DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bedbae/denmark_oil_and_ga) has announced the addition of the "Denmark Oil and Gas Report Q4 2011" report to their offering.
The latest Denmark Oil & Gas Report from BMI forecasts that the country will account for 1.34% of regional oil consumption by 2015, while accounting for 5.33% of supply. In Developed Europe, overall regional oil demand will be an estimated 12.71mn barrels per day (b/d) in 2011 and is set to reach 13.17mn b/d by 2015. Developed Europe regional oil production will have been an estimated 3.83mn b/d in 2011, falling potentially to just 3.34mn b/d in 2015. Regional net imports are set to rise from an estimated 8.88mn b/d in 2011 to 9.83mn b/d by the end of the forecast period. Norway will remain the only major net exporter, with the UK a growing net importer.
In terms of natural gas, the Developed Europe region will have consumed an estimated 457bn cubic metres (bcm) in 2011, with demand of 498bcm targeted for 2015, representing 9.0% growth. Production of an estimated 238cm in 2011 is set to rise to 248bcm in 2015, which implies net imports rising from the estimated 2011 level of 219bcm to some 250bcm by the end of the period. The Danish share of gas consumption in 2011 will have been an estimated 0.97%, while it will have accounted for 2.90% of production. By 2015, its share of gas consumption is forecast to be 0.93%, while its share of production will stand at 2.86%.
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 be 1.65%, reflecting the devastating earthquake and tsunami in March 2011. Our oil price assumption for 2011 is US$101.90/bbl for the OPEC basket, falling to US$97.50/bbl in 2012.
There is a partly privatised energy sector, with government majority ownership of the key company DONG Energy. Denmark has a mature and competitive upstream oil and gas segment, featuring national and international companies. The downstream oil segment is small, open to competition and deregulated.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Oil Supply And Demand
- Gas Supply And Demand
- Oil And Gas Reserves
- Key Risks To BMI's Forecast Scenario
- Long-Term Oil And Gas Outlook
- Macroeconomic Outlook
- Executive Summary
- Company Monitor
- Oil And Gas Outlook: Long-Term Forecasts
- Methodology And Risks To Forecasts
- BMI Methodology
For more information visit http://www.researchandmarkets.com/research/bedbae/denmark_oil_and_ga