1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Energy Market Trends
  5. > China Oil and Gas Report Q4 2016

China Oil and Gas Report Q4 2016

  • August 2016
  • -
  • Business Monitor International
  • -
  • 115 pages

Includes 3 FREE quarterly updates

BMI View: China's upstream investment focus is shifting to natural gas, as the government's goal to reducegreenhouse gas emissions and preference for a cleaner energy mix reduce the appeal of investing in oilplays, which are becoming increasingly more costly to develop as onshore reserves mature. Despite slowingdemand, China will remain a large consumer of both crude oil and refined fuels, driven by stockpiling andexpansion of its already sizeable vehicle fleet.

Latest Updates And Key Forecasts

- China's crude oil production is set fall by 6.0% between 2016 and 2020, as low oil prices, natural declinesat mature onshore fields and shifting policy focus in favour of natural gas drag on overall output.

- In contrast, the outlook is more positive for gas, as we expect output to grow by more than 18.0% overthe next five years, as SOEs step up gas developments to abide by national directives. Longer-termgrowth hinges on the realisation of China's significant unconventionals potential.

- China is set to add about 1.6mn b/d of new refining capacity over the next five years, though heavyunderutilisation of existing capacity indicates substantial scope for downsizing.

- An apparent oversupply of refined fuels such as gasoline and diesel will hinder near-term crude imports,though stockpiling requirements and falling production will see off-take rebound in the medium-to-longterm. The granting of additional import licenses to the independent teapot refineries will also provide akey support to demand.

- Gradual liberalisation of the LNG trade market will allow smaller, independent players to participate inLNG imports, posing upside risk to our already buoyant gas imports outlook for China. However, theexpected ramp-up in import volumes from Turkmenistan and Russia will see pipeline gas maintain itsdominance over LNG.

