"Singapore Oil & Gas Report Q3 2011" is now available at Fast Market Research

New Energy research report from Business Monitor International is now available from Fast Market Research
 
July 4, 2011 - PRLog -- The latest Singapore Oil & Gas Report from BMI forecasts that the country will account for 3.71% of Asia Pacific regional oil demand by 2015, while not contributing 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. Singapore's estimated share of gas consumption in 2010 was 1.95%, and its share is expected to rise to 2.10% by 2015. There is no gas production in Singapore.

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Global GDP growth in 2011 is forecast at 3.5%, 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.

Singapore's real GDP growth in 2010 stood at 14.5%, with the forecast average annual increase put at 6.2% in 2010-2015. There is no domestic oil or gas production but there is an active downstream segment, with extensive international oil company (IOC) involvement in refining and petrochemicals. Oil consumption beyond 2009 is forecast to increase by around 3% per annum to 2015, implying demand of 1.09mn b/d by the end of the forecast period. Gas demand and imports are forecast to increase from an estimated 10.0bcm in 2010 to 13.7bcm by 2015.

Between 2010 and 2020, we are forecasting an increase in Singapore's domestic oil consumption from 946,000b/d to 1.27mn b/d, with the island's refining capacity rising from 1.39mn b/d to 1.55mn b/d. Gas demand is expected to rise from around 10.0bcm in 2010 to a possible 19.7bcm by 2020, driven by power generation requirements. Liquefied natural gas (LNG) imports are expected to commence in 2013. Details of BMI's 10-year forecasts, which provide regional and country-specific projections, can be found later in this report.

Singapore holds 11th place, above Thailand, in BMI's composite Business Environment (BE) league table. The country ranks equal 12th (alongside Hong Kong) in BMI's updated upstream Business Environment ratings, thanks to a virtual absence of hydrocarbon resources. The score reflects the limited involvement of the government in upstream oil activities and an exceptionally healthy country risk profile, which partly offset the lack of reserves and output growth potential. The country sits ahead of South Korea and well clear of bottom-placed Taiwan in the upstream league table. Singapore ranks fourth, behind Japan, in BMI's downstream Business Environment ratings, reflecting its relatively high level of oil consumption, increasing gas demand, established modern refining capability, fuels export capability and a relatively low level of retail site intensity. It is just one point behind Japan, but two clear of South Korea, and seems likely to retain its current position.

Partial Table of Contents:

SWOT Analysis
- Singapore Political SWOT
- Singapore Economic SWOT
- Singapore Business Environment SWOT
Singapore 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
- Singapore Upstream Rating - Overview
- Singapore Upstream Rating - Rewards
- Singapore Upstream Rating - Risks
- Downstream Scores
- Table: Regional Downstream Business Environment Rating
- Singapore Downstream Rating - Overview
- Singapore Downstream Rating - Rewards
- Singapore 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: Singapore Oil And Gas - Historical Data And Forecasts
- Other Energy
- Table: Singapore Other Energy - Historical Data And Forecasts
- Key Risks To Forecast Scenario
- Long-Term Energy Outlook
Oil And Gas Infrastructure
- Oil Refineries
- Table: Refineries In Singapore
- Service Stations
- Oil Storage Facilities
- Oil Terminals/Ports
- LNG Terminals
- Gas Pipelines
Macroeconomic Outlook
- Table: Singapore - Economic Activity, 2006-2015
Competitive Landscape
- Executive Summary
- Table: Key Players - Singapore Oil And Gas Sector
- Overview/State Role
- Government Policy
- International Energy Relations
- Table: Key Downstream Players
Company Monitor
- Singapore Petroleum Company
- Chevron
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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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