DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/c89a70/india_oil_and_gas) has announced the addition of the "India Oil and Gas Report Q3 2011" report to their offering.
Business Monitor International's India Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on India's oil and gas industry.
The latest India Oil & Gas Report from BMI forecasts that the country will account for 12.4% of Asia Pacific regional oil demand by 2015, while providing 11.2% of supply. Regional oil use of 20.6mn barrels per day (b/d) in 2001 reached an estimated 26.4mn b/d in 2010 and is forecast to rise to around 29.6mn b/d by 2015. Regional oil production was around 7.6mn b/d in 2001 and averaged an estimated 8.0mn b/d in 2010. It is set to increase to 8.2mn b/d by 2015. Oil imports are growing rapidly, because demand growth is outstripping the pace of supply expansion. In 2001, the region was importing an average 12.99mn b/d. This total rose to an estimated 18.37mn b/d in 2010 and is forecast to reach 21.3mn b/d by 2015. The principal importers will be China, Japan, India and South Korea. By 2015 the only net exporter will be Malaysia.
In terms of natural gas, in 2010 the region consumed around 511.5bn cubic metres (bcm) and demand of 653.9bcm is targeted for 2015. Production of an estimated 405.8bcm in 2010 should reach 556.7bcm in 2015, implying net imports falling from around 105.7bcm to 97.2bcm. India's share of gas consumption in 2010 was an estimated 10.9%, while its share of production is put at 11.1%. By 2015 its share of gas consumption is forecast to be 11.7%, with the country accounting for 13.1% of supply.
Global GDP growth in 2011 is forecast at 3.6%, down from 4.3% in 2010. Growth in both the US and Eurozone should be marginally higher than last year, while Chinese economic expansion will slow and Japan's growth will slump to 0.7% as a result of the devastating earthquake and tsunami in March 2011. Our oil price forecast for 2011 is US$98.90/bbl for the OPEC Basket, giving Brent at US$103/bbl and West Texas Intermediate (WTI) at US$92.30, although these differentials are subject to change.
Read more inside India Oil and Gas Report Q3 2011
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- India Energy Market Overview
- Composite Scores
- Business Environment
- Industry Forecast Scenario
- Long-Term Energy Outlook
- Competitive Landscape
- Company Monitor
- Oil And Gas Outlook: Long-Term Forecasts
- Glossary Of Terms
- Business Environment Ratings Methodology
- BMI Forecast Modelling
Companies Mentioned:
- Oil & Natural Gas Corporation (ONGC)
- Indian Oil Corporation (IOC)
- Reliance Industries
- Oil India Ltd (OIL)
- Hindustan Petroleum Corporation Ltd (HPCL)
- Bharat Petroleum Corporation Ltd (BPCL)
- GAIL (India)
- Cairn India
- Essar Oil
- Gujarat State Petroleum Corporation
- Petronet LNG
For more information visit http://www.researchandmarkets.com/research/c89a70/india_oil_and_gas