Croatia Oil and Gas Report Q4 2016

Publisher Name :
Date: 14-Sep-2016
No. of pages: 69

BMI View: With snap elections called after a scandal relating to the oil and gas sector, a future

government could challenge the award of six onshore blocks. Contracts for the licenses were signed more

than a year after the bidding round, underlining concerns about unpredictable investment climate. Officials

have said that they are now considering a floating proposed liquefied natural gas (LNG) terminal, with a

final decision on the project delayed until 2017.

Main Trends And Developments In Croatia's Oil And Gas Sector

? Political uncertainty has slowed activity in Croatia's oil and gas sector. In June, the government awarded

five onshore production sharing agreements from a bidding round held the previous year. Contracts were

signed with INA, Vermillion and Oanda but the delay underlined concerns about an unpredictable

investment climate.

? Fresh elections have been set for September but downside risks to upstream activity may remain well

after the vote. For example, the contracts that have been awarded may come under scrutiny from a future

parliament, which may be led by the socialist opposition. Uncertainty surrounding the composition of the

government, and its approach to the oil and gas sector, may also persist beyond the poll.

• In June, the Croatian government ordered LNG Croatia (LNG Hrvatska) to speed up the first phase of

the project, which includes setting up the floating storage and regasification unit (FSRU) on Krk island.

A final investment decision on the project could come in early 2017. Though the project has support

across the political spectrum, a change in government following new elections set for September could

result in delays or uncertainty for the project.

? A land-based LNG import terminal could still be constructed according to Croatian officials. However

some reports suggested such a terminal could come five to ten years after the initial floating import unit

came online.

Croatia Oil and Gas Report Q4 2016

Table of Contents

BMI Industry View 7
Table: Headline Forecasts (Croatia 2014-2020) 7
SWOT 8
Oil & Gas SWOT 8
Industry Forecast 10
Upstream Exploration 10
Latest Updates 10
Structural Trends 10
Table: Proven Oil and Gas Reserves (Croatia 2014-2019) 13
Table: Proven Oil and Gas Reserves (Croatia 2020-2025) 14
Upstream Production - Oil 15
Latest Updates 15
Structural Trends 15
Table: Oil Production (Croatia 2014-2019) 17
Table: Oil Production (Croatia 2020-2025) 17
Upstream Production - Gas 17
Latest Updates 17
Structural Trends 17
Table: Gas Production (Croatia 2014-2019) 19
Table: Gas Production (Croatia 2020-2025) 19
Refining 20
Latest Updates 20
Structural Trends 20
Table: Refining Capacity And Refined Products Production (Croatia 2014-2019) 22
Table: Refining Capacity And Refined Products Production (Croatia 2020-2025) 22
Refined Fuels Consumption 23
Latest Updates 23
Structural Trends 23
Table: Refined Products Consumption (Croatia 2014-2019) 26
Table: Refined Products Consumption (Croatia 2020-2025) 26
Gas Consumption 26
Latest Updates 26
Structural Trends 26
Table: Gas Consumption (Croatia 2014-2019) 28
Table: Gas Consumption (Croatia 2020-2025) 28
Trade - Oil 28
Latest Updates 28
Structural Trends 28
Crude Oil 28
Table: Crude Oil Net Exports (Croatia 2014-2020) 29
Table: Crude Oil Net Exports (Croatia 2020-2025) 30
Fuels Trade 30
Table: Refined Fuels Net Exports (Croatia 2014-2019) 31
Table: Refined Fuels Net Exports (Croatia 2020-2025) 31
Table: Total Net Oil Exports - Crude And Products (Croatia 2014-2019) 31
Table: Total Net Oil Exports - Crude And Products (Croatia 2020-2025) 32
Trade - Gas (Pipeline And LNG) 32
Latest Updates 32
Structural Updates 32
Table: Gas Net Exports (Croatia 2014-2019) 34
Table: Gas Net Exports (Croatia 2020-2025) 34
Industry Risk Reward Index 36
Central And Eastern Europe Oil & Gas Risk/Reward Index 36
Table: CEE: High Risk, Low Reward 36
Table: CEE Upstream, Downstream And Overall Risk/Reward Indices 37
Table: CEE Upstream Risk/Reward Index 40
Downstream: Turkish STAR Only Bright Spot In Weak Market 40
Table: CEE Downstream Risk/Reward Index 43
Croatia - Risk/Reward Index 44
Market Overview 46
Croatia Energy Market Overview 46
Regulatory Structure 46
Fiscal Regime 47
Table: Croatia - Upstream Tax Regime 47
Licensing Regime 47
Table: Croatia - Contracts and Licensing Regime 47
Licensing Rounds 47
Oil And Gas Infrastructure 49
Oil Refineries 49
Table: Oil Refineries In Croatia 49
Oil Storage Facilities 49
Oil Terminals/Ports 50
Table: Croatia Oil Terminals & Ports 50
LNG 50
Table: Existing And Planned LNG Terminals 50
Table: Croatia - Gas Storage Terminal 50
Gas Pipeline 51
Table: Croatia - Natural Gas Pipeline 51
Crude Oil Pipelines 51
Table: Croatia - Crude Oil Pipelines 51
Competitive Landscape 52
Competitive Landscape Summary 52
Table: Key Players In Croatian Energy Sector 54
Table: Key Upstream Players 54
Table: Key Downstream Players 54
Regional Overview 55
Central And Eastern Europe Oil & Gas Regional Overview 55
Oil Production: Oil Powerhouses Falter On Weak Prices 55
Oil Consumption: Short-Term Weakness As Russia Struggles 56
Refining Capacity: Modernisation Key To Competing 57
Natural Gas Production: Gas Ramp-Up Demand-Dependent 58
Table: Central Asia-China Gas Pipeline Expansions 59
Gas Consumption: Demand Falters On Struggling Economies 60
Table: Central & Eastern Europe Oil & Gas Production & Consumption, Refining Capacity & Trade 61
Glossary 62
Table: Glossary Of Terms 62
Methodology 64
Industry Forecast Methodology 64
Source 66
Risk/Reward Index Methodology 66
Table: Bmi's Oil & Gas Upstream Risk/Reward Index 68
Table: Weighting 69

