Newly released market study: Saudi Arabia Oil & Gas Report Q2 2016

From: Fast Market Research, Inc.
Published: Tue Mar 29 2016


Saudi Arabia will maintain its crude production broadly flat in 2016. However, longer-term production will rise, to answer growing demand from the domestic power and downstream sectors. The kingdom is increasingly targeting its exploration and development spending towards its non-associated gas resources. Saudi Arabia has vast unconventional gas resources, but the pace of production will be slowed by low state-set gas prices and limited foreign participation in the sector. The consumption outlook is positive for both oil and gas. However, we have revised down our refined fuels consumption forecasts in response to an accelerated subsidy reform programme.

Latest Updates & Key Trends

Saudi output will remain broadly flat in 2016, before resuming a gentle upward trend from 2017.

However, we forecast exports to remain flat as new refining capacity is brought online, absorbing forecast production growth.

In order to support exports, the kingdom has looked to increase the role of gas in the domestic power and industrial sectors. However, domestic gas consumption remains heavily capped due to limited production growth.

Full Report Details at
- http://www.fastmr.com/prod/1132697_saudi_arabia_oil_gas_report.aspx?afid=301

In spite of Saudi Arabia's heavy focus on unconventional and onshore non-associated gas resources, we expect slow progress in developing these prospects. Domestic production will likely remain insufficient to meet unrestrained demand.

Despite inadequate domestic supply, proposals to import LNG will face major roadblocks, due to concerns over the loss of the kingdom's energy self sufficient status, low domestic gas prices and risks to domestic gas development.

The pace of energy demand growth will begin to slow, as a more ambitious subsidy reform programme begins to take effect.

The Saudi Arabia Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Saudi Arabia 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 Saudi Arabia Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Saudi oil and gas industry.

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

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Uzbekistan Oil & Gas Report Q2 2016
- Poland Oil & Gas Report Q2 2016
- Vanguard Natural Resources, LLC Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015
- Hungary Oil & Gas Report Q2 2016
- Denmark Oil & Gas Report Q2 2016

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »