Asia Oil and Gas Report - Business Monitor International - Industry Reports

Asia Oil and Gas Report

Asia Oil and Gas Report - Business Monitor International - Industry Reports
Asia Oil and Gas Report
Published May 28, 2016
75 pages — Published May 28, 2016
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Abstract:

BMI View: A persistent weakness in oil prices will continue to weigh on Asia s long-term upstream production growth potential, amid more conservative spending patterns among major firms. Low oil prices will prove beneficial for many of the region s importers, though rising fuel efficiency standards and stricter emissions laws pose longer-term downside risks. ...BMI View: A persistent weakness in oil prices will continue to weigh on Asia s long-term upstream production growth potential, amid more conservative spending patterns among major firms. Low oil prices will prove beneficial for many of the region s importers, though rising fuel efficiency standards and stricter emissions laws pose longer-term downside risks. Gas consumption growth will remain robust, supported by a greater shift to cleaner energy sources and a significant upsurge in regional liquefaction capacity. ...Gas consumption growth will remain robust, supported by a greater shift to cleaner energy sources and a significant upsurge in regional liquefaction capacity. The key trends we highlight for the Asia oil and gas sector this quarter, covering our --------- forecast period are: Weakness in global crude prices, which will slow investment in upstream activities and limit the scope for significant new discoveries to offset natural declines in the region s mature basins An increasingly oversupplied regional LNG market, coupled with weak demand in the region s largest consumers, which will keep prices under pressure Asian emerging markets to drive demand for refined fuels, on account of positive economic performance and low fuels prices, though rising fuel efficiency standards and stricter environmental laws pose longer- term downside risks Gas consumption growth to remain robust over the next -- years, driven by an upsurge in gas-fired electricity generation, rising investment in gas pipeline connectivity in certain emerging markets and strong policy-driven consumption growth in China

...However, as with the LNG exporters, Asian refiners will remain under pressure amid an oversupplied regional fuels market. Rising fuel efficiency standards in North America and Western Europe will push supplies from these regions to compete in the overseas markets. ...Rising fuel efficiency standards in North America and Western Europe will push supplies from these regions to compete in the overseas markets. In addition, large refining capacity additions in the Middle East will exacerbate competition for shares in the Asian market, expanding the supply glut and exerting downward pressure onto prices. An enduring theme in the persistently well supplied regional market in the coming years will be the under- utilisation of existing capacity and likelihood of greater consolidation among refiners. ...An enduring theme in the persistently well supplied regional market in the coming years will be the under- utilisation of existing capacity and likelihood of greater consolidation among refiners. Furthermore, refiners upgrades will seek to improving the technological sophistication of existing facilities (rather than absolute capacity additions), as production slate flexibility gain greater prominence over mere scale.

...We anticipate oil output to fall in the region s largest producers, namely China, Indonesia, India, Malaysia, Australia and Thailand. A combination of low oil prices, upstream spending cuts and availability of cheaper imports will hinder investment in new projects. ...

  
Source:
Document ID
2398-0788
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Asia Oil and Gas Report" May 28, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Asia-Oil-and-Gas-Report-2026-1960>
  
APA:
Business Monitor International - Industry Reports. (2016). Asia Oil and Gas Report May 28, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Asia-Oil-and-Gas-Report-2026-1960>
  
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