Includes 3 FREE quarterly updates
BMI View: Qatar sits on the world's third-largest proven gas reserves, which are concentrated in the offshore North Field. The country's robust efforts to commercialise these deposits have resulted in Qatar becoming the world's largest liquefied natural gas (LNG) exporter. Our forecasts project that Qatar will retain this title over the forecast period, albeit with increasing competition from new entrants to the global LNG market by the end of the decade. The successful deployment of gas-to-liquids (GTL) technology will also support its petroleum export volumes, although pricing dynamics must remain accommodative for GTL technology to remain economical over the long term. Qatar's crude oil prospects are less exciting, as its oil reserves are modest in comparison with its Persian Gulf neighbours.
We highlight the following trends and developments in Qatar's oil and gas sector:
BMI sees Qatari gas production growing to nearly 190bcm by 2022, with sustained annual growth over the forecast period, albeit at a slowing rate. However, given the economy's robust growth outlook, Qatar's domestic gas consumption is also set to rise quickly, to as much as 72bcm over the same period. Export volumes should remain steady, however.
BMI View: Qatar sits on the world's third-largest proven gas reserves, which are concentrated in the offshore North Field. The country's robust efforts to commercialise these deposits have resulted in Qatar becoming the world's largest liquefied natural gas (LNG) exporter. Our forecasts project that Qatar will retain this title over the forecast period, albeit with increasing competition from new entrants to the global LNG market by the end of the decade. The successful deployment of gas-to-liquids (GTL) technology will also support its petroleum export volumes, although pricing dynamics must remain accommodative for GTL technology to remain economical over the long term. Qatar's crude oil prospects are less exciting, as its oil reserves are modest in comparison with its Persian Gulf neighbours.
We highlight the following trends and developments in Qatar's oil and gas sector:
BMI sees Qatari gas production growing to nearly 190bcm by 2022, with sustained annual growth over the forecast period, albeit at a slowing rate. However, given the economy's robust growth outlook, Qatar's domestic gas consumption is also set to rise quickly, to as much as 72bcm over the same period. Export volumes should remain steady, however.
BMI Industry View
SWOT
Industry Forecast
Oil And Gas Reserves
Table: Qatar Proven Oil & Gas Reserves And Total Petroleum Data
Table: Qatar Proven Oil & Gas Reserves And Total Petroleum Data
Oil Supply And Demand
Table: Qatar Oil Production, Consumption And Net Exports
Table: Qatar Oil Production, Consumption And Net Exports
Gas Supply And Demand
Table: Qatar Gas Production, Consumption And Net Exports
Table: Qatar Gas Production, Consumption And Net Exports
LNG
Refining And Oil Products Trade
Table: Qatar Refining - Production And Consumption
Table: Qatar Refining - Production And Consumption
Revenues/Import Costs
Key Risks To BMI's Forecast Scenario
Industry Risk Reward Ratings
Qatar - Risk/Reward Ratings
Middle East - Risk/Reward Ratings
Resilient Risks Rankings Despite Change In Critical Region
Table: Middle East Oil & Gas Risk Reward Ratings.
