Philippines Oil and Gas Report Q2 2016

Date: April 6, 2016
Pages: 100
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: P90946F0357EN

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Philippines Oil and Gas Report Q2 2016
Includes 3 FREE quarterly updates

BMI View: The Philippines is set to remain a net importer of crude oil and refined products over the next 10 years, on account of insufficient production and rising demand. The introduction of Euro-IV fuels standard nationwide will increase demand for higher-quality fuels, such as gasoline, low-sulphur dieselб LPG and petrochemicals products. The impending start-up of Pagbilao LNG in 2016 will allow for the country to begin first LNG trade, paving the way for greater gas use in the power, industrial and residential sectors.

The main trends and developments we highlight for the Philippines' oil and gas sector are:
  • Despite delays, we remain positive towards Energy World Corporation's (EWC) Pagbilao LNG project (due to sufficient funding and feed gas) which remains on course to come online in 2016.
  • Natural declines at the aging Malampaya field will hit the Philippines' condensates and natural gas output, contributing to the weakening of overall hydrocarbon production.
  • Implementation of Euro-IV fuels standards nationwide from January 2016 will increase domestic supply of higher-quality fuels (gasoline, low-sulphur diesel, LPG & petrochemicals) at the expense of heavierб more-pollutive fuels.
  • The Philippines will remain a net importer of both crude oil and refined fuels, as falling domestic production lags rising consumption. Middle Eastern suppliers, led by Saudi Arabia, followed by UAEб Qatar as well as Iran, will remain the country's largest supplier of crude oil, while South Korea, Taiwan and Singapore will retain their positions as the largest providers of refined fuels.
BMI Industry View
  Table: Headline Forecasts (Philippines 2014-2020)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
  Table: Proven Oil and Gas Reserves (Philippines 2014-2019)
  Table: Proven Oil and Gas Reserves (Philippines 2020-2025)
Upstream Projects
  Table: Philippines - Key Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trend
  Table: Oil Production (Philippines 2014-2019)
  Table: Oil Production (Philippines 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Philippines 2014-2019)
  Table: Gas Production (Philippines 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Philippines 2014-2019)
  Table: Refining Capacity and Refined Products Production (Philippines 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption* (Philippines 2014-2019)
  Table: Refined Products Consumption* (Philippines 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Philippines 2014-2019)
  Table: Gas Consumption (Philippines 2020-2025)
Trade - Oil
Crude Oil Trade
Latest Updates
Structural Trends
  Table: Crude Oil Net Exports (Philippines 2014-2020)
  Table: Crude Oil Net Exports (Philippines 2020-2025)
Fuels Trade
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Philippines 2014-2019)
  Table: Refined Fuels Net Exports (Philippines 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
Supply Sources
  Table: Gas Net Exports (Philippines 2014-2019)
  Table: Gas Net Exports (Philippines 2020-2025)
Industry Risk Reward Ratings
Asia - Oil & Gas Risk/Reward Index
Upstream Risk/Reward Index: Persistent Oil Price Weakness Underpins Bearish Outlook
  Table: Asia: Upstream Risk/Reward Index
Downstream Risk/Reward Index: Projection For Weaker Economic Growth Undermines India's Scores
  Table: Asia: Downstream Risk/Reward Index
Philippines - Risk/Reward Index
Upstream Index - Overview
Upstream Index - Rewards
Upstream Index - Risks
Downstream Index - Overview
Market Overview
Philippines Energy Market Overview
Regulatory Regime
Licensing Rounds
  Table: PECR-5: Available Licences
Oil And Gas Infrastructure
Oil Refineries
  Table: Oil Refineries
Oil Storage Facilities
Service Stations
LNG Terminals
  Table: LNG Terminals In The Philippines
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players - Philippines Oil And Gas Sector
Company Profile
Philippine National Oil Company (PNOC)
Shell Philippines
Chevron Philippines
BCP Energy/Nido Petroleum
Other Summaries
Regional Overview
Industry Trend Analysis
  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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