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China Oil and Gas Report Q3 2014

LONDON, Aug. 4, 2014 /PRNewswire/ -- has added a new market research report:

China Oil and Gas Report Q3 2014

Includes 3 FREE quarterly updates

BMI View:

While China is increasingly dependent on energy imports - particularly gas - owing to rapid growth in its energy demand, there are considerable investment opportunities in its upstream segment. Concerted efforts by the government to improve the economics of gas production and conditions for private investment have allowed for some opening for greater private and foreign involvement. However, expansion opportunities in the downstream look to be increasingly limited as the government restricts new short-term investments to battle both the problems of a potential overcapacity in the market, and the country's environmental problems.

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

- Much of the China's crude oil production upside will come from increased output from fields yet to reach peak capacity, while enhanced oil recovery (EOR) measures will also help to maintain production levels at older fields. We expect Chinese production (less refining gains) to rise over the next few years, peaking at 4.4mn barrels per day (b/d) in 2017 before declining to 4.2mn b/d by 2023.

BMI Industry View 9


Industry Forecast .. 13

Oil And Gas Reserves .. 13

Table: China Proven Oil & Gas Reserves & Total Petroleum Data: Historical Data & Forecasts, 2012-2017 . . 13

Table: China Proven Oil & Gas Reserves & Total Petroleum Data: Long-Term Forecasts, 2018-2023 14

Offshore China . 15

Table: Estimates For Resources In East China And South China Sea . . 16

Table: Offshore Discoveries In Recent Years . . 16

Table: Notable Offshore JVs . 18

Coal-bed Methane (CBM) 19

Shale Liquids & Gas . 19

Table: Recoverable Shale Gas Estimates In China . . 20

Table: Major IOC Involvement In China's Shale Gas Exploration 22

Oil Supply And Demand .. 28

Table: China Oil Production & Net Exports: Historical Data & Forecasts, 2012-2017 . . 28

Table: China Oil Production & Net Exports: Long-Term Forecasts, 2018-2023 . 29

Oil Consumption .. 32

Refining And Oil Products Trade .. 34

Table: China Refining - Production & Consumption: Historical Data & Forecasts, 2012-2017 . . 34

Table: China Refining - Production & Consumption: Long-Term Forecasts, 2018-2023 . 35

Gas Supply And Demand . 40

Table: China Gas Production, Consumption & Net Exports: Historical Data & Forecasts, 2012-2017 40

Table: China Gas Production, Consumption & Net Exports: Long-Term Forecasts, 2018-2023 . . 41

LNG 54

Table: Major LNG Supply Deals . . 54

Key Risks To BMI's Forecast Scenario . 56

Industry Risk Reward Ratings 57

China - Risk/Reward Ratings 57

China Upstream Rating - Overview . 57

China Upstream Rating - Rewards .. 57

China Upstream Rating - Risks . 57

China Downstream Rating - Overview 58

Asia - Risk/Reward Ratings .. 58

Table: Asia's Oil & Gas Risk/Reward Ratings 59

The Upstream Leaders . 60

Resource-Rich Countries Hit By State Involvement 62

Table: Asia Upstream Sector Risk/Reward Ratings . 65

Downstream Support 65

Table: Asia O&G Downstream Risk/Reward Ratings . . 70

Market Overview 71

China Energy Market Overview .. 71

Overview/State Role . 72

Government Policy .. 74

Table: Offshore Production Royalty Structure 77

Licensing Rounds . 81

Table: Winners Of Second Shale Gas Licensing Round 82

Table: 2013 Open Blocks In Offshore China For Foreign Cooperation . 83

International Energy Relations .. 84

Table: Key Chinese Investment In African Upstream . . 99

Table: Key Chinese Downstream Investment In Africa 101

Oil And Gas Infrastructure . 102

Oil Refineries 102

Table: Refineries In China . 102

Coal-To-Liquids (CTL) Plants 110

Oil Storage Facilities .. 111

Table: China's Strategic Petroleum Reserve . 111

Table: China's Commercial Oil* Storage Capacity 112

Table: Commercial Crude Oil Storage Terminals In China . 112

Oil Pipelines .. 113

LNG Receiving Terminals . 116

Table: LNG Terminals In China . . 116

Gas Storage Facilities 123

Gas Pipelines . 124

CBM Pipeline .. 126

Coal-To-Gas (CTG) Plants . 126

Coal-To-Gas Pipeline .. 127

Competitive Landscape .. 129

Competitive Landscape Summary 129

Table: Key Players - Chinese Oil And Gas Sector . 130

Table: Key Upstream Players . 131

Table: Key Downstream Players . 131

Company Profile .. 132

China National Petroleum Corporation (CNPC) 132

PetroChina 137

Sinopec .. 143

China National Offshore Oil Corporation (CNOOC) 150

Shell (China) 159

BP China .. 163

ExxonMobil China .. 166

Husky Energy .. 168

Chevron . 171

Total .. 174

Other Summaries . 177

Regional Overview . 181

Asia Overview .. 181

The World's Largest Oil Guzzler . 181

Tightening In The Downstream 185

Gas Market Potential Set To Outshine Oil . 189

A Hot Market For LNG . 193

The Centre Of The LNG Price Debate 196

Global Industry Overview 198

Global Energy Market Overview .. 198

OPEC Reconsiders Modus Operandi . 200

Production Outages Look Likely To Persist .. 201

Global Oil Demand Picks Up .. 202

Capex Growth Cycle Shifting Gears 204

Table: BMI Oil Price Forecasts, Annual Average, USD/bbl 204

Appendix .. 207

Asia - Regional Appendix 207

Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d) . 207

Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d) 208

Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d) . 209

Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d) . . 209

Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d) 210

Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d) 211

Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm) 212

Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm) . . 213

Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm) . 214

Table: Gas Consumption - Long-Term Forecasts, 2015-2023 (bcm) 214

Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm) 215

Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm) 216

China - Refined Products Breakdown, 10-year Forecasts 218

Table: China Refined Petroleum Products, Production Breakdown, 2012-2017 218

Table: China Refined Petroleum Products, Production Breakdown, 2018-2023 219

Table: China Refined Petroleum Products, Consumption Breakdown, 2012-2017 . 220

Table: China Refined Petroleum Products, Consumption Breakdown, 2018-2023 . 221

Table: China Refined Petroleum Products, Net Exports Breakdown, 2012-2017 222

Table: China Refined Petroleum Products, Net Exports Breakdown, 2018-2023 223

Table: China LPG Production, Consumption and Net Exports, 2012-2017 . . 224

Table: China LPG Production, Consumption and Net Exports, 2018-2023 . . 224

Glossary 226

Table: Glossary Of Terms . . 226

Methodology .. 228

Industry Forecast Methodology .. 228

Source . 230

Risk/Reward Ratings Methodology . 230

Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings . 232

Table: Weighting . . 233



Read the full report:

China Oil and Gas Report Q3 2014

For more information:

Sarah Smith

Research Advisor at

Email: [email protected]

Tel: +44 208 816 85 48




SOURCE ReportBuyer

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