Spain Oil & Gas Report
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Now: $875.00
You save: $155.00 (15%)
Spain Oil & Gas Report

The Spain Oil & Gas Report

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

Business Monitor International's Spain Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Spanish 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.

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

Chapter - Executive Summary

SWOT Analysis
Spain Political SWOT
Spain Economic SWOT

Chapter - Spain 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: Developed Markets Oil Consumption (000b/d)
Table: Developed Markets Oil Production (000b/d)
Oil: Downstream
Table: Developed Markets Oil Refining Capacity (000b/d)
Gas Supply And Demand
Table: Developed Markets Gas Consumption (bcm)
Table: Developed Markets Gas Production (bcm)
Liquefied Natural Gas
Table: Developed Markets LNG Imports/(Exports) (bcm)

Chapter - 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: Spain Oil & Gas – Historical Data & Forecasts
Other Energy
Table: Spain Other Energy – Historical Data & Forecasts
Key Risks To BMI's Forecast Scenario
Long-Term Oil & Gas Outlook

Chapter - Macroeconomic Outlook

Table: Spain – Economic Activity

Chapter - Competitive Landscape

Executive Summary

Table: Key Players – Spanish Oil & Gas Sector
Overview/State Role
Table: Key Downstream Players

Chapter - Company Monitor

Repsol YPF
Gas Natural
Beach Petroleum/Serica Energy – Summary
Compañía Española de Petróleos (Cepsa)- 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: Developed Europe Oil Consumption (000b/d)
Regional Oil Supply
Table: Developed Europe Oil Production (000b/d)
Regional Refining Capacity
Table: Developed Europe Oil Refining Capacity (000b/d)
Regional Gas Demand
Table: Developed Europe Gas Consumption (bcm)
Regional Gas Supply
Table: Developed Europe Gas Production (bcm)
Spain Country Overview
Methodology & Risks To Forecasts

Chapter - BMI Forecast Modelling

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

The latest Spain Oil & Gas Report from BMI forecasts that the country will account for 12.21% of developed European regional oil demand by 2013, while making no appreciable contribution to supply. In Developed Europe, overall oil consumption reached an estimated 13.75mn barrels per day (b/d) in 2008. It is set to rise to around 14.04mn b/d by 2013. Developed Europe regional oil production was 6.97mn b/d in 2001, and in 2008 averaged an estimated 5.00mn b/d. It is set to fall to just 3.80mn b/d by 2013. Oil imports are growing steadily, because supply is contracting and demand is rising, albeit slowly. In 2008, net crude imports were an estimated 8.75mn b/d. By 2013, they are expected to have reached 10.24mn b/d.

In terms of natural gas, the Developed Europe region in 2008 consumed an estimated 440bn cubic metres (bcm), with demand of 490bcm targeted for 2013, representing 11.2% growth. Production of an estimated 269bcm in 2007 should rise to 279bcm in 2013, which implies net imports rising from the estimated 2008 level of 171bcm to some 211bcm by the end of the period. Spain's share of gas consumption in 2008 was an estimated 8.37%, while it has no meaningful share of production. By 2013, its share of gas consumption is forecast to be 10.07%.

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/bbl 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.

Spanish real GDP growth is forecast by BMI to fall by 3.5% in 2009, down from estimated growth of 1.0% in 2008. We are assuming an average 0.7% growth in 2009-2013. In terms of oil demand, the Spanish market continues to grow more rapidly than the EU norm, with 0.5%-1.0% annual consumption growth forecast over the medium term. Oil consumption has risen from just over 1mn b/d in 1990 to an estimated 1.62mn b/d in 2008. Our target for 2013 is demand at an average 1.71mn b/d. No meaningful local oil supply is available, with crude imports reaching 1.71mn b/d by 2013. Our gas demand forecast is for an average annual growth rate of 6%, taking the 2013 total consumption to 49.3bcm.

Between 2007 and 2018, we are forecasting an increase in Spanish oil and gas liquids consumption of 7.7%, with volumes rising steadily from an estimated 1.62mn b/d in 2008 to 1.85mn b/d by the end of the 10-year forecast period. Gas demand should rise from the estimated 2008 level of 37bcm to 59bcm by 2018, based on LNG and pipeline 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 long-term political score is 80.2, below the Developed Markets average of 85.8. Spain ranks secondlowest of the BMI universe of European Developed Markets. The long-term economic rating is 71.3, which compares with a Developed Markets average of 68.9, putting Spain behind only the UK and Norway in the developed Europe universe. Spain has a privatised energy sector operating under EU guidelines. There is a very small upstream oil and gas segment, dominated by domestic companies. Downstream oil is controlled largely by former state company Repsol YPF.

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

Africa

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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, Czech Republic, France, Germany, Greece, Hungary, Italy, Kazakhstan, Norway, Poland, Romania, Russia, Slovakia, Slovenia, 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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