DALLAS, June 7, 2013 /PRNewswire-iReach/ -- RnRMarketResearch.com now offers Q3 2013 Oil and Gas market research reports for multiple countries including but not limited to Vietnam, Uzbekistan, Sudan & South Sudan, Spain, Slovakia, Singapore, Romania and Kazakhstan in its store. These reports by BMI on the oil and gas industries across countries offer short-term views, facts and outlook for the concerned region based on actual data and analysis.
Here are the newly released country focused Q3 2013 oil and gas industry reports available with RnRMarketResearch.com:
Oil output will rise in the short-term as new fields are brought online or are ramped up to peak production levels to offset declining volumes from the flagship Bach Ho field. We expect oil output to peak in 2016 but fall thereafter, as further growth could be hindered by exploration limits imposed by Vietnam's maritime dispute with China in the South China Sea. New developments are set to boost long-term gas production, while its downstream is finally picking up after years of delay in pushing forth new and much needed projects to meet the country's growing fuel demand.
Conventional gas deposits would support Uzbekistan's hydrocarbons industry, though we project a continued decline in oil production. Consumption growth in both oil and gas will be curtailed by the diversion of gas to external markets to meet its export obligations, a failure to meet its domestic refined products demand and restrictions on fuel imports.
After a long delay following the agreement of a formal deal in August 2012, South Sudan has finally restarted production. The lag time between the landmark deal and the actual resumption of activities underscores the enduring tensions between Juba and Khartoum. Political risks remain high, and oil flows from South Sudan remain uncertain. The long-term outlook for South Sudan is better than that of Sudan, with more prospective acreage and more interest from international companies; however, even here we see the risks heavily weighted to the downside. Maturing fields in both the north and south pose downside to our current forecast, which projects minimal growth in supply following a return to pre-crisis output levels.
The pace of economic recovery and renewed growth is critical to Spain's energy market, as it will drive the country's demand for oil and natural gas – virtually all of which is imported. Spain is a key conduit for gas pipelines from Algeria and is a major receiver of liquefied natural gas (LNG), an area where further capacity expansion is possible once the economic outlook improves. Shale gas could potentially offer improved self-sufficiency, but is unlikely to revolutionise the energy outlook. Meanwhile, Repsol has started to undergo a strategic shake-up following the Argentine government's privatisation of its YPF unit.
As a net importer of energy, Slovakia faces the challenge of securing long-term gas supplies without becoming too dependent on Russia. Linking its gas network to others in the region is therefore a priority, as it will allow for more flexibility when negotiating gas purchases. Reduced nuclear power usage points to a greater reliance on gas, until sufficient renewables capacity can be established. However, efforts to raise domestic gas prices are being resisted by the government, which may reduce the attractiveness of the Slovak gas sector to foreign investors.
Petrochemicals and refining remain the lifeblood of Singapore, with strong regional demand growth meaning there is potential for capacity expansion – although investment in countries such as China and Vietnam has led to increasingly fierce competition. Growing gas demand means liquefied natural gas imports are needed to augment pipeline volumes from Indonesia and Malaysia.
The exploration efforts of ExxonMobil and OMV Petrom in the Black Sea could signal a turning point in Romania's upstream outlook, helping reduce dramatically the country's gas import dependency from around 2018. International oil company (IOC) interest in Romania is now on the rise and, if exploited by the government, could result in much higher investment levels. Romanian Prime Minister Victor Pontaha said that he supports shale gas exploration in the country, bringing hope to Chevron and other IOCs keen to investigate the country's significant shale gas potential.
Our outlook for Kazakhstan remains broadly optimistic, although we underline growing risks related to resource nationalism and geological complications on major prospects that could deter foreign investors. ConocoPhillips' recent divestment of its Kazakh assets further strengthens our expectation that IOCs could move away from the country's hydrocarbons market. We expect strengthening ties between Kazakhstan and China, based on the increasing diversity of the latter's energy supply.
Explore more reports on the Oil and Gas sector @ http://www.rnrmarketresearch.com/reports/consumer-goods/retailing/petroleum/oil-gas.
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