Czech Republic Oil & Gas Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Czech Republic Oil & Gas Report

The Czech Republic Oil & Gas Report

The Czech Republic Oil & Gas Report has been researched at source in 2008, and features latest available data and forecasts for the Czech Republic to end- covering headline indicators for oil & gas, LNG, coal and power; company rankings and competitive landscapes covering oil & gas exploration and production in the Czech Republic , refining, oil & gas distribution and fuels retailing; and analysis of latest industry developments, trends and regulatory issues within the Czech Republic .

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

Key Benefits of Report

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 , monitoring supply and demand in terms of oil production and consumption across the region.

BMI 10-Year Industry Forecast

Historic data series and 10-year forecasts to end- for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

BMI 10-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.

Czech Republic Oil & Gas Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Table of Contents

Chapter - Executive Summary

SWOT Analysis
Czech Republic Political SWOT
Czech Republic Economic SWOT
Czech Republic Business Environment SWOT

Chapter - Czech Republic Energy Market Overview

Global Oil Market Outlook
Storing Up Trouble
Revised Forecasts

Chapter - Global Oil Market Review

One-Way Traffic
Table: Global Oil Consumption (000b/d)
12-Month Demand Outlook
Table: Global Oil Production (000b/d)
12-Month Supply Outlook
Longer-Term Supply And Demand
Oil Price Assumptions
Table: Crude Price Assumptions 2008/2009
Table: Oil Price Forecasts

Chapter - Global Oil Products Price Outlook

Table: Oil Product Price Assumptions 2009 (US$/bbl)
Table: Oil Product Price Forecasts (US$/bbl)

Chapter - Global Oil Products Market Review

Regional Energy Market Overview
Oil Supply And Demand
Table: Central/Eastern Europe Oil Consumption (000b/d)
Table: Central/Eastern Europe Oil Production (000b/d)
Oil: Downstream
Table: Central/Eastern Europe Oil Refining Capacity (000b/d)
Gas Supply And Demand
Table: Central/Eastern Europe Gas Consumption (bcm)
Table: Central/Eastern Europe Gas Production (bcm)
Liquefied Natural Gas
Table: Central/Eastern Europe LNG Exports/(Imports) (bcm)

Chapter - Business Environment Ranking

Central/Eastern Europe Region
Composite Scores
Table: Regional Upstream Business Environment Rating
Table: Regional Downstream Business Environment Rating
Upstream Scores
Downstream Scores
Czech Republic Upstream Rating – Overview
Czech Republic Upstream Rating – Potential Returns
Czech Republic Upstream Rating – Risks to Potential Returns
Czech Republic Downstream Rating – Overview
Czech Republic Downstream Rating – Potential Returns
Czech Republic Downstream Rating – Risks to Potential Returns

Chapter - Business Environment

Legal Framework
Infrastructure
Labour Force
Foreign Investment Policy
Tax Regime

Chapter - Industry Forecast Scenario

Oil And Gas Reserves
Oil Supply And Demand
Gas Supply And Demand
Refining and Oil Products Trade
Revenues/Import Costs
Table: Czech Republic Oil & Gas – Historical Data & Forecasts
Other Energy
Table: Czech Republic Other Energy – Historical Data & Forecasts
Key Risks To BMI's Forecast Scenario
Long-Term Oil & Gas Outlook

Chapter - Macroeconomic Outlook

Table: Czech Republic – Economic Activity

Chapter - Competitive Landscape

Table: Key Players – Czech Oil & Gas Sector
Overview/State Role
Table: Key Upstream Player
Table: Key Downstream Players

Chapter - Company Monitor

Unipetrol
Shell Czech Republic
OMV CR
Agip Praha
Moravské Naftové Doly (MND)
PKN Orlen – Summary
BP – Summary
Carpathian Resources – Summary
Gazprom – Summary

Chapter - Glossary of Terms

Oil & Gas Ratings: Revised Methodology
Introduction
Ratings Overview
Table: BMI Oil & Gas Business Environment Ratings: Structure
Indicators
Table: BMI Oil & Gas Business Environment Upstream Ratings: Methodology
Table: BMI Oil & Gas Business Environment Downstream Ratings: Methodology

Chapter - Oil & Gas Outlook: Long-Term Forecasts

Global Oil Demand
Table: Global Oil Demand (000b/d)
Table: Global Oil Production (000b/d)
Global Oil Supply
Global Gas Demand
Table: Global Gas Demand (bcm)
Global Gas Supply
Table: Global Gas Production (bcm)
Regional Oil Demand
Table: CEE Oil Consumption (000b/d)
Regional Oil Supply
Table: CEE Oil Production (000b/d)
Regional Refining Capacity
Table: CEE Oil Refining Capacity (000b/d)
Regional Gas Demand
Table: CEE Gas Consumption (bcm)
Regional Gas Supply
Table: CEE Gas Production (bcm)
Czech Republic Country Overview
Methodology & Risks To Forecasts

Chapter - BMI Forecast Modelling

How we generate our industry forecasts
Energy Industry
Cross checks
Sources
Czech Republic Oil & Gas Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Executive Summary

The latest Czech Republic Oil & Gas Report from BMI forecasts that the country will account for 3.85% of Central and Eastern European (CEE) regional oil demand by 2013, while making no material contribution to supply. CEE regional oil use of 4.65mn barrels per day (b/d) in 2001 rose to an estimated 5.36mn b/d in 2008. It should average 5.42mn b/d in 2008 and then rise to around 5.99mn b/d by 2013. Regional oil production was 8.83mn b/d in 2001, and in 2008 averaged an estimated 13.00mn b/d. It is set to rise to 14.44mn b/d by 2013. Oil exports are growing steadily, because demand growth is lagging the pace of supply expansion. In 2001, the region was exporting an average 4.18mn b/d. This total had risen to an estimated 7.64mn b/d in 2008 and is forecast to reach 8.45mn b/d by 2013.

