New market study, "Belgium Oil & Gas Report Q2 2016", has been published


Recently published research from Business Monitor International, "Belgium Oil & Gas Report Q2 2016", is now available at Fast Market Research



[ClickPress, Thu Mar 31 2016] With no upstream prospects, Belgium will remain heavily reliant on imported supplies of both liquids and gas. Natural gas consumption will be weak due growing nuclear and renewable generation in the power sector. Meanwhile, the refining sector will perform well as efficiency improvements and low oil prices increase the competitiveness of its downstream facilities.

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

The 10-year extension of the Doel 1 and 2 nuclear reactors in 2015 will maintain the strong position of nuclear in the power sector. The restart of Doel 3 and Tihange 2 reactors in December will limit gas consumption growth over the next 10 years.

Full Report Details at
- http://www.fastmr.com/prod/1130873_belgium_oil_gas_report_q2.aspx?afid=301

Low oil prices and high refining margins has seen greater throughput at Belgium's three Antwerp refineries in H214 and H115. We caution that narrowing refining margins will weigh on this over the coming year.

In May 2015, Yamal LNG signed a contract with Fluxys LNG of Belgium to use the facility at Zeebrugge as a transhipment hub. A 5th storage tank and new loading and unloading capacity will be added.

LNG imports increased marginally through Q315 on the back of lower prices, though the restart of the nuclear facilities reduced this considerably by the end of the year. We expect this trend will remain in place over 2016, with Belgium's LNG terminals utilised well below capacity.

Re-exports of LNG have dried up as arbitrage opportunities to send LNG into Asian have eroded with converging regional prices.

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

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

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