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Follow on Google News | New Market Report Now Available: Papua New Guinea Oil & Gas Report Q3 2011Fast Market Research recommends "Papua New Guinea Oil & Gas Report Q3 2011" from Business Monitor International, now available
------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ 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. Papua New Guinea's share of gas consumption in 2010 was an estimated 0.03%, while its share of production is put at 0.04%. By 2015, its share of gas consumption is forecast to be 0.03%, however the country will then account for nearly 6.5% of supply. 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 last year, 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. PNG's real GDP growth in 2010 is assumed by BMI to have risen by 8.0%, with an average annual increase of 6.8% forecast for 2010-2015. There is indirect state involvement in the upstream oil and gas industry, as the government is a minority owner of leading producer Oil Search, which is responsible for the country's current oil and gas supply, as well as being a partner in a planned gas export scheme that is due to enter production by 2013/14. We are assuming that oil and gas liquids production will shortly rebound, but then fall to around 31,800b/d by 2015. Consumption is forecast to increase by around 5% per annum, implying demand of at least 40,600b/d by 2015. The import requirement will therefore be around 8,800b/d by the end of the forecast period. Between 2010 and 2020, we are forecasting a decrease in PNG oil production of 15.1%, with crude volumes falling to 25,800b/d by the end of the period. Oil consumption between 2010 and 2020 is set to increase by 62.9%, with growth averaging around 5% per annum during the forecast period and the country using some 51,800b/d by 2020. Gas production is expected to rise rapidly, from an estimated 0.2bcm in 2010 to a possible 38.0bcm by 2019/20. Even with demand growth of 135.3%, this provides export potential rising to 37.6bcm, all in the form of liquefied natural gas (LNG). Details of BMI's longterm oil and gas outlook can be found at the rear of this report, including regional and country-specific forecasts to 2020. PNG now holds fifth place, ahead of the Philippines and Malaysia, in BMI's composite Business Environment (BE) league table. The country is now ranked fourth, ahead of Malaysia, in BMI's updated upstream Business Environment ratings, benefiting from its strong gas production/export potential, an attractive licensing environment and a lack of state involvement. PNG is considerably further down the league table in BMI's downstream Business Environment ratings, reflecting its limited size as an energy market with its more restricted growth potential. It holds 14th place, above only Taiwan, but may be able to challenge Malaysia above and make a near-term move up the rankings. Partial Table of Contents: Executive Summary PNG 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) Business Environment Ratings - Asia Pacific Region - Composite Scores - Table: Regional Composite Business Environment Rating - Upstream Scores - Table: Regional Upstream Business Environment Rating - PNG Upstream Rating - Overview - PNG Upstream Rating - Rewards - PNG Upstream Rating - Risks - Downstream Scores - Table: Regional Downstream Business Environment Rating - PNG Downstream Rating - Overview - PNG Downstream Rating - Rewards - PNG Downstream Rating - Risks 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: PNG Oil And Gas - Historical Data And Forecasts - Other Energy - Key Risks To BMI's Forecast Scenario - Long-Term Energy Outlook Oil And Gas Infrastructure - Oil Refineries - Service Stations - Oil Storage - LNG Terminals - Gas Pipelines Competitive Landscape - Executive Summary - Table: Key Players - PNG Oil And Gas Sector - Table: Upstream Players - Table: Downstream Player - Overview/State Role - Licensing And Regulation - Government Policy - International Energy Relations Company Monitor - Oil Search - InterOil - Esso Highlands - Summary - Santos - Summary - Talisman Energy - Summary - Horizon Oil - Summary - Papua Petroleum - Summary - Blue Energy - Summary - Eaglewood Energy - Summary - Others - Summary Oil And Gas Outlook: Long-Term Forecasts - Regional Oil Demand - Table: Asia Pacific Oil Consumption (000b/d) - Regional Oil Supply - Table: Asia Pacific Oil Production (000b/d) - Regional Refining Capacity - Full Table of Contents is available at: -- http://www.fastmr.com/ 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/ 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. # # # 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. End
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