In terms of natural gas, the region in 2008 consumed an estimated 637bn cubic metres (bcm), with demand of 749bcm targeted for 2013, representing 17.5% growth. Production of an estimated 783bcm in 2008 should reach 913bcm in 2013, which implies net exports rising from around 145bcm in 2008 to 164bcm by the end of the period. The Czech Republic’s share of gas consumption in 2008 was an estimated 1.44%, with no meaningful contribution to regional supply. Its share of demand is forecast to be 1.54% by the end of the forecast period.

In terms of the OPEC basket of crudes, the average price in Q408 was an estimated US$52.53 per barrel (bbl), down sharply from the US$113.49 recorded during the previous three months. The full-year 2008 average is put by BMI at US$94.08/bbl, representing a 36% year-on-year (y-o-y) increase. North Sea Brent, WTI and Russian Urals are believed to have averaged US$97.06, US$99.33 and US$94.56/bbl respectively during 2008. For 2009, we are now assuming an average OPEC basket price of US$52/bbl (- 45% y-o-y), with Q109 expected to deliver US$40.00. The new full year forecast implies Brent crude at US$55.65, WTI averaging US$56.63/bbl and Urals at US$52.48 for 2009. For 2010, we expect to see a recovery to US$58.00/bbl for the OPEC price, gaining further ground to US$65.00 in 2011 and US$70.00/bbl in 2012. We are now using a long-term price assumption of US$70.00 for 2013-2018, down from our previous assumption of US$90.00/bbl.

In 2009, we see monthly average global wholesale gasoline prices ranging from US$38.90 in January to a high of US$64.90 reached in August and in December, providing a full year average of US$56.20 – just over 55% of the 2008 outturn. The 2009 BMI gasoil forecast is for an average price of US$67/bbl, assuming a monthly low of US$46.40 in January and a high of US$77.30/bbl in December. The full-year outturn represents a 45% downturn from the 2008 level. For 2009, the monthly average jet fuel price is forecast to range from US$47.90 in January to US$79.80/bbl in August, proving an annual level of US$69.20/bbl.

Czech real GDP is forecast by BMI to fall by 2.1% in 2009, down from an estimated 4.6% growth in 2008. We are assuming 1.2% growth in 2010, 3.5% in 2011, followed by 3.9% in 2012 and 3.6% in 2013. Assuming an average rise in consumption of 2% per annum, below the CEE norm, oil demand will reach 231,000b/d in 2013 – implying imports of at least 228,000b/d. In spite of a privatised oil industry, there is very limited international oil company (IOC) involvement in the upstream segment to boost domestic supply of oil or gas. BMI is assuming gas demand will rise by an annual 5% from an estimated 9.2bcm in 2008 to around 11.6bcm by 2013.

Between 2007 and 2018, we are forecasting an increase in Czech oil consumption of 18.4%, with import volumes rising steadily from an estimated 209,000b/d to 248,000b/d by the end of the 10-year forecast period. Gas consumption is expected to rise from an estimated 9.2bcm to 14.4bcm by 2018, met by imports. Details of BMI’s 10-year forecasts can be found in the appendix to this report, which provides global, regional and country-specific projections.

The Czech Republic occupies equal ninth place with Bulgaria in BMI’s updated Upstream Business Environment rating, just ahead of Hungary. Its minimal oil and gas reserves and poor production outlook work against the country, but are offset somewhat by privatisation progress, the competitive/regulatory environment and reasonable country risk factors. The country is just in the lower half of the league table in BMI’s Downstream Business Environment rating, with a few high scores but no reason to expect nearterm progress further up the rankings. It takes a share of seventh place with Slovakia and Kazakhstan. Refining capacity is among the region’s lowest, with low scores for likely capacity expansion and for oil and gas demand growth. Population and GDP per capita also work against the country. Kazakhstan is likely to move out of reach above it.

Czech Republic Oil & Gas Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Read about our other Oil & Gas Reports

Africa

Algeria, Angola, Congo, Egypt, Equatorial Guinea, Gabon, Libya, Nigeria, South Africa and Sudan

Asia

Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam

Caribbean

Trinidad & Tobago

Europe

Azerbaijan, Belgium, Bulgaria, Croatia, France, Germany, Greece, Hungary, Italy, Kazakhstan, Norway, Poland, Romania, Russia, Slovakia, Slovenia, Spain, Turkmenistan, Ukraine and United Kingdom

Latin America

Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Venezuela

Middle East

Bahrain, Iran, Iraq, Israel, Kuwait, Oman, Qatar, Saudi Arabia, Turkey and United Arab Emirates

North America

Canada and United States
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