Russia Oil and Gas Report Q2 2014 - WLTZ 38 | Columbus Georgia Regional News & Community

Russia Oil and Gas Report Q2 2014

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LONDON, May 12, 2014 /PRNewswire/ -- has added a new market research report:

Russia Oil and Gas Report Q2 2014

Includes 3 FREE quarterly updates

BMI View:

Russia is pumping post-Soviet record levels of oil and is likely to continue to see a short-term
increase in both oil and gas production, but a high level of investment will be required to maintain this. It also faces pressure to diversify its gas markets, in view of an increasingly challenging core market in Europe and growing competition from other global gas suppliers. Tax breaks given to encourage offshore and tight oil developments could help support Russian oil and gas output in the longer term, though we warn that the consolidation of Rosneft's position in the country's upstream segment limits gains from regulatory changes to privileged firms with political connections in the country. It also threatens to squeeze out Russia's independent refiners owing to Rosneft's control of crude oil supplies to the market.

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

- Russian oil production reached a post-soviet high of about 10.5mn barrels per day (b/d) in 2013, according to official figures from Russia. Recent changes to its tax regime - including tax breaks for tight oil and offshore production - promises to encourage investment and to support output. As such we have cautiously revised our oil production forecast upwards and expect it to stagnate at about 10.4-10.5mn b/d through to the end of our forecast period in 2023. Faster-than-expected development of its tight oil
deposits particularly from the Bazhenov shale poses an upside risk to our outlook.
BMI Industry View 7
Industry Forecast 11
Oil And Gas Reserves 11
Table: Russia Proven Oil & Gas Reserves And Total Petroleum Data, 2012-2017 11
Table: Russia Proven Oil & Gas Reserves And Total Petroleum Data, 2018-2023 12
Table: Comparison Of Deals Netted With Rosneft 19
Oil Supply And Demand 23
Table: Russia Oil Production And Net Exports, 2012-2017 23
Table: Russia Oil Production And Net Exports, 2018-2023 24
Refining And Oil Products Trade 31
Table: Russia Refining - Historical Data & Forecasts, 2012-2017 31
Table: Russia Refining - Long-Term Forecasts, 2018-2023 31
Gas Supply And Demand 37
Table: Russia Gas Production, Consumption And Net Exports, 2012-2017 37
Table: Russia Gas Production, Consumption And Net Exports, 2018-2023 38
LNG 45
Revenues/Import Costs 50
Key Risks To BMI's Forecast Scenario 50
Industry Risk Reward Ratings 51
Central And Eastern Europe - Risk/Reward Ratings 51
Table: Central And Eastern Europe Risk/Reward Ratings 52
East Caspian Retains Upstream Ratings Lead 52
Russia: Large Resource Base But Limited Opportunities 54
Regional Minnows Breaking In 56
Table: CEE Upstream Risk/Reward Rating 57
Little Change In Downstream Rankings 57
Table: CEE Downstream Risk/Reward Ratings 60
Russia Risk/Reward Ratings 61
Russia Upstream Rating - Overview 61
Russia Upstream Rating - Rewards 61
Russia Upstream Rating - Risks 61
Russia Downstream Rating - Overview 62
Market Overview 63
Russia Energy Market Overview 63
Overview/ State Role 67
Licensing And Regulation 68
Government Policy 72
Table: Changes In MET Rates (RUB Per Mcm) 74
Table: MET Rates For Crude Oil, 2014-2016 76
International Energy Relations 77
Oil Transit 95
Oil & Gas Infrastructure 98
Oil Refineries 98
Table: Downstream Projects - Russia 98
Oil Terminals/Ports 104
Oil Pipelines 106
Gas Processing Plants 110
LNG Liquefaction Terminals 110
LNG Import Terminal 114
Gas Pipelines 115
Others 121
Competitive Landscape 122
Competitive Landscape Summary 122
Table: Key Domestic And Foreign Companies In The Russian Oil & Gas Sector 123
Table: Key Upstream Players 124
Table: Key Downstream Players 124
Company Profile 125
Gazprom 125
Gazprom Neft 133
Rosneft 140
Lukoil 150
Tatneft 156
Total 159
Imperial Energy/ONGC 163
Novatek 167
Russneft 171
Other Summaries 174
Regional Overview 183
Central And Eastern Europe Overview 183
A Mutually Dependent Relationship 185
Weaning Off Russian Oil And Gas Proving Difficult 186
Azerbaijan Main Beneficiary Of Eastern Europe's Russian Fatigue 187
Moving From Pipeline To LNG 189
South Stream Looking Weak 190
Black (Sea) Gold Could Provide Relief 190
Shale Gas Showdown 191
Global Industry Overview 194
Appendix 201
Central And Eastern Europe - Regional Appendix 201
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d) 201
Table: Oil Consumption - Long-Term Forecasts, 2015-2022 ('000b/d) 202
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d) 202
Table: Oil Production - Long-Term Forecasts, 2015-2022 ('000b/d) 203
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d) 204
Table: Refining Capacity - Long-Term Forecasts, 2015-2022 ('000b/d) 204
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm) 205
Table: Gas Consumption - Long-Term Forecasts, 2015-2022 (bcm) 206
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm) 207
Table: Gas Production - Long-Term Forecasts, 2015-2022 (bcm) 207
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm) 208
Table: Net LNG Exports - Long-Term Forecasts, 2015-2022 (bcm) 209
Glossary 210
Table: Glossary Of Terms 210
Methodology 212
Industry Forecast Methodology 212
Source 214
Risk/Reward Ratings Methodology 214
Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings 216
Table: Weighting 218

Read the full report:
Russia Oil and Gas Report Q2 2014

For more information:
Sarah Smith
Research Advisor at
Tel: +44 208 816 85 48

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