The Belgium Oil & Gas Report

    • Independent 5-year oil and gas industry forecasts for Belgium.
    • Original oil and gas market research and oil and gas sector trend analysis for Belgium’s oil and gas industry.
    • Competitive intelligence, Belgian oil and gas company rankings and SWOT analyses on international and domestic oil and gas companies in Belgium.

The Belgium Oil & Gas Report has been researched at source in 2007, and features latest available data and forecasts for Belgium to end-2011 covering headline indicators for oil & gas, LNG, coal and power; company rankings and competitive landscapes covering oil & gas exploration and production in Belgium, refining, oil & gas distribution and fuels retailing; and analysis of latest industry developments, trends and regulatory issues within Belgium.

Business Monitor International's Belgium Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Belgian oil and gas industry.

Key Benefits of Report

    • Benchmark BMI’s Independent 5-Year Oil & Gas Industry Forecast for Belgium to test consensus views - a key input for successful budgeting and strategic business planning in the Belgian oil and gas market.
    • Target Business Opportunities & Risks in the Belgian Oil & Gas Sector through reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Belgium.
    • Exploit The Latest Competitive Belgian Oil & Gas Intelligence & Company SWOTS on your competitors and peers through company rankings by sales, market share and ownership structure - includes multi national and national companies in Belgium.

Coverage

Executive Summary

Summary of BMI’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand, refining, coal and power, and primary energy, plus analysis of landmark company developments and key changes in the regulatory environment.

Regional Overview

Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports; overview of industry landscape and key players; assessment of business operating environment and latest regulatory developments.

Business Environment Rankings

A unique comparative study undertaken by BMI on the relative business climates across all regional markets covered. A rankings table highlights the merits of each market from an investor angle, giving scores for indicators such as Oil & Gas Supply and Demand Growth, Oil & Gas Reserves, Licensing Framework and the local Competitive Environment, as well as Economic and Political Risk.

Oil Market Outlook

BMI analyses and forecasts oil prices out to 2011, monitoring supply and demand in terms of oil production and consumption across the region.

BMI 5-Year Industry Forecast

Historic data series and 5-year forecasts to end-2011 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

  • Oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (000 b/d)
  • Oil exports (000 b/d), value of oil exports (US$mn - BMI base case) - Oil price (US$/bbl, OPEC basket)
  • Value of oil exports at constant US$30/bbl and constant US$60/bbl (US$mn)
  • Proven gas reserves (tcm), production and consumption (bcm)
  • Gas exports/(imports) (bcm)
  • Value of gas exports/(imports) (US$mn); value of gas exports/(imports) at constant US$30/bbl and US$60/bbl (US$mn)
  • Value of petroleum exports (US$mn); value of petroleum exports at constant US$30/bbl and US$60/bbl (US$mn)

BMI 5-Year Macroeconomic Forecast

BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape & Rankings

Comparative company analyses and rankings by US$ sales, % share of total sales, number of employees, year established, market cap/NAV, ownership structure, oil production (‘000 b/d) and % market share, downstream capacity (‘000 b/d) and % market share.

Company Profiles & SWOTS

Company profiles, including SWOT analyses, senior executives and full contact details, business activity, products and services, foreign direct investments and projects.

BMI's Executive Summary

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Executive Summary

The new Belgium Oil & Gas Report from BMI forecasts that the country will account for 5.71% of developed European regional oil demand by 2011, while making no appreciable contribution to supply. In Developed Europe, overall oil consumption reached an estimated 14.23mn barrels per day (b/d) in 2006.

It is set to rise to around 14.65mn b/d by 2011. In terms of natural gas, the Developed Europe region last year consumed an estimated 451bn cubic metres (bcm), with demand of 535bcm targeted for 2011, representing 18.7% growth. Production of an estimated 286bcm in 2006 should fall to 268bcm in 2011, which implies net imports rising from last year's estimated 165bcm to some 268bcm by the end of the period. Belgium's share of gas consumption in 2006 was an estimated 4.00%, while it has no share of production. By 2011, its share of gas consumption is forecast to be 3.93%.

