Croatia Oil and Gas Report Q3 2016

Date: June 15, 2016
Pages: 69
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: CB22861701DEN

Download PDF Leaflet

Includes 3 FREE quarterly updates

BMI View: Croatia announced an indefinite delay to offshore oil exploration, a move which reinforces the already bearish outlook for reserves and production. A delay in the signing of contracts for onshore exploration, which the government has said it continues to support, further underscores the regulatory uncertainty facing upstream investors. The outlook for a proposed liquefied natural gas (LNG) terminal remains positive; a decision on it is likely in 2016.

The main trends and developments in Croatia's oil and gas sector are:
  • Oil and gas agency CHA announced in April an indefinite delay to the award of outstanding offshore blocks. The decision highlights political and environmental opposition to offshore oil and gas exploration in the Adriatic. The prospects for offshore drilling in the near term are remote and the moratorium will weigh on the long-term outlook for liquids reserves and production.
  • The government has signalled it could support offshore exploration for gas, though a lack of regulatory clarity remains a concern. Bidders in Croatia's only offshore drilling round in 2015 also indicated a preference for gas- rather than oil-prone acreage, suggesting it may be more difficult to attract investment with a ban on exploration for liquids offshore.
  • Croatian officials have indicated strong backing for a LNG at Krk, with a final investment decision on the project possible at some point in 2016. We have included the terminal in our forecasts given support from both Croatia and the EU, though we note reports from April suggest the a floating LNG rather than onshore plant as initially thought may be developed.
  • The government has signalled it wants to revive negotiations with Hungarian energy group MOL on Croatian oil and gas company INA. Tensions between the government and MOL have led to uncertainty over the future of Croatia's two refineries. No talks have been held for two years and the government had, as of April, yet to appoint a team to lead the discussions, though an easing of tensions between the two parties could provide clarity as to the long-term outlook for Croatia's downstream sector.
BMI Industry View
  Table: Headline Forecasts (Croatia 2014-2020)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
  Table: Proven Oil and Gas Reserves (Croatia 2014-2019)
  Table: Proven Oil and Gas Reserves (Croatia 2020-2025)
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Croatia 2014-2019)
  Table: Oil Production (Croatia 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Croatia 2014-2019)
  Table: Gas Production (Croatia 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Croatia 2014-2019)
  Table: Refining Capacity and Refined Products Production (Croatia 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption* (Croatia 2014-2019)
  Table: Refined Products Consumption* (Croatia 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Croatia 2014-2019)
  Table: Gas Consumption (Croatia 2020-2025)
Trade - Oil
Latest Updates
Structural Trends
Crude Oil
  Table: Crude Oil Net Exports (Croatia 2014-2020)
  Table: Crude Oil Net Exports (Croatia 2020-2025)
Fuels Trade
  Table: Refined Fuels Net Exports (Croatia 2014-2019)
  Table: Refined Fuels Net Exports (Croatia 2020-2025)
  Table: Total Net Oil Exports - Crude and Products (Croatia 2014-2019)
  Table: Total Net Oil Exports - Crude and Products (Croatia 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Updates
  Table: Gas Net Exports (Croatia 2014-2019)
  Table: Gas Net Exports (Croatia 2020-2025)
Industry Risk Reward Index
Central And Eastern Europe Oil & Gas Risk/Reward Index
  Table: CEE: High Risk, Low Reward
  Table: CEE Upstream, Downstream And Overall Risk/Reward Index
Upstream: China Still The Target Market
  Table: CEE Upstream Risk/Reward Index
Downstream: Turkish STAR Only Bright Spot In Weak Market
  Table: CEE Downstream Risk/Reward Index
Croatia - Risk/Reward Index
Market Overview
Croatia Energy Market Overview
Regulatory Structure
Fiscal Regime
  Table: Croatia - Upstream Tax Regime
Licensing Regime
  Table: Croatia - Contracts and Licensing Regime
Licensing Rounds
Oil And Gas Infrastructure
Oil Refineries
  Table: Oil Refineries In Croatia
Oil Storage Facilities
Oil Terminals/Ports
  Table: Croatia Oil Terminals & Ports
  Table: Existing And Planned LNG Terminals
  Table: Croatia - Gas Storage Terminal
Gas Pipeline
  Table: Croatia - Natural Gas Pipeline
Crude Oil Pipelines
  Table: Croatia - Crude Oil Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players In Croatian Energy Sector
  Table: Key Upstream Players
  Table: Key Downstream Players
Regional Overview
Central And Eastern Europe Oil & Gas Regional Overview
Oil Production: Oil Powerhouses Falter On Weak Prices
Oil Consumption: Short-Term Weakness As Russia Struggles
Refining Capacity: Modernisation Key To Competing
Natural Gas Production: Gas Ramp-Up Demand Dependent
  Table: Central Asia-China Gas Pipeline Expansions
Gas Consumption: Demand Falters On Struggling Economies
  Table: Central & Eastern Europe Oil & Gas Production & Consumption, Refining Capacity & Trade
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
Skip to top

Croatia Oil and Gas Report Q4 2016 US$ 1,295.00 Sep, 2016 · 69 pages
Croatia Oil and Gas Report Q1 2016 US$ 1,295.00 Dec, 2015 · 82 pages
Oil & Gas in Hungary US$ 350.00 Jul, 2010 · 49 pages
Oil & Gas in Italy US$ 350.00 Jan, 2016 · 41 pages
Oil & Gas in Japan US$ 350.00 Jan, 2016 · 42 pages

Ask Your Question

Croatia Oil and Gas Report Q3 2016
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: