Vietnam Oil and Gas Comprehensive Report Q4/2019
VIETNAM OIL AND GAS INDUSTRY
In the first 9 months of 2019, the whole oil and gas industry witnessed a reduction in exploitation which was only equivalent to xx% of the same period of 2018. The gas production decreased by xx% in comparison with the same period of 2018. The petroleum volume of Q4/2019 increased by xx% compared to the same period of 2018 due to the return of Dung Quat Biofuel Plant and the entry of Nghi Son refinery.
According to the preliminary data from the General Department of Customs, petroleum exports increased by xx% in volume and xx% in value compared to the same period of 2018. Whereas, cruel oil imports were estimated to rise 23 times in volume and 20 times in value compared to 2018. Meanwhile, petroleum imports declined dramatically, which went down to xx% in value and xx% in volume compared to 2018.
Regarding to gas, Vietnam’s gas imports in the first 9 months of 2019 reduced xx% compared to the previous year. Gas still remained at low price despite of high exploitation expense as well as limited supply. Besides, main mines declined its natural volume because of being exploited for a long time.
It is forecasted that in 2019, the exploitation will reach 22.06 million tons of oil and gas; 12.37 million tons of crude oil. Oil prices are expected to escape the crisis in 2018, oil and gas enterprises will be recovered and have positive changes.
In the coming time, the OPEC cutting down crude oil production will make crude oil price tend to increase, there will be many strong impacts on the domestic oil and gas market; meanwhile Vietnam’s oil and gas exploitation activities are assessed to have stability again.
In the first 9 months of 2019, the whole oil and gas industry witnessed a reduction in exploitation which was only equivalent to xx% of the same period of 2018. The gas production decreased by xx% in comparison with the same period of 2018. The petroleum volume of Q4/2019 increased by xx% compared to the same period of 2018 due to the return of Dung Quat Biofuel Plant and the entry of Nghi Son refinery.
According to the preliminary data from the General Department of Customs, petroleum exports increased by xx% in volume and xx% in value compared to the same period of 2018. Whereas, cruel oil imports were estimated to rise 23 times in volume and 20 times in value compared to 2018. Meanwhile, petroleum imports declined dramatically, which went down to xx% in value and xx% in volume compared to 2018.
Regarding to gas, Vietnam’s gas imports in the first 9 months of 2019 reduced xx% compared to the previous year. Gas still remained at low price despite of high exploitation expense as well as limited supply. Besides, main mines declined its natural volume because of being exploited for a long time.
It is forecasted that in 2019, the exploitation will reach 22.06 million tons of oil and gas; 12.37 million tons of crude oil. Oil prices are expected to escape the crisis in 2018, oil and gas enterprises will be recovered and have positive changes.
In the coming time, the OPEC cutting down crude oil production will make crude oil price tend to increase, there will be many strong impacts on the domestic oil and gas market; meanwhile Vietnam’s oil and gas exploitation activities are assessed to have stability again.
Abbreviations
Executive summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic context
1.2 Legal barriers
1.3 Trade agreement impact
2. WORLD PETROLEUM INDUSTRY
2.1 Crude oil
2.2 Gas
2.3 Current situation of key nations in the industry
2.4 Major companies in the industry
3. VIETNAM PETROLEUM INDUSTRY
3.1 Definition and classification
3.2 Formation and development progress
3.3 Industrial value chain
3.4 Current situation
4. RISK ANALYSIS
4.1 Industrial risk analysis
4.2 SWOT analysis
5. PLANNING AND FORECAST
5.1 Planning
5.2 Forecast
6. ENTERPRISE ANALYSIS
6.1 Enterprise introduction
6.2 Financial analysis
Financial Statements Appendix
Executive summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic context
1.2 Legal barriers
1.3 Trade agreement impact
2. WORLD PETROLEUM INDUSTRY
2.1 Crude oil
2.2 Gas
2.3 Current situation of key nations in the industry
2.4 Major companies in the industry
3. VIETNAM PETROLEUM INDUSTRY
3.1 Definition and classification
3.2 Formation and development progress
3.3 Industrial value chain
3.4 Current situation
4. RISK ANALYSIS
4.1 Industrial risk analysis
4.2 SWOT analysis
5. PLANNING AND FORECAST
5.1 Planning
5.2 Forecast
6. ENTERPRISE ANALYSIS
6.1 Enterprise introduction
6.2 Financial analysis
Financial Statements Appendix
LIST OF TABLES
Table 1: PREFERENTIAL IMPORT TAX RATES APPLICABLE TO 97 CHAPTERS BY LIST OF VIETNAMESE IMPORT GOODS
Table 2: REGULATIONS ON GOODS CODES AND LEVELS OF IMPORT TAX RATES PRIORITIZED FOR A NUMBER OF GROUP OF ITEMS AND ITEMS
Table 3: Products classification, characteristics and application
Table 4: Crude oil export turnover of typical countries in 2018
Table 5: Crude oil import turnover of typical countries in 2018
Table 6: Petroleum exploration methods
Table 7: Thermal power plants, 2018
Table 8: Crude oil transporting method
Table 9: Gas pipelines
Table 10: The balance of average petroleum supply and demand in Vietnam market from 2018 to 2022
Table 11: Number of adjusting times gasoline prices, 2018
Table 12: Scale of 5 leading enterprises in the petroleum market in 2017
Table 1: PREFERENTIAL IMPORT TAX RATES APPLICABLE TO 97 CHAPTERS BY LIST OF VIETNAMESE IMPORT GOODS
Table 2: REGULATIONS ON GOODS CODES AND LEVELS OF IMPORT TAX RATES PRIORITIZED FOR A NUMBER OF GROUP OF ITEMS AND ITEMS
Table 3: Products classification, characteristics and application
Table 4: Crude oil export turnover of typical countries in 2018
Table 5: Crude oil import turnover of typical countries in 2018
Table 6: Petroleum exploration methods
Table 7: Thermal power plants, 2018
Table 8: Crude oil transporting method
Table 9: Gas pipelines
Table 10: The balance of average petroleum supply and demand in Vietnam market from 2018 to 2022
Table 11: Number of adjusting times gasoline prices, 2018
Table 12: Scale of 5 leading enterprises in the petroleum market in 2017
LIST OF FIGURES
Figure 1: GDP at current prices and GDP per capita, 2013 – 2018
Figure 2: Quarterly GDP Growth rate, 2016 – 2019
Figure 3: Contribution of PVN in national GDP, 2008 – 2017
Figure 4: Contribution of crude oil collection in State budget, 2008 – 2018(*)
Figure 5: Top 10 countries with the largest oil reserves, 2017
Figure 6: Proven oil reserves, 2017
Figure 7: Structure of world oil rigs by region, Q1/2019
Figure 8: Number of world oil rigs, 2014 – Q1/2019
Figure 9: Number of US oil rigs, 2014 – Q1/2019
Figure 10: World oil supply, 2016 – Q1/2019
Figure 11: Oil supply by regions, Q1/2019
Figure 12: OPEC crude oil production, 2013 – Q1/2019
Figure 13: OPEC crude oil production structure, Q1/2019
Figure 14: Oil consumption per capita, 2017
Figure 15: World oil demand, 2016 – 2019e
