & Forecasts, 2012-2019 (bcm)
Table: Net LNG Exports - Long-Term Forecasts, 2016-2024 (bcm)
South Korea - Total Hydrocarbons, 10-year Forecasts
Table: Total Hydrocarbons Production, Consumption and Net Exports (South Korea 2013-2018)
Table: Total Hydrocarbons Production, Consumption and Net Exports (South Korea 2019-2024)
South Korea - Refined Products Breakdown, 10-year Forecast
Table: Refined Petroleum Products, Production Breakdown (South Korea 2013-2018)
Table: Refined Petroleum Products, Production Breakdown (South Korea 2019-2024)
Table: Refined Petroleum Products, Consumption Breakdown (South Korea 2013-2018)
Table: Refined Petroleum Products, Consumption Breakdown (South Korea 2019-2024)
Table: Refined Petroleum Products, Net Exports Breakdown (South Korea 2013-2018)
Table: Refined Petroleum Products, Net Exports Breakdown (South Korea 2019-2024)
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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