Table: Middle East Upstream Oil & Gas Risk Reward Rating
Table: Middle East Downstream Oil & Gas Risk Reward Rating
Market Overview
Qatar Energy Market Overview
Licensing And Regulation
Government Policy
International Energy Relations
Table: Qatar - Major Upstream Projects
Oil And Gas Infrastructure
Oil Refineries
Table: Refineries In Qatar
Table: GTL Plants In Qatar
LNG Terminals
Table: LNG Terminals In Qatar
Gas Pipelines
Competitive Landscape
Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector
Table: Key Upstream Players
Table: Key Downstream Player
Company Profile
Qatar Petroleum
ExxonMobile Oil Qatar
Total Qatar
Royal Dutch Shell
Other Summaries
Regional Overview
Iraq: Abundance of Risk, Abundance Of Potential
Proven Producers Invest To Lift Output
Gas Rises, But Consumption Does Too
Uncertainty In Tehran
Global Industry Overview
Global Energy Market Overview
Table: BMI's Oil Price Forecasts & Bloomberg Analyst Consensus, Average Price (US$/bbl)
Table: Global Oil Demand Forecasts
Appendix
Middle East - Regional Appendix
Table: Oil Consumption - Historical Data & Forecasts, 2010-2017 ('000b/d)
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Oil Production - Historical Data & Forecasts, 2010-2017 ('000b/d)
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Refining Capacity - Historical Data & Forecasts, 2010-2017 ('000b/d)
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Gas Consumption - Historical Data & Forecasts, 2010-2017 (bcm)
Table: Gas Consumption, 2014-2021 (bcm)
Table: Gas Production - Historical Data & Forecasts, 2010-2017 (bcm)
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)
Table: Net LNG Exports - Historical Data & Forecasts, 2010-2017 (bcm)
Table: Net LNG Exports - Long-Term Forecasts, 2014-2021 (bcm)
Glossary
Table: Glossary Of Terms
Methodology
Energy Industry
Cross checks
Sources
SWOT
Industry Forecast
Oil And Gas Reserves
Table: Qatar Proven Oil & Gas Reserves And Total Petroleum Data
Table: Qatar Proven Oil & Gas Reserves And Total Petroleum Data
Oil Supply And Demand
Table: Qatar Oil Production, Consumption And Net Exports
Table: Qatar Oil Production, Consumption And Net Exports
Gas Supply And Demand
Table: Qatar Gas Production, Consumption And Net Exports
Table: Qatar Gas Production, Consumption And Net Exports
LNG
Refining And Oil Products Trade
Table: Qatar Refining - Production And Consumption
Table: Qatar Refining - Production And Consumption
Revenues/Import Costs
Key Risks To BMI's Forecast Scenario
Industry Risk Reward Ratings
Qatar - Risk/Reward Ratings
Middle East - Risk/Reward Ratings
Resilient Risks Rankings Despite Change In Critical Region
Table: Middle East Oil & Gas Risk Reward Ratings.
Table: Middle East Upstream Oil & Gas Risk Reward Rating
Table: Middle East Downstream Oil & Gas Risk Reward Rating
Market Overview
Qatar Energy Market Overview
Licensing And Regulation
Government Policy
International Energy Relations
Table: Qatar - Major Upstream Projects
Oil And Gas Infrastructure
Oil Refineries
Table: Refineries In Qatar
Table: GTL Plants In Qatar
LNG Terminals
Table: LNG Terminals In Qatar
Gas Pipelines
Competitive Landscape
Table: Key Domestic And Foreign Companies In The Qatari Oil And Gas Sector
Table: Key Upstream Players
Table: Key Downstream Player
Company Profile
Qatar Petroleum
ExxonMobile Oil Qatar
Total Qatar
Royal Dutch Shell
Other Summaries
Regional Overview
Iraq: Abundance of Risk, Abundance Of Potential
Proven Producers Invest To Lift Output
Gas Rises, But Consumption Does Too
Uncertainty In Tehran
Global Industry Overview
Global Energy Market Overview
Table: BMI's Oil Price Forecasts & Bloomberg Analyst Consensus, Average Price (US$/bbl)
Table: Global Oil Demand Forecasts
Appendix
Middle East - Regional Appendix
Table: Oil Consumption - Historical Data & Forecasts, 2010-2017 ('000b/d)
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Oil Production - Historical Data & Forecasts, 2010-2017 ('000b/d)
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Refining Capacity - Historical Data & Forecasts, 2010-2017 ('000b/d)
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Gas Consumption - Historical Data & Forecasts, 2010-2017 (bcm)
Table: Gas Consumption, 2014-2021 (bcm)
Table: Gas Production - Historical Data & Forecasts, 2010-2017 (bcm)
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)
Table: Net LNG Exports - Historical Data & Forecasts, 2010-2017 (bcm)
Table: Net LNG Exports - Long-Term Forecasts, 2014-2021 (bcm)
Glossary
Table: Glossary Of Terms
Methodology
Energy Industry
Cross checks
Sources