Table Of Contents

China Oil and Gas Report Q4 2016
BMI Industry View 7
Table: Headline Forecasts (China 2014-2020) 7
Latest Updates And Key Forecasts 7
SWOT 8
Oil and Gas SWOT 8
Industry Forecast 10
China - 13th Five Year Plan: NPC Sets Stage For Deeper Energy Sector Reforms 10
Upstream Exploration 13
Latest Updates 13
Structural Trends 13
Table: Key Offshore JVs 14
Table: Recoverable Shale Gas Estimates In China 16
Table: Major IOC Involvement In China's Shale Gas Exploration 17
Table: Proven Oil and Gas Reserves (China 2014-2019) 20
Table: Proven Oil and Gas Reserves (China 2020-2025) 20
Upstream Projects 21
Table: China - Key Upstream Projects 21
Upstream Production - Oil 33
Latest Updates 33
Structural Trends 33
Risks To Outlook 35
Table: Oil Production (China 2014-2019) 36
Table: Oil Production (China 2020-2025) 36
Upstream Production - Gas 37
Latest Updates 37
Structural Trends 37
Growth Sources 39
Risks To Outlook 40
Table: Gas Production (China 2014-2019) 40
Table: Gas Production (China 2020-2025) 41
Refining 42
Latest Updates 42
Structural Trends 42
Table: Refining Capacity and Refined Products Production (China 2014-2019) 45
Table: Refining Capacity and Refined Products Production (China 2020-2025) 45
Refined Fuels Consumption 45
Latest Updates 45
Structural Trends 46
Table: Refined Products Consumption (2014-2019) 48
Table: Refined Products Consumption* (China 2020-2025) 48
Gas Consumption 49
Latest Updates 49
Structural Trends 49
Table: Gas Consumption (China 2014-2019) 51
Table: Gas Consumption (China 2020-2025) 51
Trade - Oil 52
Crude Oil Trade Forecasts 52
Latest Updates 52
Structural Trends 52
Crude Oil Trade Partners 54
Table: Crude Oil Net Exports (China 2014-2019) 55
Table: Crude Oil Net Exports (China 2020-2025) 55
Fuels Trade Forecasts 55
Latest Updates 55
Structural Trends 55
Fuels Trade Partners 57
Table: Refined Fuels Net Exports (China 2014-2019) 57
Table: Refined Fuels Net Exports (China 2020-2025) 57
Trade - Gas (Pipeline And LNG) 58
Latest Updates 58
Structural Trends 58
Table: Gas Net Exports (China 2014-2019) 60
Table: Gas Net Exports (China 2020-2025) 61
Industry Risk Reward Index 62
Asia - Risk/Reward Index 62
Table: Asia's Oil and Gas Risk/Reward Index 62
Table: Asia: Upstream Risk/Reward Index 65
Table: Asia: Downstream Risk/Reward Index 67
China - Risk/Reward Index 69
Upstream Index - Overview 69
Upstream Index - Rewards 69
Upstream Index - Risks 69
Downstream Index - Overview 70
Market Overview 71
China Energy Market Overview 71
Regulatory Structure 71
Fiscal Regime 72
Table: Key Fiscal Indicators 72
Table: Offshore Production Royalty Structure 74
Table: China: Tiered Gas Pricing For Residential Users 75
Table: Shanghai: Tiered Gas Pricing System For Residential Users 75
Licensing Regime 76
Table: 2014 Offshore Blocks Open To Foreign Participation 76
Table: Winners Of Second Shale Gas Licensing Round 77
Oil And Gas Infrastructure 80
Oil Refineries 80
Table: Oil Refineries In China 80
Table: Commercial Crude Oil Storage Terminals In China 83
Crude Oil Pipelines 84
Table: Major Oil Pipelines In China 84
LNG Terminals 85
Table: LNG Terminals In China 85
Gas Storage Terminals 87
Gas Pipelines 87
Table: Major Gas Pipelines in China 87
Coal-To-Gas Plants 88
Table: Planned CTG Plants 88
Coal-To-Gas Pipelines 89
Table: Planned CTG Pipelines 89
Competitive Landscape 90
Company Profile 92
CNOOC 92
Latest Updates 92
Table: Major Producing Areas 94
Table: Key Financial Data (USDbn) 94
Operational Data 94
CNPC 95
Latest Updates 95
Table: Major Upstream Assets 96
Table: Key Financial Data (USDbn) 97
Operational Data 97
Sinopec 98
Latest Updates 98
Table: Major Upstream Assets 99
Table: Key Financial Data (USDbn) 100
Regional Overview 101
Asia - Positive Gas Output Growth In Conflict With Bearish Oil Outlook 101
Glossary 108
Table: Glossary Of Terms 108
Methodology 110
Industry Forecast Methodology 110
Source 112
Risk/Reward Index Methodology 112
Table: Bmi's Oil and Gas Upstream Risk/Reward Index 114
Table: Weighting 115

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Global Oil and Gas Pipelines Industry Outlook to 2020 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Pipelines

Global Oil and Gas Pipelines Industry Outlook to 2020 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Pipelines

  • $ 8 000
  • Industry report
  • June 2016
  • by Global Data

Global Oil and Gas Pipelines Industry Outlook to 2020 - Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Pipelines Summary "Global Oil and Gas Pipelines Industry Outlook ...

LNG Yearbook 2016: The Ultimate Guide to Liquefied Natural Gas Infrastructure 2016-2026

LNG Yearbook 2016: The Ultimate Guide to Liquefied Natural Gas Infrastructure 2016-2026

  • $ 6 599
  • Industry report
  • May 2016
  • by Visiongain

Report Details The definitive LNG Yearbook 2016 is the ultimate reference source for the liquefied natural gas industry. The yearbook indicates that the global LNG infrastructure market including large ...

Abrasion Resistant Coatings Market by Type, Application & by Region - Global Trends & Forecasts to 2021

Abrasion Resistant Coatings Market by Type, Application & by Region - Global Trends & Forecasts to 2021

  • $ 5 650
  • Industry report
  • July 2016
  • by MarketsandMarkets

“Abrasion resistant coatings market to register a CAGR of 6.3% between 2016 and 2021” The abrasion resistant coatings market size is estimated to reach USD 8.46 billion by 2021, at a CAGR of 6.3% between ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.