For the whole of last year, our estimates of average crude oil prices are US$61.10 for the OPEC basket, US$65.10 for Brent, US$66.20 per barrel (/bbl) for WTI and US$61.30 for Urals. For the first quarter of this year, we have adjusted our forecasts to reflect the weather-induced volatility. The OPEC basket is now expected to have averaged US$54.30/bbl, with Brent at US$57.60; WTI averaging US$58.70 and Urals at US$54.00/bbl. Our projections for 2007 as a whole are barely changed from the last quarterly report. We are still assuming an OPEC basket price average of US$55/bbl. Based on last year's typical price differentials, this implies Brent at US$58.80, WTI averaging US$59.90/bbl, and Urals at US$55.30/bbl.

Belgian real GDP growth is forecast by BMI at 2.3% for 2007, down from 3.1% in 2006. We are assuming 1.9% growth in 2008, 2.2% in 2009, followed by 1.9% in 2010 and 2.1% in 2011. Ongoing oil demand growth averaging no more than 0.5% per annum is expected. Our forecast is for Belgium/Luxembourg oil consumption to rise from an estimated 812,000b/d last year to 837,000b/d by 2011. From an estimated 17.5bcm in 2006, we expect to see gas demand rise to a minimum of 21bcm by 2011, all met by increased pipeline and liquefied natural gas (LNG) imports.

The long-term political risk score for Belgium is 87.5, the third highest in our European universe behind Greece and Spain, and well above the global average of 65.5. The regional average is 85.6. Our long-term economic rating for the country is 71.6, above that of France and Italy, well above the global average of 60.9, but below the regional average of 72.3. Our business environment rating is 74.2, which is the highest of the developed European countries we cover, and well above the regional average of 66.3.

Belgium has a privatised energy sector operating under EU guidelines. There is no upstream oil and gas segment, but downstream oil and gas features a mixture of international oil companies (IOCs) and former state companies now in foreign hands. Both the gas and power markets are substantially open to competition, with full opening imminent.

Contents

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Chapter 1 - Executive Summary

Chapter 2 - Regional Market Overview

Developed Markets

Table: Developed Markets Oil Consumption (000b/d)

Table: Developed Markets Oil Production (000b/d)

Table: Developed Markets Oil Refining Capacity (000b/d)

Table: Developed Markets Gas Consumption (bcm)

Table: Developed Markets Gas Production (bcm)

Table: Developed Markets LNG Imports/(Exports) (bcm)

Belgium

Chapter 3 - Oil Market Outlook

Table: Crude Price Forecasts 2006

Revised Forecasts

Table: Oil Price Forecasts

Chapter 4 - Regional Supply and Demand

North West & Mediterranean Europe

Table: Oil Production (000b/d) – Developed Europe

Table: Oil Consumption (000b/d) – Developed Europe

Chapter 5 - Global Picture

Table: Global Oil Consumption (000b/d)

Table: Global Oil Production (000b/d)

Chapter 6 - Industry Forecast Scenario

Oil and Gas Reserves

Oil Supply and Demand

Gas Supply and Demand

LNG

Refining and Oil Products Trade

Revenues/Import Costs

Table: Belgium Oil & Gas – Historic Data & Forecasts

Other Energy

Table: Belgium Other Energy – Historic Data & Forecasts

Key Risks to BMI’s Forecast Scenario

Chapter 7 - Belgium Macroeconomic Outlook

Economic Activity

Table: Belgium - Macroeconomic Forecasts

Chapter 8 - Country Snapshot: Belgium Demographic Data

Section 1: Population:

Table: Demographic Indicators (2005)

Table: Rural/Urban Breakdown

Section 2: Education & Healthcare

Table: Education

Table: Healthcare: Vital Statistics

Table: Healthcare: Expenditure

Section 3: Labour Market And Spending Power

Table: Employment Indicators

Table: Consumption and Stratification

Chapter 9 - Regional Case Study – Norsk Hydro

Table: Norsk Hydro Statistics

Chapter 10 - Competitive Landscape

Executive Summary

Table: Key Players – Belgian Oil And Gas Sector

Overview/State Role

Table: Key Downstream Players

Chapter 11 - Company Profiles

Total

ExxonMobil

Petroplus

Distrigas

Chapter 12 - BMI Forecast Modelling

How we generate our industry forecasts

Energy Industry

Cross checks

Sources

Network of European Oil & Gas Sources

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BMI's European Oil & Gas Reports are based on an extensive network of multilateral organisations, government departments, oil and gas industry associations, chambers of commerce and company reports. Information sources include:

 

Read about our other Oil & Gas Reports

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UK
UAE
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