| Market Research A to Z | Company Profiles A to Z | Register | Contact Us |
| +44 (0) 203 086 8600 Call us on |
France Oil and Gas Report Q3 2012
Market |
Energy and Utilities |
Report Type |
Market Research |
Country |
France |
Published |
10 July 2012 |
Number of Pages |
71 |
Download |
|
Immediate |
|
Publisher |
Business Monitor International |
File Format |
Discount Offer. Buy 2 Business Monitor Reports and Get 10% off
Discount Offer. Buy 3 Business Monitor Reports and Get 15% off
Discount Offer. Buy 4 Business Monitor Reports and Get 20% off
Discount Offer. Buy 5 Business Monitor Reports and Get 25% off
Discount offer Buy 6 Business Monitor Reports and Get 30% off
Discount Offer. Buy 7-20 Business Monitor Reports and Get 35% off
Discount Offer Buy 21 Business Monitor Reports (or more) and Get 40% off
Discounted price shows in basket.
Reduced reliance on nuclear energy in France leaves opportunities for gas
Growth prospects are uncertain and the outlook for refiners and fuel distributors remains poor. The main trends and developments in the French oil & gas sector are:
- LyondellBasell has initiated a programme to mothball its Berre refinery in south-eastern France, reports Reuters, citing a company spokesperson. The refinery has a capacity of 105,000 barrels per day (b/d). Three companies have apparently shown interest in buying the French Petit- Couronne refinery, formerly owned by Petroplus, with the deadline having been extended until the end of May 2012. The plant was put under judicial protection in January 2012.
- Gas demand is expected to rise more quickly than oil demand, with new sources of supply being lined up by GdF Suez, which has signed import agreements with Egypt in addition to those already signed with Russia, Norway, Algeria and the Netherlands. Gas consumption is forecast to reach 51.8bn cubic metres (bcm) in 2016, climbing further to 56.8bcm by 2021, subject to revisions in French energy policy. Gas production is negligible, meaning that imports could rise significantly to a high of around 56.3bcm by the end of our 10-year forecast period, in 2021.
- In May 2011, EdF and Total confirmed that they would proceed with the US$2.2bn Nord-Pasde- Calais Liquefied Natural Gas (LNG) project at Dunkirk, which is expected to add between 10bcm and 13bcm of import capacity when it comes onstream. There are also plans to expand capacity at the Montoir-de-Bretagne terminal to 16.5bcm by 2014.
- Thanks to improved energy efficiency and efforts to reduce oil dependency, oil demand is now expected to remain mostly flat over our 10-year forecast period to 2021. We forecast oil consumption to reach 1.89mn b/d by 2016, edging higher to just over 2.00mn b/d in 2021. Crude oil imports are expected to reach almost 1.95mn b/d in 2021.
- Crude oil imports will cost an estimated US$70.8bn in 2012, falling to US$66.1bn in 2016. With virtually no domestic gas supply, we expect French gas imports of 51.8bcm in 2016, costing US$25.2bn. Combined crude oil and gas imports are expected to cost France US$91.3bn by 2016. At the time of writing, we forecast an OPEC basket oil price for 2012 of US$111.47 per barrel (bbl), falling to US$107.00/bbl in 2013. The assumptions for 2016 and 2021 are US$99.00 and US$97.00/bbl, respectively.
The price of this market report covers 4 quarterly reports on this sector. This quarterly report will be downloadable instantly as a PDF document, with the 3 remaining reports delivered at regular intervals throughout the year.
Visitor Comments
|
All posts are pre-moderated and must obey the house rules. |
|
Energy and Utilities Company Profiles
Find latest Energy and Utilities Company Profiles with up to date financial, strategic, operational, SWOT analysis and product information for the leading energy and utilities companies.
Competitor Tracking
Do you need to track your competitors and customers on a continuous basis? We have the expertise to provide you with a cost-effective, fully customised competitor tracking portal, which collates data on your competitors on a continuous basis. Contact us for a free consultation and demonstration.
Become an Affiliate
Do you manage an industry specific website or blog? Are you looking to monetise your web traffic further? Are you a B2B website?
Why not offer your visitors industry specific strategic market reports and company profiles? Our Affiliate Program enables you to provide quality content on your website and to earn money from passing on visitors to our website.
Custom Research
Cannot find what you need? We can tailor a report for you. Complete the Custom Research Form and we will provide a quote.
News
Enhanced oil recovery market to see production of 3 million barrels per day in 2013
€1 trillion investment required to avoid an EU energy network crisis
Coalbed methane sector to be worth $5.3 billion by the end of 2013
Global BTG industry aided by China’s reliance on fossil fuels
Indian shale gas sector to be driven by environmental and social concerns
Market Insights
Philippines Renewable Energy Market Insight
Turkey's Renewable Energy Market
