2013-02-03 08:33:27 - Recently published research from Business Monitor International, "Taiwan Oil & Gas Report Q1 2013", is now available at Fast Market Research

BMI View: Refinery expansion plans have been thrown into turmoil due to political intervention and Taiwan may not see a new plant built within the next decade. Meanwhile, a growing appetite for imported gas has created a need for fresh LNG purchase schemes, with Australian and Qatari volumes on the rise and Papua New Guinea set to become a new source of supply.

The main trends and developments we highlight in the Taiwanese Oil and Gas sector are:

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In January 2012, Ichthys LNG signed a legally binding sales and purchase agreement (SPA) with Taiwan's state-owned CPC. Taiwan will take delivery of liquefied natural gas (LNG) from the Ichthys LNG project offshore Western Australia. Under the terms of the 15-year

agreement, Ichthys LNG will sell 1.75mn tonnes per annum (tpa) to Taiwan from 2017. This equates to 2.4bn cubic metres (bcm) of gas a year. CPC is taking a 5% stake in Royal Dutch Shell's Prelude LNG project in Australia. CPC has agreed to buy 2mn tpa (2.7bcm) of LNG from Shell for 20 years, from 2016.
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Australia's Woodside Petroleum has let lapse a US$45bn gas supply deal for the West Australian Browse LNG Project. The 2007 agreement with CPC expired in late June 2012 after both parties consented. The now-defunct deal would have seen supply of as much as 3mn tpa of gas supplied annually for 20 years.
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Taiwan's gas-fired power generation capacity will increase 67% by 2030, Minister of Economic Affairs Shih Yen-shiang said in October 2011. This rise in capacity will be a major driver of the strong and sustained gas demand growth trend. Taiwanese demand should be around 17.9bn cubic metres (bcm) by 2016. BMI forecasts a gradual rise in Taiwanese LNG imports throughout the decade, with volumes increasing from an estimated 16.0bcm in 2013 to 18.1bcm in 2017, and to 19.6bcm by 2021.
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Given large industrial demand, which is inherent in the energy equation, consumption of oil and power is expected to move broadly in line with the GDP trend. Taiwan's domestic crude oil production is expected to be less than 700 barrels per day (b/d) in 2012, meaning virtually all of the country's oil is imported. Our forecasts for crude oil consumption are for an increase from an estimated 1.08mn b/d in 2013 to around 1.19mn b/d by 2017, and to 1.31mn b/d by 2021.
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For 2013, Taiwan's oil and gas import bill is forecast by BMI at US$47.3bn, assuming an OPEC basket oil price of US$99.1 per barrel (bbl). By 2017, and assuming an oil price of US$93.3/bbl, combined oil and gas costs are put at US$49.6bn, rising to US$53.3bn by 2021, when the oil price assumption is US$91.50/bbl.


Full Report Details at
- www.fastmr.com/prod/529511_taiwan_oil_gas_report_q1_2013.aspx


Partial Table of Contents:

SWOT Analysis
- Taiwan Oil & Gas SWOT
Industry Forecast Scenario
- Table: Taiwan Proven Oil and Gas Reserves and Total Petroleum Data, 2010-2016
- Table: Taiwan Proven Oil and Gas Reserves and Total Petroleum Data, 2015-2021
- Table: Taiwan Oil Production, Consumption and Net Exports, 2010-2016
- Table: Taiwan Oil Production, Consumption and Net Exports, 2015-2021
- Table: Taiwan Gas Production, Consumption and Net Exports, 2010-2016
- Table: Taiwan Gas Production, Consumption and Net Exports, 2015-2021
- Table: Taiwan Refining - Production and Consumption, 2010-2016
- Table: Taiwan Refining - Production and Consumption, 2015-2021
- Oil And Gas Reserves
- Oil Supply And Demand
- Gas Supply And Demand
- LNG
- Refining And Oil Products Trade
- Revenues/Import Costs
- Key Risks To BMI's Forecast Scenario
Oil And Gas Infrastructure
- Oil Refineries
- Table: Refineries In Taiwan
- Service Stations
- Oil Storage
- LNG Terminals
- Gas Pipelines
Country Oil & Gas Risk/Reward Ratings
- Taiwan Upstream Rating - Overview
- Taiwan Upstream Rating - Rewards
- Taiwan Upstream Rating - Risks
- Taiwan Downstream Rating - Overview
Regional Risk/Reward Rating
- Table: Asia's Oil & Gas Risk/Rewards Ratings
- Table: Asia Upstream Risk/Reward Ratings
- Table: Asia Downstream Risk/Reward Ratings
Taiwan Energy Market Overview
Competitive Landscape
- Executive Summary
- Table: Key Players - Taiwan Oil & Gas Sector
- Overview/State Role
- Government Policy
- Table: Key Upstream Player
- Table: Key Downstream Players
Company Profiles
- CPC Corporation
- Formosa Petrochemical Corporation (FPCC)
- NPC - Summary
- Royal Dutch Shell - Summary
- ExxonMobil - Summary
- Others - Summary
Regional Energy Market Outlook
- Table: Number Of Rigs In Operation In Asia
Global Energy Market Outlook
- Table: Global Oil Demand Forecasts - A Comparison
Asia - Regional Appendix
- Table: Oil Consumption - Historical Data & Forecasts, 2009-2016 ('000b/d)
- Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d)
- Table: Oil Production - Historical Data & Forecasts, 2009-2016 ('000b/d)
- Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d)
- Table: Refining Capacity - Historical Data & Forecasts, 2009-2016 ('000b/d)
- Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d)
- Table: Gas Production - Historical Data & Forecasts, 2009-2016 (bcm)
- Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)
- Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm)
- Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm)
- Table: LNG Exports - Historical Data & Forecasts, 2009-2016 (bcm)
- Table: Net LNG Exports - Long-Term Forecasts, 2014-2021 (bcm)
Methodology And Risks To Forecasts
Glossary Of Terms
- Table: Glossary Of Terms
Oil And Gas Risk/Reward Ratings Methodology
- Ratings Overview
- Table: BMI's Oil & Gas Business Environment Ratings - Structure
- Indicators
- Table: BMI's Oil & Gas Upstream Ratings - Methodology
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Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=529511&dt=t

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