South Korea Oil & Gas Report Q2 2015 - New Market Research Report

South Korea will benefit from a lower oil price environment. Not only will its refiners gain some breathing space after years of poor refining margins, it also could see a lower import bill. Gas consumption is likely to trend downwards over our forecast period, owing to slower economic growth in the short-term, and a shift away from gas in the power sector in the longer term.

The key trends for South Korea's oil and gas sector are:

* South Korea's large refining sector will keep its crude oil import requirements high. It is also heavily exposed to the Middle East, given that the region supplies more than 80% of its crude oil needs.
* It will be more difficult for South Korea to diversify its crude import sources away from Middle East given the latter's willingness to offer competitive rates in exchange for market share.
* A lower oil price environment will provide short-term relief for refining margins in South Korea.
* Asia will remain its dominant export market for refined oil products. Flows to Western Europe will be supported by South Korea's free trade agreement (FTA) with the EU that allows it to compete with exports from the US.
* South Korea is expected to remain a large LNG importer. However, we forecast a slow decline in its gas import requirement...

Full Report Details at
- http://www.fastmr.com/prod/956876_south_korea_oil_gas_report_q2_2015.aspx?afid=301

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

Key Benefits

* Benchmark BMI's independent oil and gas industry forecasts for South Korea to test consensus views - a key input for successful budgeting and strategic business planning in the Korean oil and gas market.
* Target business opportunities and risks in the Korean oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in South Korea.
* 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.

Coverage

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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