Dallas, TX -- (SBWIRE) -- 12/03/2010 -- SandlerResearch announce it will carry Singapore Oil and Gas Report Q1 2011 Market Research Report in its Store.
The latest Singapore Oil & Gas Report from BMI forecasts that the country will account for 3.87% of Asia Pacific regional oil demand by 2015, while not contributing to supply. Regional oil use of 21.42mn barrels a day (b/d) in 2001 will reach an estimated 27.11mn b/d in 2010, then rises to around 30.64mn b/d by 2015. Regional oil production was around 8.35mn b/d in 2001, and will average an estimated 8.91mn b/d in 2010. It is set to decrease slightly to 8.89mn b/d by 2015. Oil imports are growing rapidly, because demand growth is outstripping the pace of supply expansion. In 2001, the region was importing an average of 13.07mn b/d. This total will rise to an estimated 18.20mn b/d in 2010, and is forecast to reach 21.75mn b/d by 2015. The principal importers will be China, Japan, India and South Korea. By 2015 the only net exporter will be Malaysia.
In terms of natural gas, in 2010 the region is expected to have consumed 489bn cubic metres (bcm) and demand of 633bcm is targeted for 2015. Production of an estimated 412bcm in 2010 should reach 548bcm in 2015, implying net imports rising from around 77bcm to 84bcm. This is thanks to many Asian gas producers being major exporters. Singapore’s estimated share of gas consumption in 2010 is 2.05%, and market share is expected to rise to 2.16% by 2015. There is no gas production in Singapore.
For 2011, there is considerable oil demand and oil price uncertainty, but still a very strong possibility that oil will trend higher. Economic growth may have been subdued late in 2010 and into early 2011, but should still support meaningful oil demand increases. Non-OPEC supply is likely to emerge only slightly higher so, with continued OPEC discipline, the foundations have been laid for an oil price rise – albeit falling well short of the improvement seen this year. It seems likely that the 2010 average OPEC basket price will have emerged around the US$77.00 per barrel (bbl) level, representing a year-on-year (y-o-y) gain of approximately 27%. Progress towards at least US$80 is seen as achievable in 2011.
Singapore’s real GDP growth in 2010 is assumed by BMI to be 12.9%, with the forecast average annual increase put at 5.7% in 2010-2015. There is no domestic oil or gas production but there is an active downstream segment, with extensive international oil company (IOC) involvement in refining and petrochemicals. Oil consumption beyond 2009 is forecast to increase by around 3% per annum to 2015, implying demand of 1.19mn b/d by the end of the forecast period. Gas demand and imports are forecast to increase from an estimated 10.0bcm in 2010 to 13.7bcm by 2015.
Browse complete Report on: Singapore Oil and Gas Report Q1 2011
http://www.sandlerresearch.org/reports/41395-singapore-oil-and-gas-report-q1-2011.html
Table Of Contents
Executive Summary 7
SWOT Analysis 9
Singapore Political SWOT 9
Singapore Economic SWOT 10
Singapore Business Environment SWOT 11
Singapore Energy Market Overview 12
Global Oil Market Review 15
Regaining Momentum 15
Quarterly Trends 16
Global Oil Market Outlook 17
Sitting Comfortably 17
Oil Price Forecasts 18
Oil Supply, Demand And Price Outlook 19
Short-Term Demand Outlook 19
Table: Global Oil Consumption (000b/d) 20
Short-Term Supply Outlook 20
Table: Global Oil Production (000b/d) 21
Longer-Term Supply And Demand 21
Oil Price Assumptions 24
Table: Crude Price Assumptions 2010 24
Table: Oil Price Forecasts 24
Regional Energy Market Overview 25
Oil Supply And Demand 25