List of Tables

Table: Headline Forecasts (Croatia 2014-2020)
Table: Proven Oil and Gas Reserves (Croatia 2014-2019)
Table: Proven Oil and Gas Reserves (Croatia 2020-2025)
Table: Oil Production (Croatia 2014-2019)
Table: Oil Production (Croatia 2020-2025)
Table: Gas Production (Croatia 2014-2019)
Table: Gas Production (Croatia 2020-2025)
Table: Refining Capacity And Refined Products Production (Croatia 2014-2019)
Table: Refining Capacity And Refined Products Production (Croatia 2020-2025)
Table: Refined Products Consumption (Croatia 2014-2019)
Table: Refined Products Consumption (Croatia 2020-2025)
Table: Gas Consumption (Croatia 2014-2019)
Table: Gas Consumption (Croatia 2020-2025)
Table: Crude Oil Net Exports (Croatia 2014-2020)
Table: Crude Oil Net Exports (Croatia 2020-2025)
Table: Refined Fuels Net Exports (Croatia 2014-2019)
Table: Refined Fuels Net Exports (Croatia 2020-2025)
Table: Total Net Oil Exports - Crude And Products (Croatia 2014-2019)
Table: Total Net Oil Exports - Crude And Products (Croatia 2020-2025)
Table: Gas Net Exports (Croatia 2014-2019)
Table: Gas Net Exports (Croatia 2020-2025)
Table: CEE: High Risk, Low Reward
Table: CEE Upstream, Downstream And Overall Risk/Reward Indices
Table: CEE Upstream Risk/Reward Index
Table: CEE Downstream Risk/Reward Index
Table: Croatia - Upstream Tax Regime
Table: Croatia - Contracts and Licensing Regime
Table: Oil Refineries In Croatia
Table: Croatia Oil Terminals & Ports
Table: Existing And Planned LNG Terminals
Table: Croatia - Gas Storage Terminal
Table: Croatia - Natural Gas Pipeline
Table: Croatia - Crude Oil Pipelines
Table: Key Players In Croatian Energy Sector
Table: Key Upstream Players
Table: Key Downstream Players
Table: Central Asia-China Gas Pipeline Expansions
Table: Central & Eastern Europe Oil & Gas Production & Consumption, Refining Capacity & Trade
Table: Glossary Of Terms
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
Table: Weighting
  • China Bunker Oil Market Research Report 2016
    Published: 01-Dec-2016        Price: US 3200 Onwards        Pages: 108
    Notes: Sales, means the sales volume of Bunker Oil Revenue, means the sales value of Bunker Oil This report studies Bunker Oil in China market, focuses on the top players in China market, with capacity, production, price, revenue and market share for each manufacturer, covering - Aegean Marine Petroleum - BP - Bunker Holding - Chemoil - Exxon Mobil - KPI Bridge Oil - Bomin - Glander - Gazprom - GAC......
  • Vietnam Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 76
    BMI View: Vietnam's dependence on energy imports is set to deepen over the coming decade, as strong growth in domestic demand for crude oil, refined fuels and natural gas comes in conflict with falling production. The increase in oil demand will primarily be driven by a more than tripling of its refining capacity, alongside positive macroeconomic and demographic factors. Gas demand will surpass output for the first time in 2020, when Vietnam's first import terminal is ant......
  • Trinidad and Tobago Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 79
    BMI View: Shortages of natural gas are expected to persist until the start of the Juniper field in late 2017. These supply challenges will continue to disrupt gas exports and comes amid government concerns over the profitability of liquefied natural gas exports. The government has also called for operators to fully exploit existing acreage, suggesting the emergence of tensions between officials and upstream players. Investment has suffered continued delays due to the curr......
