Germany Oil & Gas Report Q3 2014 - New Study Released

From: Fast Market Research, Inc.
Published: Tue Jul 15 2014

We see only limited upside to the current bearish outlook for domestic oil and gas production in Germany. There are some areas of opportunity, including redevelopment of maturing sites, enhanced oil recovery and the upside from underexplored regions in East Germany. The largest source of upside risk is from unconventional gas development, and although hydraulic fracturing regulations are being drafted the sector remains mired in political and environmental uncertainty.

The main trends and developments in Germany's oil and gas sector are:

* New regulations governing the application of hydraulic fracturing are being drawn up by the German government, though we believe they will be sufficiently restrictive to hinder significant investment in shale gas production. This is largely due to inhibitive environmental regulations preventing drilling in prospective shale areas and the banning of some chemicals used in frac fluids, reducing the efficiency of recovery.
* Natural gas consumption in Germany continues to be put under pressure from a glut of cheap coal and generous renewable subsidies. Supporting gas demand will be greater utilisation of gas as transport fuel, the phasing out of nuclear and gas-fired power generation as a back-up to intermittent renewables. However, these upside factors will be kept in check by energy efficiency gains which have seen gas consumption fall since the early 2000s, ambitious subsidised renewable projects and government targets, as well as cheap and abundant coal.
* While we see limited upside to conventional gas production, which looks set to continue its downward trend, there is some upside to oil reserves and production from new investments by independents targeting enhanced oil recovery utilising new technologies to recover previously uneconomic reserves. We also see possible gains from exploration of the former East Germany and Bavaria, where a lack of investment had stymied production previously.
* Germany is also...

Full Report Details at

The Germany Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Germany including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Germany Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the German oil and gas industry.

Key Benefits

* Benchmark BMI's independent oil and gas industry forecasts for Germany to test consensus views - a key input for successful budgeting and strategic business planning in the German oil and gas market.

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