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New Market Research Report: Hong Kong Oil & Gas Report Q3 2011

New Energy research report from Business Monitor International is now available from Fast Market Research

 
PRLog - Jun. 27, 2011 - The latest Hong Kong Oil & Gas Report from BMI forecasts that the country will account for just 1.5% of Asia Pacific regional oil demand by 2015, while making no contribution to supply. Regional oil use of 20.6mn barrels per day (b/d) in 2001 reached an estimated 26.4mn b/d in 2010 and is forecast to rise to around 29.6mn b/d by 2015. Regional oil production was around 7.6mn b/d in 2001 and averaged an estimated 8.0mn b/d in 2010. It is set to increase to 8.2mn b/d by 2015. Oil imports are growing rapidly, because demand growth is outstripping the pace of supply expansion. In 2001, the region was importing an average 12.99mn b/d. This total rose to an estimated 18.37mn b/d in 2010 and is forecast to reach 21.4mn b/d by 2015. The principal importers will be China, Japan, India and South Korea. By 2015 the only net exporter will be Malaysia.

In terms of natural gas, in 2010 the region consumed around 511.5bn cubic metres (bcm) and demand of 653.9bcm is targeted for 2015. Production of an estimated 405.8bcm in 2010 should reach 556.7bcm in 2015, implying net imports falling from around 105.7bcm to 97.2bcm. Hong Kong's estimated share of gas consumption in 2010 is 0.69%, and it has no share of production. By 2015 its share of gas consumption is forecast to be around 0.64%.

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Full Report Details at
- http://www.fastmr.com/prod/204734_hong_kong_oil_gas_repor...
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Global GDP growth in 2011 is forecast at 3.6%, down from 4.3% in 2010. Growth in both the US and eurozone should be marginally higher than 2010, while Chinese economic expansion will slow and Japan's growth will slump to 0.7% as a result of the devastating earthquake and tsunami in March 2011.

Hong Kong's real GDP is assumed by BMI to have risen by 6.8% in 2010, with average annual growth of 4.3% forecast for 2010-2015. There is no upstream or refining segment, but international oil companies (IOCs) and Chinese companies are investing in import and distribution facilities. Oil consumption is forecast to increase by 2-3% per annum to 2015, implying demand of 451,000b/d by the end of the forecast period. Gas demand is set to reach 4.2bcm by 2015, with all of the fuel imported.

Between 2010 and 2020, we are forecasting an increase in Hong Kong oil consumption of 43.73%, with demand reaching 539,000b/d by the end of the forecast period. Oil consumption growth slows to an assumed 2.0% per annum towards the end of the period. Gas demand growth of 42.49% provides an import requirement rising to 5.0bcm by 2020. Details of BMI's 10-year forecasts, which provide regional and country-specific projections, can be found at the end of this report.

Hong Kong shares 13th place with South Korea in BMI's composite Business Environment (BE) league table and is ranked equal 12th in the updated upstream Business Environment ratings, alongside Singapore. The poor showing reflects the absence of domestic hydrocarbons. The risk environment is much more attractive than for many Asian peers, but there are no opportunities for IOCs in the upstream segment. Hong Kong is ranked 12th, behind the Philippines, in BMI's downstream Business Environment ratings, above only Malaysia, Taiwan and Papua New Guinea (PNG), reflecting its status as a very small energy market with few investment opportunities available. It beats its nearest rivals because of its low risk profile.

Partial Table of Contents:

SWOT Analysis
- Hong Kong Political SWOT
- Hong Kong Economic SWOT
- Hong-Kong Business Environment SWOT
Hong Kong Energy Market Overview
Regional Energy Market Overview
- Oil Supply And Demand
- Table: Asia Pacific Oil Consumption (000b/d)
- Table: Asia Pacific Oil Production (000b/d)
- Oil: Downstream
- Table: Asia Pacific Oil Refining Capacity (000b/d)
- Gas Supply And Demand
- Table: Asia Pacific Gas Consumption (bcm)
- Table: Asia Pacific Gas Production (bcm)
- Liquefied Natural Gas
- Table: Asia Pacific LNG Exports/(Imports) (bcm)
Business Environment Ratings
- Asia Pacific Region
- Composite Scores
- Table: Regional Composite Business Environment Rating
- Upstream Scores
- Table: Regional Upstream Business Environment Rating
- Hong Kong Upstream Rating - Overview
- Hong Kong Upstream Rating - Rewards
- Hong Kong Upstream Rating - Risks
- Downstream Scores
- Table: Regional Downstream Business Environment Rating
- Hong Kong Downstream Rating - Overview
- Hong Kong Downstream Rating - Rewards
- Hong Kong Downstream Rating - Risks
Business Environment
- Legal Framework
- Infrastructure
- Labour Force
- Foreign Investment Policy
- Tax Regime
- Security Risk
Industry Forecast Scenario
- Oil And Gas Reserves
- Oil Supply And Demand
- Gas Supply And Demand
- LNG
- Refining And Oil Products Trade
- Revenues/Import Costs
- Table: Hong Kong Oil And Gas - Historical Data And Forecasts
- Other Energy
- Table: Hong Kong Other Energy - Historical Data And Forecasts
- Key Risks To BMI's Forecast Scenario
- Long-Term Energy Outlook
Oil And Gas Infrastructure
- Service Stations
- Oil Storage And Terminals
- Gas Pipelines
Macroeconomic Outlook
- Table: Hong Kong - Economic Activity, 2006-2015
Competitive Landscape
- Executive Summary
- Table: Key Players - Hong Kong Oil And Gas Sector
- Overview/State Role
- Licensing And Regulation
- International Energy Relations
- Table: Key Downstream Players
Company Monitor
- Shell - Summary
- Chevron - Summary
- ExxonMobil - Summary
- Sinopec/China Resources - Summary
- CLP - Summary
-

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=2047...

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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