2014-02-07 21:35:04 - Belgium Oil and Gas Report Q1 2014 - a new market research report on companiesandmarkets.com
With no reserves of oil or gas, Belgium remains dependent upon imports while serving as an important downstream and distribution centre. While there was some upside from unconventional exploration targeting Belgium´s coal-bed methane potential, the potential exit of one key player in the sector could see efforts slow considerably. This will leave the country entirely dependent upon imports over the course of our forecast period, with the small scale of its resources unlikely to attract major investment despite the upside offered by existing infrastructure.
The main trends and developments in Belgium´s oil and gas sector are:
- Although we forecast both gas reserves and production to remain at zero, we highlight efforts by Dart Energy and NVM´s joint venture Limburg Gas that
will help to determine the feasibility of commercial recovery of coal-bed methane (CBM). The Flemish Institute of Technology estimates the Limburg area could contain 7bn cubic metres (bcm) worth of gas.
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