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

Hungary Oil and Gas Report

Hungary Oil and Gas Report - Business Monitor International - Industry Reports
Hungary Oil and Gas Report
Published Sep 03, 2016
72 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

According to reports in Natural Gas Europe, UK-listed JKX Oil and Gas will increase its focus on gas prospects in Hungary and Slovakia in ----, after the company faced disappointing results in Ukraine during ----. JKX Oil and Gas has --- interest in six production licences in Hungary. ...Production volumes will contract from --,---b/d in ---- to around --,---b/d in ----. Hungary s minuscule gas production will be unable to fulfil the growing consumption, leading to a yawning deficit that will be filled by rising imports. � Domestic consumption of refined products will increase steadily throughout our forecast period on the back of strong macro fundamentals, especially on the manufacturing and private consumption side. ...Hungary s minuscule gas production will be unable to fulfil the growing consumption, leading to a yawning deficit that will be filled by rising imports. � Domestic consumption of refined products will increase steadily throughout our forecast period on the back of strong macro fundamentals, especially on the manufacturing and private consumption side.

...The future of upstream exploration in Hungary is bleak. There is currently no ongoing exploration in the country despite three exploration licenses being awarded in February ----. ...There is currently no ongoing exploration in the country despite three exploration licenses being awarded in February ----. A report from junior explorer Falcon Oil & Gas that its Besa D-- well in the country s sole Mako Tough license area had encountered gas shows in July ---- was a rare piece of good news on the exploration front. D-- was the second of a three-well programme to evaluate new gas potential in the Mako Trough licensing area. ...We do not foresee this changing in our forecast period. It would be cheaper to source gas from abroad then from shale, as Hungary s shale is deeper and more difficult to source then other parts of Europe, giving the government little commercial incentive to change the law.

...Magyar Olaj-es Gazipari Nyrt (MOL) runs one of Central Europe s largest and most efficient oil refineries and is continuing to diversify its asset base with its first foray into offshore exploration and production. Hungary s central location gives it access to several pipeline systems, reducing the risk of technical service disruptions. ...

  
Source:
Document ID
1748-3999
Country
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. "Hungary Oil and Gas Report" Sep 03, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Hungary-Oil-and-Gas-Report-2026-259>
  
APA:
Business Monitor International - Industry Reports. (2016). Hungary Oil and Gas Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Hungary-Oil-and-Gas-Report-2026-259>
  
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