Hong Kong Oil and Gas Report Q4 2016

Date: September 3, 2016
Pages: 58
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: H36F2C355F6EN

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Includes 3 FREE quarterly updates

BMI View: Plans for a LNG import terminal will pose upside risk to Hong Kong's rising natural gas consumption. Increases in vehicle population and air traffic will sustain the uptrend in Hong Kong's refined fuels demand, although growth will remain stunted until 2016, due to a weaker economic outlook.

Latest Updates And Key Forecasts
  • CLP Power's plan to build Hong Kong's first LNG import terminal will complement the city's piped gas imports from mainland China, posing upside risks to our gas consumption forecast for Hong Kong.
  • The project will give the government flexibility to aggressively increase the share of natural gas in the energy mix in an economical way and also allow for supply diversification.
  • Offshore gas fields in the South China Sea - within the vicinity of Hainan Island and Yacheng - will remain a key supply source for Hong Kong. This is due to new gas discoveries and the option for producers to capitalise on existing infrastructure - specifically the Yacheng pipeline - to transport their new production to Hong Kong.
  • We have maintained our moderate forecast for Hong Kong's refined fuels consumption growth rate to average 3.3% per annum over the next 10 years. This is largely premised on our economic outlook and growing efficiencies in the transport sector. Risks to our refined products consumption outlook are increasingly to the downside given our Country Risk team's increasingly pessimistic outlook on economic growth in Hong Kong.
  • Over the longer term, policies that encourage purchase of cleaner and more fuel efficient vehicles will moderate the increase in refined fuel demand beyond 2020. For instance, the number of electric vehicles on the roads has grown exponentially due to financial incentives and rapid deployment of charging infrastructure.
BMI Industry View
  Table: Headline Forecasts (Hong Kong 2014-2020)
Latest Updates And Key Forecasts
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Upstream Production - Oil
  Table: Oil Production (Hong Kong 2014-2019)
  Table: Oil Production (Hong Kong 2020-2025)
Upstream Production - Gas
  Table: Gas Production (Hong Kong 2014-2019)
  Table: Gas Production (Hong Kong 2020-2025)
  Table: Refining Capacity and Refined Products Production (Hong Kong 2014-2019)
  Table: Refining Capacity and Refined Products Production (Hong Kong 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption* (Hong Kong 2014-2019)
  Table: Refined Products Consumption* (Hong Kong 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Existing And Proposed Fuel Mix
  Table: Gas Consumption (Hong Kong 2014-2019)
  Table: Gas Consumption (Hong Kong 2020-2025)
Trade - Oil
Crude Oil Trade Forecast
  Table: Crude Oil Net Exports (Hong Kong 2014-2020)
  Table: Crude Oil Net Exports (Hong Kong 2020-2025)
Refined Fuels Trade Forecast
  Table: Refined Fuels Net Exports (Hong Kong 2014-2019)
  Table: Refined Fuels Net Exports (Hong Kong 2020-2025)
Trade - Gas (Pipeline and LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Hong Kong 2014-2019)
  Table: Gas Net Exports (Hong Kong 2020-2025)
Industry Risk Reward Index
Industry Risk/Reward Index
  Table: Asia's Oil & Gas Risk/Reward Index
  Table: Asia: Upstream Risk/Reward Index
  Table: Asia: Downstream Risk/Reward Index
Hong Kong - Risk/Reward Index
Upstream Index
Downstream Index
Market Overview
Hong Kong Energy Market Overview
Regulatory Structure
  Table: Hong Kong - Key Taxes
Oil And Gas Infrastructure
Service Stations
Oil Storage And Terminals
Gas Pipelines
LNG Terminal
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players - Hong Kong Oil & Gas Sector
  Table: Key Downstream Players
Regional Overview
Asia - Positive Gas Output Growth In Conflict With Bearish Oil Outlook
  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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