New Market Research Report: China Oil & Gas Report Q3 2014

While China is increasingly dependent on energy imports - particularly gas - owing to rapid growth in its energy demand, there are considerable investment opportunities in its upstream segment. Concerted efforts by the government to improve the economics of gas production and conditions for private investment have allowed for some opening for greater private and foreign involvement. However, expansion opportunities in the downstream look to be increasingly limited as the government restrict s new short-term investments to battle both the problems of a potential overcapacity in the market, and the country's environmental problems.

Full Report Details at
- http://www.fastmr.com/prod/852021_china_oil_gas_report_q3_2014.aspx?afid=301

The main trends and developments we highlight for China's oil and gas sector are:

* Much of the China's crude oil production upside will come from increased output from fields yet to reach peak capacity, while enhanced oil recovery (EOR) measures will also help to maintain production levels at older fields. We expect Chinese production (less refining gains) to rise over the next few years, peaking at 4.4mn barrels per day (b/d) in 2017 before declining to 4.2mn b/d by 2023.
* We expect refining growth to flatten out towards the end of our 10-year forecast period in 2023 especially as environmental pressures put a halt to further newbuild projects. In the next five years, refining capacity will rise from the completion of upgrades and newbuild projects to reach 13.8mn b/d in 2018 from the current 11.7mn b/d. Further expansion will be limited.
* Weaker global economic growth, higher fuel prices and energy efficiency will contribute to slower oil consumption growth. Although we expect oil consumption to continue rising from 10.7mn b/d in 2013 to 11.8mn b/d in 2018 and 12.8mn b/d by 2023, it will be at a slower rate of growth of about 2% per annum in the next 10 years. The shift towards a more consumer-driven growth in China over the investment-intensive model it had pursued will also change the composition of oil products...

The China Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for China 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 China Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Chinese oil and gas industry.

Key Benefits

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

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