Figure 16: Oil consumption by regions, 2017
Figure 17: Top 10 oil consuming countries, 2017
Figure 18: Oil consumption by certain products, 2006-2016
Figure 19: Crude oil import structure, 2017
Figure 20: Crude oil import quantity, 2012 – 2017
Figure 21: Crude oil export structure by quantity, 2017
Figure 22: Crude oil export quantity, 2012 – 2017
Figure 23: World crude oil movements in 1861 – Q1/2019
Figure 24: Top 10 largest natural gas reserves countries in 2018
Figure 25: Natural gas production in 1970 – 2017
Figure 26: Natural gas production structure by regions, 2017
Figure 27: Leading countries in natural gas production, 2017
Figure 28: Natural gas consumption, 2006 – 2017
Figure 29: Natural gas consumption structure by region in 2017
Figure 30: Natural gas consumption per capita in 2017
Figure 31: Top 10 largest natural gas consuming countries in the world, 2017
Figure 32: Natural applications by sector, 2016
Figure 33: Gas pipelines by region, 2017
Figure 34: Natural gas export, 2015 – 2016
Figure 35: The global gas trade, 2017
Figure 36: Top 10 largest pipelines dry gas exporting countries, 2017
Figure 37: Top 10 largest LNG exporting countries, 2017
Figure 38: Top 10 countries exporting LPG through pipelines, 2017
Figure 39: Top 10 countries importing LPG through pipelines, 2017
Figure 40: World natural gas price movements, 2012 – Q1/2019
Figure 41: US crude oil production, 2007 – Q1/2019
Figure 42: US natural gas production, 2007 – Q1/2019
Figure 43: US crude oil export balance, 2016 – Q1/2019
Figure 44: US natural gas export balance 2016 – Q1/2019
Figure 45: Chinese net crude oil import, 6/2016 – 2/2018
Figure 46: Top 10 biggest natural gas producer, 2016
Figure 47: Top 10 biggest oil producer, 2016
Figure 48: Operated mines every 5 year period, 1981 – 2015
Figure 49: Vietnam petroleum reserves, 2010 – 2016
Figure 50: Vietnamese oil and gas exploitation enterprises, 2010 – 2017
Figure 51: Number of labor in petroleum industry, 2010 – 2016
Figure 52: Vietnam crude oil production, 2010 – Q1/2019
Figure 53: Vietnam natural gas production, 2010 – Q1/2019
Figure 54: Natural gas producing structure by fields, 2018
Figure 55: Vietnam crude oil consumption, 2010 – Q1/2019
Figure 56: Vietnam natural gas consumption, 2010 – Q1/2019
Figure 57: Natural gas consumption structure by purposes, 2018
Figure 58: Vietnam crude oil exports, 2010 – Q1/2019
Figure 59: Crude oil exporting structure by quantity, Q1/2019
Figure 60: Average crude oil exporting prices to some market, Q1/2019
Figure 61: Vietnam crude oil imports, 2010 – Q1/2019
Figure 62: Vietnam crude oil importing structure by quantity, 2018
Figure 63: Vietnam natural gas exports by countries Q1/2019
Figure 64: Vietnam natural gas exports, 2013 – Q1/2019
Figure 65: Top 10 largest natural gas exporting enterprises, Q1/2019
Figure 66: Top 10 largest natural gas importing enterprises, Q1/2019e
Figure 67: Vietnam natural gas imports, 2010 – 3T/2019
Figure 68: Top 10 largest natural gas importing enterprises, 3T/2019
Figure 69: Natural gas importing structure, 3Q/2019e
Figure 70: Fuel types production, 2009 – Q1/2019
Figure 71: Fuel types consumption, 2010 – 6T/2017e
Figure 72: Fuel demand structure, 2016
Figure 73: Fuel consumption per capita in the region by 8/2016
Figure 74: Petroleum of all kinds exports, 2010 – Q1/2019
Figure 75: Petroleum exporting structure by volume, Q1/2019
Figure 76: Petroleum of all kinds imports2010 – Q1/2019
Figure 77: Petroleum importing structure by volume, Q1/2019
Figure 78: Domestic gasoline price movements, 2015 – Q1/2019
Figure 79: Average gas price of some countries, March 2019
Figure 80: Tax on gasoline liter structure in 2016 – 2018
