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Thailand Oil and Gas Report Q2 2015

Thailand Oil and Gas Report Q2 2015

BMI View: Thailand is expected to remain driven by a strong oil and gas demand far outweighing thedomestic production over our forecast period to 2024. With declining oil and gas reserves, we expect longtermoil and gas production trends to remain stagnant or negative, despite a slight increase in short tomedium term. However, the 21st licensing round, scheduled for early 2015, poses an upside risk to ourcurrent reserves and production forecast.

The main trends and developments we highlight in the Thai oil and gas sector are:

In early February 2015, Canada-based Pan Orient Energy completed the sale of a 50% equity interest inits subsidiary Pan Orient Energy (Siam) to a wholly owned subsidiary of Thailand-based Sea Oil PublicCompany. Siam holds Pan Orient's 100% stake in the concession L53/48 in Thailand.

As part of its energy price reforms, Thailand's government has further increased prices of compressednatural gas (NGV). The move is likely to considerably reduce the government's LPG subsidy burden. TheNGV price has been increased by THB0.50/kg (USD0.015/kg) to THB13/kg (USD0.39/kg) for privatetransport operators and by the same amount to THB10/kg (USD0.31/kg) for public transport operators.


BMI Industry View
Table: Headline Forecasts (Thailand 2013-2019)
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Table: Proven Oil and Gas Reserves (Thailand 2013-2018)
Table: Proven Oil and Gas Reserves (Thailand 2019-2024)
Upstream Projects
Table: Thailand Major Upstream Projects
Upstream Production - Oil
Table: Oil Production (Thailand 2013-2018)
Table: Oil Production (Thailand 2019-2024)
Upstream Production - Gas
Table: Gas Production (Thailand 2013-2018)
Table: Gas Production (Thailand 2019-2024)
Refining
Table: Refining Capacity and Refined Products Production (Thailand 2013-2018)
Table: Refining Capacity and Refined Products Production (Thailand 2019-2024)
Refined Fuels Consumption
Table: Refined Products Consumption* (Thailand 2013-2018)
Table: Refined Products Consumption* (Thailand 2019-2024)
Gas Consumption
Table: Gas Consumption (Thailand 2013-2018)
Table: Gas Consumption (Thailand 2019-2024)
Trade - Oil
Table: Crude Oil Net Exports (Thailand 2013-2018)
Table: Crude Oil Net Exports (Thailand 2019-2024)
Table: Refined Fuels Net Exports (Thailand 2013-2018)
Table: Refined Fuels Net Exports (Thailand 2019-2024)
Table: Total Net Oil Exports - Crude and Products (Thailand 2013-2018)
Table: Total Net Oil Exports - Crude and Products (Thailand 2019-2024)
Trade - Gas (Pipeline and LNG)
Table: Gas Net Exports (Thailand 2013-2018)
Table: Gas Net Exports (Thailand 2019-2024)
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
Downstream Support
Thailand - Risk/Reward Index
Market Overview
Thailand Energy Market Overview
Overview/State Role
Licensing And Regulation
Government Policy
Licensing Rounds
International Energy Relations
Table: Key Upstream Players
Table: Key Downstream Players*
Oil And Gas Infrastructure
Table: Refineries In Thailand
Service Stations
Oil Storage Facilities
LNG Terminals
Oil Pipelines
Gas Storage
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
Table: Key Players In Thailand's Oil & Gas Sector
Company Profile
PTT
PTT Exploration and Production (PTTEP)
Chevron
ExxonMobil (Thailand)
Thai Shell Co
Salamander Energy
Other Summaries
Regional Overview
Asia Oil And Gas Regional Overview
Upstream Production: A Weaker Market Ahead
Asia: Hit By Industry Spending Caution
Downstream: Fierce Market Competition To Endure
Oil Consumption: Lower Prices Compensate For Subsidy Cuts
Gas Consumption: South Catches Up With North
Markets To Watch: India & Indonesia
Global Industry Overview
Global Industry Overview - 5 Themes For 2015: Oil & Gas
Table: LNG Export Terminals At Pre-FID Stage
Appendix
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts
Table: Energy Price Forecasts (Global 2013-2018)
Table: Energy Price Forecasts (Global 2019-2024)
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)
Thailand - Total Hydrocarbons, 10-year Forecasts
Table: Total Hydrocarbons Production, Consumption and Net Exports (Thailand 2013-2018)
Table: Total Hydrocarbons Production, Consumption and Net Exports (Thailand 2019-2024)
Thailand - Refined Products Breakdown, 10-year Forecasts
Table: Refined Petroleum Products, Production Breakdown (Thailand 2013-2018)
Table: Refined Petroleum Products, Production Breakdown (Thailand 2019-2024)
Table: Refined Petroleum Products, Consumption Breakdown (Thailand 2013-2018)
Table: Refined Petroleum Products, Consumption Breakdown (Thailand 2019-2024)
Table: Refined Petroleum Products, Net Exports Breakdown (Thailand 2013-2018)
Table: Refined Petroleum Products, Net Exports Breakdown (Thailand 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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