France Oil and Gas Report Q3 2012

Published : July 2012
No. of Pages : 71

Price:

BMI View: French energy policy is subject to change following Francois Hollande’s election victory and there have already been suggestions that the existing commitment to nuclear power will be diluted in favour of renewables. During his election campaign, Hollande pledged to close 24 of France''s 58 reactors and to reduce reliance on atomic power. This leaves the door open for gas to play a larger role.
Growth prospects are uncertain and the outlook for refiners and fuel distributors remains poor. The main trends and developments in the French oil & gas sector are: 􀂃 LyondellBasell has initiated a programme to mothball its Berre refinery in south-eastern France, reports Reuters, citing a company spokesperson. The refinery has a capacity of 105,000 barrels per day (b/d). Three companies have apparently shown interest in buying the French Petit- Couronne refinery, formerly owned by Petroplus, with the deadline having been extended until the end of May 2012. The plant was put under judicial protection in January 2012.
􀂃 Gas demand is expected to rise more quickly than oil demand, with new sources of supply being lined up by GdF Suez, which has signed import agreements with Egypt in addition to those already signed with Russia, Norway, Algeria and the Netherlands. Gas consumption is forecast to reach 51.8bn cubic metres (bcm) in 2016, climbing further to 56.8bcm by 2021, subject to revisions in French energy policy. Gas production is negligible, meaning that imports could rise significantly to a high of around 56.3bcm by the end of our 10-year forecast period, in 2021.
􀂃 In May 2011, EdF and Total confirmed that they would proceed with the US$2.2bn Nord-Pasde- Calais Liquefied Natural Gas (LNG) project at Dunkirk, which is expected to add between 10bcm and 13bcm of import capacity when it comes onstream. There are also plans to expand capacity at the Montoir-de-Bretagne terminal to 16.5bcm by 2014.
􀂃 Thanks to improved energy efficiency and efforts to reduce oil dependency, oil demand is now expected to remain mostly flat over our 10-year forecast period to 2021. We forecast oil consumption to reach 1.89mn b/d by 2016, edging higher to just over 2.00mn b/d in 2021. Crude oil imports are expected to reach almost 1.95mn b/d in 2021.
􀂃 Crude oil imports will cost an estimated US$70.8bn in 2012, falling to US$66.1bn in 2016. With virtually no domestic gas supply, we expect French gas imports of 51.8bcm in 2016, costing US$25.2bn. Combined crude oil and gas imports are expected to cost France US$91.3bn by 2016. At the time of writing, we forecast an OPEC basket oil price for 2012 of US$111.47 per barrel (bbl), falling to US$107.00/bbl in 2013. The assumptions for 2016 and 2021 are US$99.00 and US$97.00/bbl, respectively.

BMI Industry View . 5
SWOT Analysis . 6
France Oil and Gas SWOT 6
Global Energy Market Outlook . 7
Table: Oil Production Forecasts, 2010-2016 (‘000 b/d) 7
Table: Oil Consumption Forecast, 2010-2016 (‘000 b/d) . 13
Regional Energy Market Outlook 14
France Energy Market Overview . 19
Industry Forecast Scenario 20
Table: France Oil & Gas –Historical Data And Forecasts, 2009-2016 20
Table: France Oil & Gas – Long-Term Forecasts, 2014-2021 . 21
Oil and Gas Reserves . 22
Oil Supply And Demand 23
Gas Supply And Demand . 23
LNG 23
Refining and Oil Products Trade 24
Revenues/Import Costs 25
Key Risks To BMI’s Forecast Scenario . 25
Oil And Gas Infrastructure . 26
Oil Refineries 26
Table: Refineries In France 26
Service Stations 28
Gas Pipelines 28
LNG Terminals 29
Table: LNG Terminals In France . 29
Gas Storage . 30
Regional and Country Risk/Reward Ratings 31
Table: Developed States Oil & Gas Risk/Reward Ratings, Scores out of 100 . 31
Table: Developed States Upstream Risk/Reward Ratings . 35
Table: Developed States Downstream Risk*/Reward Ratings 35
France Upstream Rating – Overview 36
France Upstream Rating – Rewards 36
France Upstream Rating – Risks 36
Regional Downstream Risks/Rewards 36
France Downstream Rating – Overview . 36
Competitive Landscape . 37
Executive Summary 37
Table: Key Players – France Oil And Gas Sector 38
Overview/State Role . 38
Licensing and Regulation 38
Government Policy 39
International Energy Relations 40
Table: Key Upstream Players 41
Table: Key Downstream Players 41
Company Monitor 42
Total 42
GdF Suez 45
Royal Dutch Shell . 48
Vermillion Energy – Summary . 50
Toreador Resources – Summary . 50
EDF – Summary . 51
Tethys Oil – Summary . 51
Lundin Petroleum – Summary 52
Egdon Resources – Summary 52
Delek Group – Summary 52
Conoco/Realm – Summary 52
European Energy – Summary 53
Developed Europe – Regional Appendix 54
Table: Oil Consumption – Historical Data & Forecasts, 2009-2016 (’000b/d) . 54
Table: Oil Consumption – Long-Term Forecasts, 2014-2021 (’000b/d) . 54
Table: Oil Production – Historical Data & Forecasts, 2009-2016 (’000b/d) . 55
Table: Oil Production – Long-Term Forecasts, 2014-2021 (’000b/d) 55
Table: Refinery Capacity – Historical Data & Forecasts, 2009-2016 (’000b/d) 56
Table: Refining Capacity – Long-Term Forecasts, 2014-2021 (’000b/d) 56
Table: Gas Consumption – Historical Data & Forecasts, 2009-2016 (bcm) 57
Table: Gas Consumption – Long-Term Forecasts, 2014-2021 (bcm) 58
Table: Gas Production – Historical Data & Forecasts, 2009-2016 (bcm) 58
Table: Gas Production – Long-Term Forecasts, 2014-2021 (bcm) 59
Table: LNG Gas Imports (Exports) – Historical Data & Forecasts, 2009-2016 (bcm) 59
Table: LNG Gas Imports (Exports) – Long-Term Forecasts, 2009-2016 (bcm). 59
Methodology And Risks To Forecasts 61
Oil And Gas Risk/Reward Ratings Methodology . 62
Ratings Overview 62
Table: BMI’s Oil & Gas Business Environment Ratings – Structure . 63
Indicators 63
Table: BMI’s Oil & Gas Upstream Ratings – Methodology 63
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology . 65
Glossary Of Terms . 67
Table: Glossary Of Terms 67
BMI Methodology 69
How We Generate Our Industry Forecasts 69
Energy Industry 69
Cross checks 70
Sources 70Table: Oil Production Forecasts, 2010-2016 (‘000 b/d) . 7