Figure 81: Petroleum market structure 2017e
Figure 82: Revenue of Petrolimex in the form of distribution, 2016
Figure 83: LPG Production, 2009 – Q1/2019
Figure 84: Gas production, refinement and distribution
Figure 85: LPG Consumption, 2009 – 2017
Figure 86: LPG consumption structure, 2017
Figure 87: LPG Import, 2009 – Q1/2019
Figure 88: LPG importing structure by volume, Q1/2019
Figure 89: LPG storage capacity by area
Figure 90: LPG retail market share, 2016
Figure 91: Industry group structure by revenue, 2016
Figure 92: Vietnam polypropylene production, 2010 – 2018
Figure 93: Investment capital demand by region, 2016 – 2025
Figure 94: Investment capital demand by region, 2026 – 2035
Figure 95: World oil demand, 2017 – 2040f
Figure 96: World oil supply, 2017 – 2040f
Figure 97: Global natural gas consumption, 2016 – 2040f
Figure 98: Increasing natural gas production by country, 2016 – 2040f
Figure 99: Vietnam oil forecasted demand-supply, 2019 – 2025
Figure 100: Vietnam gas forecasted demand-supply, 2019 – 2020
Figure 101: Vietnam’s petroleum industry structure
Figure 102: PVN Revenue, 2010 – 2018
Figure 103: Petrolimex Revenue, 2011 – 2018
Figure 104: Net revenue growth rate, 2017 – 2018
Figure 105: Enterprises debt solvency in 2018
Figure 106: Solvency of enterprises, 2017
Figure 107: Receivables turnover ratio, 2018
Figure 108: Total asset turnover ratio, 2018
Figure 109: Profit margin, 2018
Figure 1: GDP at current prices and GDP per capita, 2013 – 2018
Figure 2: Quarterly GDP Growth rate, 2016 – 2019
Figure 3: Contribution of PVN in national GDP, 2008 – 2017
Figure 4: Contribution of crude oil collection in State budget, 2008 – 2018(*)
Figure 5: Top 10 countries with the largest oil reserves, 2017
Figure 6: Proven oil reserves, 2017
Figure 7: Structure of world oil rigs by region, Q1/2019
Figure 8: Number of world oil rigs, 2014 – Q1/2019
Figure 9: Number of US oil rigs, 2014 – Q1/2019
Figure 10: World oil supply, 2016 – Q1/2019
Figure 11: Oil supply by regions, Q1/2019
Figure 12: OPEC crude oil production, 2013 – Q1/2019
Figure 13: OPEC crude oil production structure, Q1/2019
Figure 14: Oil consumption per capita, 2017
Figure 15: World oil demand, 2016 – 2019e
Figure 16: Oil consumption by regions, 2017
Figure 17: Top 10 oil consuming countries, 2017
Figure 18: Oil consumption by certain products, 2006-2016
Figure 19: Crude oil import structure, 2017
Figure 20: Crude oil import quantity, 2012 – 2017
Figure 21: Crude oil export structure by quantity, 2017
Figure 22: Crude oil export quantity, 2012 – 2017
Figure 23: World crude oil movements in 1861 – Q1/2019
Figure 24: Top 10 largest natural gas reserves countries in 2018
Figure 25: Natural gas production in 1970 – 2017
Figure 26: Natural gas production structure by regions, 2017
Figure 27: Leading countries in natural gas production, 2017
Figure 28: Natural gas consumption, 2006 – 2017
Figure 29: Natural gas consumption structure by region in 2017
Figure 30: Natural gas consumption per capita in 2017
Figure 31: Top 10 largest natural gas consuming countries in the world, 2017
Figure 32: Natural applications by sector, 2016
Figure 33: Gas pipelines by region, 2017
Figure 34: Natural gas export, 2015 – 2016
Figure 35: The global gas trade, 2017
Figure 36: Top 10 largest pipelines dry gas exporting countries, 2017
Figure 37: Top 10 largest LNG exporting countries, 2017
Figure 38: Top 10 countries exporting LPG through pipelines, 2017
Figure 39: Top 10 countries importing LPG through pipelines, 2017
Figure 40: World natural gas price movements, 2012 – Q1/2019
Figure 41: US crude oil production, 2007 – Q1/2019