Table: Asia Pacific Oil Consumption (000b/d) 26
Table: Asia Pacific Oil Production (000b/d) 27
Oil: Downstream 28
Table: Asia Pacific Oil Refining Capacity (000b/d) 28
Gas Supply And Demand 29
Table: Asia Pacific Gas Consumption (bcm) 29
Table: Asia Pacific Gas Production (bcm) 30
Liquefied Natural Gas 31
Table: Asia Pacific LNG Exports/(Imports) (bcm) 31
Business Environment Ratings 32
Asia Pacific Region 32
Composite Scores 33
Table: Regional Composite Business Environment Rating 33
Upstream Scores 34
Table: Regional Upstream Business Environment Rating 34
Singapore Upstream Rating – Overview 35
Singapore Upstream Rating – Rewards 35
Singapore Upstream Rating – Risks 35
Downstream Scores 36
Table: Regional Downstream Business Environment Rating 36
Singapore Downstream Rating – Overview 37
Singapore Downstream Rating – Rewards 37
Singapore Downstream Rating – Risks 37
Business Environment 38
Legal Framework 38
Infrastructure 40
Labour Force 41
Foreign Investment Policy 42
Tax Regime 43
Security Risk 44
Industry Forecast Scenario 45
Oil And Gas Reserves 45
Oil Supply And Demand 45
Gas Supply And Demand 45
LNG 46
Refining And Oil Products Trade 47
Revenues/Import Costs 47
Table: Singapore Oil And Gas – Historical Data And Forecasts 48
Other Energy 49
Table: Singapore Other Energy – Historical Data And Forecasts 50
Key Risks To Forecast Scenario 50
Long-Term Energy Outlook 50
Oil And Gas Infrastructure 51
Oil Refineries 51
Service Stations 51
Oil Storage Facilities 51
Oil Terminals/Ports 52
LNG Terminals 52
Gas Pipelines 52
Macroeconomic Outlook 54
Table: Singapore – Economic Activity 58
Competitive Landscape 59
Executive Summary 59
Table: Key Players – Singapore Oil And Gas Sector 60
Overview/State Role 60
Government Policy 60
International Energy Relations 61
Table: Key Downstream Players 61
Company Monitor 62
Singapore Petroleum Company 62
Chevron 64
ExxonMobil Singapore 66
Royal Dutch Shell 68
BG Group – Summary 70
Oil And Gas Outlook: Long-Term Forecasts 71
Regional Oil Demand 71
Table: Asia Pacific Oil Consumption (000b/d) 71
Regional Oil Supply 72
Table: Asia Pacific Oil Production (000b/d) 72
Regional Refining Capacity 73
Table: Asia Pacific Oil Refining Capacity (000b/d) 73
Regional Gas Demand 74
Table: Asia Pacific Gas Consumption (bcm) 74
Regional Gas Supply 75
Table: Asia Pacific Gas Production (bcm) 75
Singapore Country Overview 75
Methodology And Risks To Forecasts 76
Glossary Of Terms 77
Oil And Gas Business Environment Ratings 78
Risk/Reward Ratings Methodology 78
Ratings Overview 78
Table: BMI Oil And Gas Business Environment Ratings: Structure 79
Indicators 79
Table: BMI Oil And Gas Business Environment Upstream Ratings: Methodology 80
Table: BMI Oil And Gas Business Environment Downstream Ratings: Methodology 81
BMI Methodology 83
How We Generate Our Industry Forecasts 83
Oil And Gas Industry 83
Cross Checks 84
Sources 84
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Related Reports:
Hong Kong Oil & Gas Report Q1 2011
http://www.sandlerresearch.org/reports/38818-hong-kong-oil-gas-report-q1-2011.html
South Korea Oil and Gas Report Q1 2011
http://www.sandlerresearch.org/reports/38824-south-korea-oil-and-gas-report-q1-2011.html
Indonesia Oil and Gas Report Q1 2011
http://www.sandlerresearch.org/reports/40037-indonesia-oil-and-gas-report-q1-2011.html
Malaysia Oil and Gas Report Q1 2011
http://www.sandlerresearch.org/reports/40041-malaysia-oil-and-gas-report-q1-2011.html
Australia Oil and Gas Report Q1 2011
http://www.sandlerresearch.org/reports/41390-australia-oil-and-gas-report-q1-2011.html
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