  • Slovakia Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 63
    BMI View: Slovakia has above-average energy import dependency compared with the regional average. The country remains reliant on Russia but is actively pushing through several projects aimed at improving bi-directional flows and establishing regional links for a regional gas market in Central and Southeast Europe. Its role a key gas transit country for gas coming from Russia, through Ukraine and Slovakia before heading to Western Europe, should also be maintained over the......
  • Pakistan Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 71
    BMI View: Low oil prices, upstream spending cuts and natural declines combine to paint a bleak near-term upstream outlook for Pakistan, though its strong pipeline of discoveries and exploration plays point to plenty of upside once prices begin to rebound more significantly. The country will remain reliant on crude oil, refined fuels and natural gas imports to quench rising domestic demand. LNG imports are set to experience exponential growth, as influx of additional gas s......
  • Bulgaria Oil and Gas Report Q1 2017
    Published: 30-Nov-2016        Price: US 1295 Onwards        Pages: 72
    BMI View: Improvements in the refining sector have boosted refined fuels production, though 2016 is proving to be tougher with margins expected to drop. An oil discovery by Total in the Bulgarian section of the Black Sea highlights the potential for both oil and gas exploration in the black Sea. This is a play opening move for Bulgaria and exploration will continue into 2017. The exploration outlook onshore in Bulgaria remains much more limited. Latest Updates And K......
  • South Korea Oil and Gas Report Q1 2017
    Published: 23-Nov-2016        Price: US 1295 Onwards        Pages: 75
    BMI View: South Korea will continue to remain a major global refining powerhouse due to a highly complex and sophisticated refining industry, though export volumes will come under pressure in the long term due to falling utilisation rates and growing competition in the exports market. The country is also the world's second largest consumer of LNG, though import volumes are poised to record consistent yearly declines over the coming decade on greater fuel source diversific......
  • Russia Oil and Gas Report Q1 2017
    Published: 23-Nov-2016        Price: US 1295 Onwards        Pages: 116
    BMI View: Oil production continues to outperform as a weak rouble lowers operating costs and results in stable levels of capex going further. Gas production has been steady, though weak domestic demand has been offset by an increase in exports to Europe. The main trends and developments we highlight for Russia's oil & gas sector are: ? Crude oil and condensate production averaged 10.87mn b/d in 9M16. ? We have revised up our 2017 and 2018 oil and condensate forecast......
  • Kazakhstan Oil and Gas Report Q1 2017
    Published: 23-Nov-2016        Price: US 1295 Onwards        Pages: 79
    BMI View: We maintain a positive outlook for Kazakhstan's oil production, thanks to huge underground potential and, the delayed Kashagan project ramping up production over the next three years in addition to the Tengiz expansion in 2022. Our forecasts for gas and refined products consumption will pick up in 2017 as strengthen macros favour stronger demand. Latest Updates And Key Forecasts ? Roxi Petroleum announced in October that it has spudded its Shallow Well 142......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs