Research and Markets: Philippines Oil and Gas Report Q4 2010

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/37c4ba/philippines_oil_an) has announced the addition of the "Philippines Oil and Gas Report Q4 2010" report to their offering.

Business Monitor International's Philippines 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 the Philippines' oil and gas industry.

The latest Philippines Oil & Gas Report from BMI forecasts that the country will account for just 1.02% of Asia Pacific regional oil demand by 2014, while providing 0.75% of supply. Regional oil use of 21.42mn barrels per day (b/d) in 2001 is set to reach a forecast 27.15mn b/d in 2010, then to rise to around 30.21mn b/d by 2014. Regional oil production was around 8.35mn b/d in 2001 and is forecast to average an estimated 8.82mn b/d in 2010. It is set to increase only slightly to 8.89mn b/d by 2014. Oil imports are growing rapidly, because demand growth is outstripping the pace of supply expansion. In 2001 the region was importing an average of 13.07mn b/d. This total will rise to a projected 18.32mn b/d in 2010 and is forecast to reach 21.32mn b/d by 2014. The principal importers will be China, Japan, India and South Korea. By 2014 the only net exporter will be Malaysia.

In terms of natural gas, in 2010 the region will consume an estimated 496bn cubic metres (bcm) and demand of 625bcm is targeted for 2014. Production of a forecast 415bcm in 2010 should reach 522bcm in 2014, which implies net imports rising from around 81bcm to 104bcm. This is thanks to many Asian gas producers being major exporters. The Philippines estimated share of gas consumption in 2010 is 0.89%, while its share of production was 1.06%. By 2014, its share of gas consumption is forecast to be 0.85%, with the country accounting for 0.96% of supply. We continue to predict a 2010 OPEC basket oil price level of US$83.00/bbl. This equates to Brent at just under US$85.00, WTI at almost US$87.60, Urals averaging US$83.60 and Dubai at US$83.55. The 2011 OPEC assumption is US$85.00/bbl, rising to an average of around US$90.00 in 2012 and beyond. For the whole of 2010, we are currently assuming an average global jet fuel price of US$95.50/bbl, compared with around US$70.66 in 2009. The 2010 average global gasoil price, calculated by BMI, is US$92.67/bbl, against US$68.96 in 2009. The 2010 average naphtha price is estimated at US$83.09 compared with US$59.30/bbl in 2009. For global unleaded gasoline, BMI is now forecasting an average of US$95.66/bbl in 2010, up from around US$70.17/bbl in 2009.

Key Topics Covered:

  • Executive Summary
  • SWOT Analysis
  • Philippines Energy Market Overview
  • Global Oil Market Outlook
  • Regional Energy Market Overview
  • Business Environment Ratings
  • Business Environment
  • Industry Forecast Scenario
  • Long-Term Energy Outlook
  • Macroeconomic Outlook
  • Competitive Landscape
  • Company Monitor
  • Oil And Gas Outlook: Long-Term Forecasts
  • Glossary Of Terms
  • Methodology
  • Companies Mentioned

For more information visit http://www.researchandmarkets.com/research/37c4ba/philippines_oil_an

Contacts

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Contacts

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716