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Chile Oil & Gas Report Q1 2014 - New Market Research Report


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2014-01-05 23:10:13 - Recently published research from Business Monitor International, "Chile Oil & Gas Report Q1 2014", is now available at Fast Market Research

Chile's small resource base makes the country heavily dependent upon imports to satisfy demand and promote economic growth. This will persist in spite of some long-term upside potential stemming from the country's shale gas prospects. In the meantime, imported liquefied natural gas will play a greater role in energy security.

The key trends and developments in the Chilean oil and gas sector are:

* In terms of domestic production, we forecast only modest growth. Crude and other liquids output will rise from an estimated 10,112 barrels per day (b/d) in 2013 to 10,961b/d by 2022. Meanwhile, gas output will only tick up from an estimated 1.15bcm in 2013 to 1.17 in 2017 and 1.20 in 2022.
* At the same time,

Chilean consumption of oil and natural gas will continue to increase, if at a slower rate. Namely, with the commodity boom of the prior decade coming to an end, the country is likely to face a slowdown in mining sector activity and real GDP growth. However, while the economic outlook is more moderate over the coming decade than between 2002 and 2012, we still expect the Chilean economy to perform relatively well, such that we forecast that oil use will rise from an estimated 363,369b/d in 2012 to 393,322b/d by 2017, growing to reach a forecasted 455,970b/d by 2022. We are also forecasting gas consumption rising from an estimated 5.0bcm in 2013 to 6.0bcm in 2017 and 7.7bcm by 2022. This will ensure a continued heavy feedstock import burden on the state-owned Empresa Nacional del Petroleo (ENAP).
* We believe that if Chile is to address the mismatch between supply and demand for hydrocarbons in the country, its best hope lies in exploration taking place in the Magallanes region in the south of the country. Indeed, the advent of technology capable of extracting oil and gas from shale formations has given Chile reason for optimism over the long term, with EIA estimates suggesting that the Magallanes region may contain up to 2.4bn barrels of technically recoverable shale oil and condensate and 1.36trn cubic metres of shale gas. Although we have not taken this into account in our forecasts as production is still in a nascent stage, it remains a significant upside risk in the long term. We believe OPEC basket oil prices will decrease from their average of US$105.03 per barrel (bbl) in 2013 to US$97.0/bbl in 2017. As a result, we see the country's oil and gas import bill rising only modestly (despite the pick-up in imports) from an estimated US$16.4bn in 2013 to US$16.8bn in 2017.

Full Report Details at
- www.fastmr.com/prod/759056_chile_oil_gas_report_q1_2014.aspx

Report Table of Contents:

BMI Industry View
SWOT
Industry Forecast
- Oil And Gas Reserves
- Table: Chile Proven Oil & Gas Reserves And Total Petroleum Data, 2011-2016
- Table: Chile Proven Oil & Gas Reserves And Total Petroleum Data, 2017-2022
- Oil Supply And Demand
- Table: Chile Oil Production And Net Exports, 2011-2016
- Table: Chile Oil Production And Net Exports, 2017-2022
- Table: GeoPark Holdings In Chile, Summary By Block
- Gas Supply And Demand
- Table: Chile Gas Production, Consumption And Net Exports, 2011-2016
- Table: Chile Gas Production, Consumption And Net Exports, 2017-2022
- Table: Chile Refining Production And Consumption, 2011-2016
- Table: Chile Refining Production And Consumption, 2017-2022
- Revenues/Import Costs
- Key Risks To BMI's Forecast Scenario
Industry Risk Reward Ratings
- Latin America - Risk/Reward Ratings
- Table: Latin America Oil & Gas Risk/Reward Ratings
- Upstream Little Movement For Now, But Reforms Could Be A Game Changer
- Table: Latin America Upstream Risk/Reward Ratings
- Downstream: Medium-Term Outlook Reinforces Current Dynamics
- Table: Latin America Downstream Risk/Reward Ratings
- Chile - Risk/Reward Ratings
Market Overview
- Chile Energy Market Overview
- Overview
- State Role
- Government Policy
- Licensing Rounds
- International Energy Relations
- Oil And Gas Infrastructure
- Oil Refineries
- Table: Refineries In Chile
- Service Stations
- Gas Pipelines
- LNG Terminals
- Table: LNG Terminals In Chile
Competitive Landscape
- Competitive Landscape Summary
- Table: Chile - Key Players
- Table: Chile - Key Upstream Players
- Table: Key Downstream Players
Company Profile
- Empresa Nacional del Petroleo (ENAP)
- Compania de Petroleos de Chile (Copec)
- Petrobras
- GeoPark Holdings
- Other Summaries
Regional Overview
- Latin America Overview
Global Industry Overview
- Global Energy Market Overview
Appendix
- Latin America - Regional Appendix
- Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d
- Table: Oil Consumption - Long Term Forecasts, 2015-2022 ('000b/d)
- Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
- Table: Oil Production - Long-Term Forecasts, 2015-2022 ('000b/d)
- Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
- Table: Refining Capacity - Long-Term Forecasts, 2015-2022 ('000b/d)
- Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
- Table: Gas Consumption - Long-Term Forecasts, 2015-2022 (bcm)
- Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
- Table: Gas Production - Long-Term Forecasts, 2015-2022 (bcm)
- Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
- Table: LNG Exports - Long-Term Forecasts, 2015-2022 (bcm)
Glossary
- Table: Glossary Of Terms
Methodology
- Industry Forecast Methodology
- Source
- Risk/Reward Ratings Methodology
- Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings
- Table: Weighting

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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