Russia Oil and Gas Report Q1 2016

Date: November 4, 2015
Pages: 167
US$ 1,295.00
Report type: Strategic Report
Delivery: Download
ID: R5B9118DC62EN

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Includes 3 FREE quarterly updates

BMI View: Lower oil prices have forced the Russian government to alter MET on gas and export duties to raise extra revenue. Sanctions are causing delays to downstream modernisation programmes. Crude oil production will increase in 2015 though dip to 2018; gas production will recover.

The main trends and developments we highlight for Russia's oil & gas sector are:
  • Oil export duty will be frozen in 2016 instead of falling as planned. This will generate around RUB200bn (USD3.3bn) in revenue for the government, though put drilling programmes at risk.
  • Mineral extraction tax (MET) for non-liquefied gas exporters (or Gazprom) will increase in 2016, generating around RUB100bn (USD1.62bn) for the government.
  • The implementation of Euro-V fuels standards at Russian refineries has been delayed by 6 months to allow Rosneft sufficient time to complete its modernisation projects.
BMI Industry View
  Table: Headline Forecasts (Russia 2013-2019)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
  Table: Proven Oil and Gas Reserves (Russia 2013-2018)
  Table: Proven Oil and Gas Reserves (Russia 2019-2024)
Upstream Projects
  Table: Russia Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Russia Oil Commitments To China
  Table: Oil Production (Russia 2013-2018)
  Table: Oil Production (Russia 2019-2024)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Russia 2013-2018)
  Table: Gas Production (Russia 2019-2024)
Latest Updates
Structural Trends
  Table: Major Refinery Upgrades Planned And Underdevelopment
Export Duty Freeze To Reduce Refining Runs
  Table: Crude And Fuel Export Duty Changes Now Frozen At 2015 Levels
  Table: Refining Capacity and Refined Products Production (Russia 2013-2018)
  Table: Refining Capacity and Refined Products Production (Russia 2019-2024)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Russia 2013-2018)
  Table: Refined Products Consumption (Russia 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Russia 2013-2018)
  Table: Gas Consumption (Russia 2019-2024)
Trade - Oil
Crude Oil Trade
Latest Updates
Structural Trends
Pivot To The East
  Table: Russia - Oil Commitments To China
  Table: Crude Oil Net Exports (Russia 2013-2019)
  Table: Crude Oil Net Exports (Russia 2019-2024)
Refined Products Trade
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Russia 2013-2018)
  Table: Refined Fuels Net Exports (Russia 2019-2024)
Trade - Gas (Pipeline And LNG)
Latest Updates
Change In Trade Patterns Ahead
Upside Risks To Gas Export Forecasts
  Table: Gas Net Exports (Russia 2013-2018)
  Table: Gas Net Exports (Russia 2019-2024)
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
Russia Risk/Reward Index
Russia Upstream Index - Rewards
Russia Upstream Index - Risks
Russia Downstream Index - Overview
Market Overview
Russia Energy Market Overview
Regulatory Structure
Fiscal Regime
  Table: Export Duty
Licensing Regime
Oil & Gas Infrastructure
Oil Refineries
  Table: Major Refineries - Russia
  Table: Russian Refinery Upgrades
Oil Terminals/Ports
  Table: Russian Oil Ports
Gas Processing Plants
LNG Liquefaction Terminals
  Table: Current And Proposed LNG Terminals
LNG Import Terminal
Planned Oil & Gas Pipelines
  Table: Major Proposed International Pipelines
Competitive Landscape
  Table: Key Domestic And Foreign Companies In The Russian Oil & Gas Sector
  Table: Key Upstream Players
  Table: Key Downstream Players
Company Profile
Gazprom Neft
Imperial Energy/ONGC
Other Summaries
Regional Overview
Central And Eastern Europe Oil & Gas Regional Overview
Oil Production: Caspian Remains Centre Of Growth
Oil Consumption: Fuels Demand Gradually Strengthening
Refining Capacity: Modernisation Over Capacity Additions
Natural Gas Production: Gas Ramp-Up To Feed Red Dragon
  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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