Table: Oil Consumption Forecast, 2010-2016 (‘000 b/d) . 13

Table: France Oil & Gas –Historical Data And Forecasts, 2009-2016. 20

Table: France Oil & Gas – Long-Term Forecasts, 2014-2021 . 21

Table: Refineries In France . 26

Table: LNG Terminals In France . 29

Table: Developed States Oil & Gas Risk/Reward Ratings, Scores out of 100 . 31

Table: Developed States Upstream Risk/Reward Ratings . 35

Table: Developed States Downstream Risk*/Reward Ratings . 35

Table: Key Players – France Oil And Gas Sector . 38

Table: Key Upstream Players . 41

Table: Key Downstream Players . 41

Table: Oil Consumption – Historical Data & Forecasts, 2009-2016 (''000b/d) . 54

Table: Oil Consumption – Long-Term Forecasts, 2014-2021 (''000b/d) . 54

Table: Oil Production – Historical Data & Forecasts, 2009-2016 (''000b/d) . 55

Table: Oil Production – Long-Term Forecasts, 2014-2021 (''000b/d) . 55

Table: Refinery Capacity – Historical Data & Forecasts, 2009-2016 (''000b/d) . 56

Table: Refining Capacity – Long-Term Forecasts, 2014-2021 (''000b/d) . 56

Table: Gas Consumption – Historical Data & Forecasts, 2009-2016 (bcm) . 57

Table: Gas Consumption – Long-Term Forecasts, 2014-2021 (bcm) . 58

Table: Gas Production – Historical Data & Forecasts, 2009-2016 (bcm) . 58

Table: Gas Production – Long-Term Forecasts, 2014-2021 (bcm). 59

Table: LNG Gas Imports (Exports) – Historical Data & Forecasts, 2009-2016 (bcm) . 59

Table: LNG Gas Imports (Exports) – Long-Term Forecasts, 2009-2016 (bcm). 59

Table: BMI''s Oil & Gas Business Environment Ratings – Structure . 63

Table: BMI''s Oil & Gas Upstream Ratings – Methodology . 63

Table: BMI''s Oil & Gas Business Environment Downstream Ratings – Methodology . 65

Table: Glossary Of Terms . 67

France Oil and Gas Report Q3 2012

Published By: Business Monitor International

Price:

How to Purchase

Purchase products from our site in 5 easy steps. Please follow the description given below to complete your purchase process.

Step 1:

Select the report title of your interest, and Click on Buy Now button next to the Price option.

Step 2:

You will arrive at the Purchase page, where you will be requested to Signup (New User) or Login (Registered User). Please note that in-keeping with the security check on the website, you must submit your full details to avoid any inconvenience arising from incorrectly entered data or counterfeit information.

Step 3:

After SignUp/Login, you will arrive at the Online Invoice Page. Select a Payment option via various methods: Debit Card / Credit Card / by Invoice. MarketReportOnline accepts Visa, MasterCard, American Express and all major credit cards. MarketReportOnline uses ICICI, HDFC, Citibank, American Express & Paypal as our Online Payment Gateway Partners. Clicking on a payment option will take you to the corresponding Payment Gateway page.

Step 4:

Once at the Payment Gateway, please complete the Payment Process to purchase your desired report.

Step 5:

Once you have successfully completed the purchase process, you will receive a confirmation email. You will then either be able to download your report immediately (in PDF Format) from the Account Login button, or the report will be emailed to you directly, depending upon the agreement we have with the publisher. For Orders that are deliverable via email and placed after working hours, the delivery of the reports will be made on the next business day. Please note, if you select purchase by invoice, you will receive your report only once the payment has been received. If you have any queries about how to order, please Contact Us .

sales@marketreportsonline.com + 1 888 391 5441

Using our subscription option, you get access to market research reports and industry data of Industry Profiles market as per your needs. Get the best of Industry Profiles research reports by utilizing your research budgets in an optimum way.
More about our Subscription option

Get Email alerts about market research reports from industries and publishers of your interest: