(MENAFNEditorial)
Taiwan is almost entirely dependent on imports to meet energy demand and is likely to stay in this state for the foreseeable future. A growing appetite for imported gas has created a need for fresh liquefied natural gas (LNG) supplies. This creates opportunities for potential LNG sellers though US supplies are likely to be favoured for their lower prices.
The main trends and developments we highlight in the Taiwanese o il and g as sector are:
* Exploration prospects remain relatively poor and no change is expected over the short-to-medium term. However deepwater exploration is taking place off the south-western coast that could shore up its small resource base following a joint venture agreement between CPC and Husky Energy signed in December 2012.
* Like Japan and China Taiwan is also looking into its methane hydrates prospects though large-scale commercial production is not likely to take place within our forecast period.
* Taiwan is a marginal oil producer. With no significant oil discoveries to be developed and with limited exploration planned in the near future we expect crude oil NGL and other liquids production to remain stable at around 1660-1700 barrels per day (b/d) until the end of our forecast period in 2014 with limited upside risk to this forecast.
* Despite a relatively healthy economy we expect consumption growth to be slightly subdued with governmental plans to increase gas-fired power generation capacity renewables and various policies aiming at increasing energy efficiency. Our forecast for crude oil consumption is for an increase from a planned 1.09mn b/d in 2013 to around 1.13mn b/d in 2018 and to 1.16mn b/d by 2023.
* Taiwan is a marginal gas producer. Production has improved slightly to about 0.34bcm in 2013 but we expect growth to be stagnant in the medium term to reach about 0.35bcm in 2018 and for output to trend downwards in the longer term to return to about 0.31bcm by 2023.
* The Ministry of Economics...
Full Report Details at
- http://www.fastmr.com/prod/872698_taiwan_oil_gas_report_q4_2014.aspx?afid=101
The Taiwan Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Taiwan 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 Taiwan Oil & Gas Report provides professionals consultancies government departments regulatory bodies and researchers with independent forecasts and competitive intelligence on the Taiwanese oil and gas industry.
Key Benefits
* Benchmark BMI's independent oil and gas industry forecasts for Taiwan to test consensus views - a key input for successful budgeting and strategic business planning in the Taiwanese oil and gas market.
* Target business opportunities and risks in the Taiwanese oil and gas sector through reviews of latest industry trends regulatory changes and major deals projects and investments in Taiwan.
* 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
Summary of BMI's key forecasts and industry analysis covering oil and gas reserves supply demand and refining plus analysis of landmark company developments and key changes in the regulatory environment.
Regional Overview
Regional perspective on size and value of industry sector; comparative rankings by production refining imports and exports of oil gas and LNG.
Business Environment Rankings
BMI's Oil and Gas Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (independents NOCs IOCs and oil services companies) in the upstream and downstream markets.
The rankings methodology makes sophisticated use of more than 40 industry economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.
Oil Market Outlook and Oil Products Outlook
Based on our country coverage of over 99% of global oil and gas production and consumption BMI provides demand supply and price forecasts to end-2018 for oil gas and oil products
BMI Industry Forecasts
Historic data series and forecasts to end-2018 for all key industry indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
Pricing: Oil price (US$/bbl WTI Brent OPEC basket Urals); Oil products prices (unleaded gasoline gasoil/diesel jet/kerosene - US$/bbl) at global hubs
Production Consumption Capacity and Reserves: Proven oil reserves (bn barrels) production consumption refinery capacity and throughputs (`000b/d); Proven gas reserves (tcm) production and consumption (bcm)
Imports and Exports: Oil exports/imports (`000b/d) value of oil exports/imports (US$mn - BMI base case); Value of oil exports at constant US$50/bbl and constant US$100/bbl (US$mn); Gas exports/imports (bcm) Value of gas exports/imports (US$mn); Value of gas exports/imports at constant US$50/bbl and US$100/bbl (US$mn); Value of petroleum exports/imports (US$mn); Value of petroleum exports/imports at constant US$50/bbl and US$100/bbl (US$mn)
BMI Macroeconomic Forecasts
BMI forecasts to end-2018 for all headline macroeconomic indicators including real GDP growth inflation fiscal balance trade balance current account and external debt.
Competitive Landscape
Comparative company analyses by US$ sales % share of total sales number of employees year established ownership structure oil production ('000b/d) gas production (bcm) downstream capacity ('000b/d) and % market share.
Company Profiles
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