DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/380864/papua_new_guinea_o) has announced the addition of the new "Papua New Guinea Oil and Gas Report Q3 2011" report to their offering.
Papua 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 Papua's oil and gas industry.
The latest Papua New Guinea Oil & Gas Report from BMI forecasts that the country will account for 0.14% of Asia Pacific regional oil demand by 2015, while providing 0.39% 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 of 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. Papua New Guinea's share of gas consumption in 2010 was an estimated 0.03%, while its share of production is put at 0.04%. By 2015, its share of gas consumption is forecast to be 0.03%, however the country will then account for nearly 6.5% of supply.
Key Topics Covered:
PNG Energy Market Overview
Oil Supply And Demand
Gas Supply And Demand
Business Environment Ratings
Industry Forecast Scenario
Oil And Gas Infrastructure
Competitive Landscape
Company Monitor
Oil And Gas Outlook: Long-Term Forecasts
Methodology
Companies Mentioned:
Oil Search
InterOil
Esso Highlands
Santos
Talisman Energy
Horizon Oil
Papua Petroleum
Blue Energy
Eaglewood Energy
For more information visit http://www.researchandmarkets.com/research/380864/papua_new_guinea_o