Kazakhstan Oil and Gas Report Q4 2016

Date: August 31, 2016
Pages: 80
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: K24179ECD61EN

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Includes 3 FREE quarterly updates

BMI View: We maintain a positive outlook for Kazakhstan's oil production, thanks to huge underground potential and the delayed Kashagan field expected to come online by 2017, with the Tengiz project forecast to start production in 2022. Our forecasts for gas and refined products consumption remain subdued for 2016 due to economic headwinds facing Kazakhstan; however, we expect an uptick in growth from 2017 onwards as the macros become more favourable.

Key developments in Kazakhstan's oil & gas industry:
  • We have altered our gas forecasts for Kazakhstan based on revised historical data. While our consumption figure remains the same, we have revised up our natural gas production and gas exports for 2015. Going forward we believe that Kazakhstan's gas production will be limited by the crowded regional market and a lack of domestic consumption. This is despite the Kazakhstan's gross production being significantly higher that commercialised production and it holding considerable gas reserves.
  • Total foreign investment into Kazakhstan's oil and gas exploration was USD1.51bn in Q116 according to the National Bank of Kazakhstan.
  • Chevron announced in July that its Tengiz expansion program should receive first oil by 2022, adding an additional 260,000 b/d. The project will raise Tengizchevroil''s production, of which Chevron has a 50% stake, to approximately 1 million b/d, as the company extends the production plateau using enhanced oil recovery techniques.
BMI Industry View
  Table: Headline Forecasts (Kazakhstan 2014-2020)
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Upstream Projects
  Table: Kazakhstan Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Kazakhstan 2014-2019)
  Table: Oil Production (Kazakhstan 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Kazakhstan 2014-2019)
  Table: Gas Production (Kazakhstan 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Kazakhstan 2014-2019)
  Table: Refining Capacity and Refined Products Production (Kazakhstan 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption* (Kazakhstan 2014-2019)
  Table: Refined Products Consumption* (Kazakhstan 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Kazakhstan 2014-2019)
  Table: Gas Consumption (Kazakhstan 2020-2025)
Trade - Oil
Crude Oil Trade Outlook
Latest Updates
Structural Trends
  Table: Crude Oil Net Exports (Kazakhstan 2014-2020)
  Table: Crude Oil Net Exports (Kazakhstan 2020-2025)
Refined Fuels Trade Outlook
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Kazakhstan 2014-2019)
  Table: Refined Fuels Net Exports (Kazakhstan 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Kazakhstan 2014-2019)
  Table: Gas Net Exports (Kazakhstan 2020-2025)
Industry Risk Reward Ratings
Central And Eastern Europe Oil & Gas Risk/Reward Index
  Table: CEE: High Risk, Low Reward
  Table: CEE Upstream, Downstream And Overall Risk/Reward Indices
  Table: CEE Upstream Risk/Reward Index
Downstream: Turkish STAR Only Bright Spot In Weak Market
  Table: CEE Downstream Risk/Reward Index
Kazakhstan - Risk/Reward Index
Upstream Index - Rewards
Upstream Index - Risks
Downstream Index - Rewards
Downstream Index - Risks
Market Overview
Kazakhstan Energy Market Overview
Regulatory Structure
Fiscal Regime
  Table: Kazakhstan Fiscal Regime
Licensing Regime
  Table: Kazakhstan Licensing Regime
Oil & Gas Infrastructure
Oil Refineries
  Table: Major Refineries In Kazakhstan
Oil Terminals/Ports
Oil Pipelines
Gas Storage Facilities
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
Company Profile
Latest Updates
  Table: Key Assets
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
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