Recently Released Market Study: Hong Kong Oil & Gas Report Q2 2013

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

by Bill Thompson

(WireNews+Co) - Boston, MA - 06 March 2013

BMI View: With no domestic energy resources, Hong Kong faces the challenge of meeting growing oil and gas demand through imports alone. Having mainland China at its doorstep helps, as the outlook for Hong Kong is linked directly to that of its parent state.

The main trends and developments we highlight for Hong Kong's oil and gas sector are:

- Natural gas is still viewed simply as a power generation fuel, but more will be consumed as gas-fired capacity expands. Our forecasts are for gas consumption to rise from an estimated 3.9bcm in 2012 to 4.5bcm in 2017 and to 5.4bcm by 2022.
- The Shenzhen-Hong Kong gas pipeline was commissioned in December 2012 and is now fully operational. The completion of the Hong Kong spur will help to diversify the city's gas import sources and as well as to improve access to gas.
- The rate of oil products demand growth and imports should match underlying GDP trends closely, although a drive towards energy conservation may lead to a moderation in market expansion. This suggests that oil demand will rise from an estimated 420,000b/d in 2013 to a forecasted 484,000b/d by 2017 and to a possible 577,000b/d by 2022. All of this oil will be imported.
- The cost of crude oil imports is put at US$15.2bn in 2013, rising to US$16.5bn in 2017 and to US$19.3bn by 2022. However, Hong Kong actually imports refined petroleum products, meaning that the import bill is far higher than for crude. Natural gas imports in 2013 will cost an estimated US$2.06bn, and will total US$2.46bn by 2022. The total cost of crude oil and gas imports by the end of the forecast period in 2022 will be US$36.1bn. We assume an OPEC basket oil price of US$99.10/bbl in 2013.

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Partial Table of Contents:

BMI Industry View

SWOT

Industry Forecast

- Oil And Gas Reserves - Table: Hong Kong Proven Oil & Gas Reserves And Total Petroleum Data- Historical Data And Forecasts, 2011-2016 - Table: Hong Kong Proven Oil & Gas Reserves And Total Petroleum Data - Long-Term Forecasts, 2017-2022 - Oil Supply And Demand - Table: Hong Kong Oil Production, Consumption And Net Exports - Historical Data And Forecasts, 2011-2016 - Table: Hong Kong Oil Production, Consumption And Net Exports - Long-Term Forecasts, 2017-2022 - Gas Supply And Demand - Table: Hong Kong Gas Production, Consumption And Net Exports - Historical Data & Forecasts, 2011-2016 - Table: Hong Kong Gas Production, Consumption and Net Exports, 2017-2022 - LNG - Refining And Oil Products Trade - Table: Hong Kong Refining Production And Consumption - Historical Data & Forecasts, 2011-2016 - Table: Hong Kong Refining Production And Consumption - Long-Term Forecasts, 2017-2022- Revenues/Import Costs

Key Risks To BMI's Forecast Scenario

- Industry Risk Reward Ratings - Hong Kong Industry Risk Reward Ratings - Hong Kong Upstream Rating - Overview - Hong Kong Upstream Rating - Rewards - Hong Kong Upstream Rating - Risks - Hong Kong Downstream Rating - Overview - Regional Risk Reward Ratings - Table: Table: Asia's Oil & Gas Risk/Rewards Ratings - Upstream Hindrance - Crude Requirement - Gasifying Asia - Table: Table: Asia O&G Upstream Risk/Reward Ratings- Table: Table: Asia O&G Downstream Risk/Reward Ratings

Market Overview

- Hong Kong Energy Market Overview - Oil And Gas Infrastructure - Service Stations - Oil Storage And Terminals- Gas Pipelines

Competitive Landscape

- Table: Key Players - Hong Kong Oil & Gas Sector- Table: Key Downstream Players

Company Profile

View Full Table of Contents



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