Figure 42: US natural gas production, 2007 – Q1/2019
Figure 43: US crude oil export balance, 2016 – Q1/2019
Figure 44: US natural gas export balance 2016 – Q1/2019
Figure 45: Chinese net crude oil import, 6/2016 – 2/2018
Figure 46: Top 10 biggest natural gas producer, 2016
Figure 47: Top 10 biggest oil producer, 2016
Figure 48: Operated mines every 5 year period, 1981 – 2015
Figure 49: Vietnam petroleum reserves, 2010 – 2016
Figure 50: Vietnamese oil and gas exploitation enterprises, 2010 – 2017
Figure 51: Number of labor in petroleum industry, 2010 – 2016
Figure 52: Vietnam crude oil production, 2010 – Q1/2019
Figure 53: Vietnam natural gas production, 2010 – Q1/2019
Figure 54: Natural gas producing structure by fields, 2018
Figure 55: Vietnam crude oil consumption, 2010 – Q1/2019
Figure 56: Vietnam natural gas consumption, 2010 – Q1/2019
Figure 57: Natural gas consumption structure by purposes, 2018
Figure 58: Vietnam crude oil exports, 2010 – Q1/2019
Figure 59: Crude oil exporting structure by quantity, Q1/2019
Figure 60: Average crude oil exporting prices to some market, Q1/2019
Figure 61: Vietnam crude oil imports, 2010 – Q1/2019
Figure 62: Vietnam crude oil importing structure by quantity, 2018
Figure 63: Vietnam natural gas exports by countries Q1/2019
Figure 64: Vietnam natural gas exports, 2013 – Q1/2019
Figure 65: Top 10 largest natural gas exporting enterprises, Q1/2019
Figure 66: Top 10 largest natural gas importing enterprises, Q1/2019e
Figure 67: Vietnam natural gas imports, 2010 – 3T/2019
Figure 68: Top 10 largest natural gas importing enterprises, 3T/2019
Figure 69: Natural gas importing structure, 3Q/2019e
Figure 70: Fuel types production, 2009 – Q1/2019
Figure 71: Fuel types consumption, 2010 – 6T/2017e
Figure 72: Fuel demand structure, 2016
Figure 73: Fuel consumption per capita in the region by 8/2016
Figure 74: Petroleum of all kinds exports, 2010 – Q1/2019
Figure 75: Petroleum exporting structure by volume, Q1/2019
Figure 76: Petroleum of all kinds imports2010 – Q1/2019
Figure 77: Petroleum importing structure by volume, Q1/2019
Figure 78: Domestic gasoline price movements, 2015 – Q1/2019
Figure 79: Average gas price of some countries, March 2019
Figure 80: Tax on gasoline liter structure in 2016 – 2018
Figure 81: Petroleum market structure 2017e
Figure 82: Revenue of Petrolimex in the form of distribution, 2016
Figure 83: LPG Production, 2009 – Q1/2019
Figure 84: Gas production, refinement and distribution
Figure 85: LPG Consumption, 2009 – 2017
Figure 86: LPG consumption structure, 2017
Figure 87: LPG Import, 2009 – Q1/2019
Figure 88: LPG importing structure by volume, Q1/2019
Figure 89: LPG storage capacity by area
Figure 90: LPG retail market share, 2016
Figure 91: Industry group structure by revenue, 2016
Figure 92: Vietnam polypropylene production, 2010 – 2018
Figure 93: Investment capital demand by region, 2016 – 2025
Figure 94: Investment capital demand by region, 2026 – 2035
Figure 95: World oil demand, 2017 – 2040f
Figure 96: World oil supply, 2017 – 2040f
Figure 97: Global natural gas consumption, 2016 – 2040f
Figure 98: Increasing natural gas production by country, 2016 – 2040f
Figure 99: Vietnam oil forecasted demand-supply, 2019 – 2025
Figure 100: Vietnam gas forecasted demand-supply, 2019 – 2020
Figure 101: Vietnam’s petroleum industry structure
Figure 102: PVN Revenue, 2010 – 2018
Figure 103: Petrolimex Revenue, 2011 – 2018
Figure 104: Net revenue growth rate, 2017 – 2018
Figure 105: Enterprises debt solvency in 2018
Figure 106: Solvency of enterprises, 2017
Figure 107: Receivables turnover ratio, 2018
Figure 108: Total asset turnover ratio, 2018
Figure 109: Profit margin, 2018
