Belgium Oil and Gas Report Q3 2016

Date: June 15, 2016
Pages: 67
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: With no upstream prospects, Belgium will remain heavily reliant on imported supplies of both liquids and gas. Natural gas consumption will be weak due growing nuclear and renewable generation in the power sector. Meanwhile, the refining sector will perform well as efficiency improvements and low oil prices increase the competitiveness of its downstream facilities.

The main trends and developments in Belgium's oil and gas sector are:
  • Ongoing industrial action in France will increase Belgian fuels exports to the country to help replenish stocks. However, an oversupplied market will not provide significant opportunities over the next several months.
  • Low oil prices and high refining margins has seen greater throughput at Belgium's three Antwerp refineries in H214 and H115. We caution that narrowing refining margins will weigh on this over the coming year.
  • Modernisation of Total's Antwerp complex is expected to be completed this year, increasing output of cleaner-burning fuels that align with EU regulations. This will not, however, expand overall capacity over the next year.
  • Planned maintenance at the Interconnector pipeline between the UK and Belgium will limit imports from the UK over the summer months, this will increase supplies from Norway as the Netherlands contends with falling domestic production.
  • In May 2015, Yamal LNG signed a contract with Fluxys LNG of Belgium to use the facility at Zeebrugge as a transhipment hub. A fifth storage tank and new loading and unloading capacity will be added.
  • LNG imports increased marginally through Q315 on the back of lower prices, though the restart of the nuclear facilities reduced this considerably by the end of the year. We expect this trend will remain in place over 2016, with Belgium's LNG terminals utilised well below capacity.
BMI Industry View
  Table: Headline Forecasts (Belgium 2014-2020)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Belgium 2014-2019)
  Table: Oil Production (Belgium 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Belgium 2014-2019)
  Table: Refining Capacity and Refined Products Production (Belgium 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Belgium 2014-2019)
  Table: Refined Products Consumption (Belgium 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Belgium 2014-2019)
  Table: Gas Consumption (2020-2025)
Trade - Oil
Crude Oil
Latest Updates
Structural Trends
  Table: Crude Oil Net Exports (Belgium 2014-2019)
  Table: Crude Oil Net Exports (Belgium 2020-2025)
Refined Products
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Belgium 2014-2019)
  Table: Refined Fuels Net Exports (Belgium 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Belgium 2014-2019)
  Table: Gas Net Exports (Belgium 2020-2025)
Industry Risk Reward Index
North America And Western Europe Oil & Gas Risk/Reward Index
  Table: North America & Western Europe Oil & Gas Risk/Reward Index
Upstream Rankings: North America To Maintain The Lead
North America: US Unconventional Production Leads Decline
Western Europe Languishes In Maturing Assets
  Table: North America & Western Europe Upstream Risk/Reward Index, out of 100
Downstream Rankings: US Widens Its Lead
  Table: North America & Western Europe Downstream Risk/Reward Index
Belgium - Risk/Reward Index
Upstream RRI - Overview
Downstream RRI - Overview
Market Overview
Belgium Energy Market Overview
Overview/State Role
Licensing And Regulation
Government Policy
Oil And Gas Infrastructure
Oil Refineries
  Table: Refineries In Belgium
Service Stations
Oil Storage Facilities
Oil Terminals/Ports
Oil Pipelines
LNG Terminals
Gas Storage Facilities
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players - Belgium Oil & Gas Sector
  Table: Key Downstream Players
Company Profile
Latest Updates
  Table: Major Assets in Belgium
  Table: Key Financial Metrics, USDmn
Latest Updates
  Table: Major Assets In Belgium
  Table: Key Financial Data, USDmn
Regional Overview
North America And Western Europe Oil And Gas Regional Overview
  Table: North America - Key Regional Indicators, 2014-2025
  Table: Western Europe - Key Regional Indicators, 2014-2025
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
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