Market Report, "Greece Oil & Gas Report Q4 2014", published

From: Fast Market Research, Inc.
Published: Mon Oct 27 2014

Greek hydrocarbons production is forecast to decline by 0.6% in 2015 while consumption will go up by 1.3% , leaving a net shortfall of 356,000boe/d that needs to be imported.

Greece is slowly getting the message that deeds speak louder than words in the upstream sector, with government plans to reduce income taxes to induce oil and gas exploration. However, Greece still needs to accelerate the completion of the regulatory and governance structures that international investors seek in order to move ahead with its ambitions to attract major exploration interest in its offshore waters. Even those within the small Greek oil and gas exploration community are calling for politicians to temper rhetoric of untold riches and concentrate on logic and data and the creation of an internationally recognised governance model.

Full Report Details at

While the long-delayed awarding of offshore parcels in the Ionian Sea has finally made it through parliament, and the nebulous arrangements of the Katakolo licence suggest modest signs of progress, Greece still needs to fully codify and properly staff its hydrocarbons supervisory and management agency (EDEY AE), before it can expect even a small queue of international oil companies (IOCs) to be lining up at its door. Its proactive step to conduct extensive 2D seismic and provide it...

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

Key Benefits

* Benchmark BMI's independent oil and gas industry forecasts for Greece to test consensus views - a key input for successful budgeting and strategic business planning in the Greek oil and gas market.
* Target business opportunities and risks in the Greek oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Greece.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.


BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

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