Romania Oil and Gas Report Q3 2013

Publisher Name :
Date: 5-Jun-2013
No. of pages: 108

BMI View: The exploration efforts of ExxonMobil and OMV Petrom in the Black Sea could signal a turning
point in Romania’s upstream outlook, helping reduce dramatically the country’s gas import dependency
from around 2018. International oil company (IOC) interest in Romania is now on the rise and, if exploited
by the government, could result in much higher investment levels. Romanian Prime Minister Victor Ponta
ha said that he supports shale gas exploration in the country, bringing hope to Chevron and other IOCs
keen to investigate the country’s significant shale gas potential.
The main trends and developments for Romania’s oil and gas sector are:
? Chevron has reaffirmed its commitment to developing Romania’s shale gas resources following the
country’s rejection of a moratorium on shale gas exploration. The US group is the only holder of shale
exploration licences in the country. The Romanian government officially cancelled a moratorium on
shale gas exploration as it seeks to develop new sources of domestic production in order to counter both
an imminent decline in the country’s reserves and its growing dependency on Russian natural gas imports.

Romania Oil and Gas Report Q3 2013

BMI Industry View 7
SWOT 9
Industry Forecast .. 10
Oil And Gas Reserves .. 10
Table: Romania Proven Oil & Gas Reserves And Total Petroleum Data, 2011-2016 . 10
Table: Romania Proven Oil & Gas Reserves And Total Petroleum Data, 2017-2022 . 11
Oil Supply And Demand .. 14
Table: Romania Oil Production, Consumption And Net Exports, 2011-2016 14
Table: Romania Oil Production, Consumption And Net Exports, 2017-2022 14
Gas Supply And Demand . 16
Table: Romania Gas Production, Consumption And Net Exports, 2011-2016 . 16
Table: Romania Gas Production, Consumption And Net Exports, 2017-2022 . 17
Refining And Oil Products Trade .. 19
Table: Romania Refining - Production And Consumption, 2011-2016 19
Table: Romania Refining - Production And Consumption, 2017-2022 19
Revenues/Import Costs . 20
Key Risks To BMI's Forecast Scenario . 20
Industry Risk Reward Ratings 21
CEE - Risk/Reward Ratings .. 21
Table: Central And Eastern Europe Risk/Reward Ratings . 22
Caspian Retains Lead In Upstream Ratings . 22
Table: Upstream Risk/Reward Rating 23
Russian Trouble Persists . 25
Regional Minnows Breaking In .. 27
Downstream Stabilisation 27
Table: CEE Downstream Risk/Reward Ratings 27
Romania - Risk/Reward Ratings .. 31
Romania Upstream Rating - Overview . 31
Romania Upstream Rating - Rewards .. 31
Romania Upstream Rating - Risks . 31
Romania Downstream Rating - Overview 31
Market Overview 32
Romania Energy Market Overview .. 32
Licensing And Regulation 33
Government Policy 34
Licensing Rounds .. 35
International Energy Relations .. 36
Oil & Gas Infrastructure 38
Oil Refineries . 38
Table: Refineries In Romania 38
Service Stations . 41
Oil Storage Facilities 41
Oil Terminals/Ports .. 41
Oil Pipelines .. 41
LNG Terminals .. 42
Gas Storage Facilities .. 42
Gas Pipelines . 43
Competitive Landscape . 45
Table: Key Players - Romania Oil And Gas Sector 46
Table: Key Upstream Players 46
Table: Key Downstream Players . 46
Company Profile . 47
OMV Petrom 47
Romgaz . 53
Lukoil . 57
Rompetrol . 60
Other Companies - Summary 63
Regional Overview 68
Europe Energy Overview .. 68
A Dependent Relationship 70
Looking For A Break Up . 72
Central Asia: Beneficiaries Of Europe's Russian Fatigue . 74
Moving From Pipeline To LNG .. 75
Russia Strikes Back .. 76
Eastern Europe: Black Sea Gold Rush . 77
Shale Gas Showdown 78
Global Industry Overview .. 80
Global Energy Market Overview . 80
Table: BMI's Oil Price Forecasts & Bloomberg Analyst Consensus, Average Price (US$/bbl) . 81
Table: Global Oil Demand Forecasts 88
Industry Trend Analysis . 90
Growing Implementation Base 91
Developed Drive 93
Appendix . 94
Central And Eastern Europe - Regional Appendix 94
Table: Oil Consumption - Historical Data & Forecasts, 2010-2017 ('000b/d) . 94
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d) . 95
Table: Oil Production - Historical Data & Forecasts, 2010-2017 ('000b/d) 95
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d) . 96
Table: Refining Capacity - Historical Data & Forecasts, 2010-2017 ('000b/d) 97
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d) 97
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm) 98
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm) 99
Table: Gas Production - Historical Data & Forecasts, 2010-2016 (bcm) 99
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm) . 100
Table: LNG Exports - Historical Data & Forecasts, 2010-2017 (bcm) . 101
Table: Net LNG Exports - Long-Term Forecasts, 2014-2021 (bcm) . 101
Glossary 102
Table: Glossary Of Terms . 102
Methodology .. 104
Oil & Gas Risk/Reward Ratings Methodology . 104
Ratings Overview 104
Table: BMI's Oil & Gas Risk Reward Ratings - Structure 105
Indicators . 105
Table: BMI's Oil & Gas Business Environment Upstream Ratings - Methodology . 105
Oil & Gas Forecasts Methodology . 107
Energy Industry .. 107
Cross checks 108
Sources . 108Table: Romania Proven Oil & Gas Reserves And Total Petroleum Data, 2011-2016
Table: Romania Proven Oil & Gas Reserves And Total Petroleum Data, 2017-2022
Table: Romania Oil Production, Consumption And Net Exports, 2011-2016
Table: Romania Oil Production, Consumption And Net Exports, 2017-2022
Table: Romania Gas Production, Consumption And Net Exports, 2011-2016
Table: Romania Gas Production, Consumption And Net Exports, 2017-2022
Table: Romania Refining - Production And Consumption, 2011-2016
Table: Romania Refining - Production And Consumption, 2017-2022
Table: Central And Eastern Europe Risk/Reward Ratings
Table: Upstream Risk/Reward Rating
Table: CEE Downstream Risk/Reward Ratings
Table: Refineries In Romania
Table: Key Players - Romania Oil And Gas Sector
Table: Key Upstream Players
Table: Key Downstream Players
Table: BMI's Oil Price Forecasts & Bloomberg Analyst Consensus, Average Price (US$/bbl)
Table: Global Oil Demand Forecasts
Table: Oil Consumption - Historical Data & Forecasts, 2010-2017 ('000b/d)
Table: Oil Consumption - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Oil Production - Historical Data & Forecasts, 2010-2017 ('000b/d)
Table: Oil Production - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Refining Capacity - Historical Data & Forecasts, 2010-2017 ('000b/d)
Table: Refining Capacity - Long-Term Forecasts, 2014-2021 ('000b/d)
Table: Gas Consumption - Historical Data & Forecasts, 2009-2016 (bcm)
Table: Gas Consumption - Long-Term Forecasts, 2014-2021 (bcm)
Table: Gas Production - Historical Data & Forecasts, 2010-2016 (bcm)
Table: Gas Production - Long-Term Forecasts, 2014-2021 (bcm)
Table: LNG Exports - Historical Data & Forecasts, 2010-2017 (bcm)
Table: Net LNG Exports - Long-Term Forecasts, 2014-2021 (bcm)
Table: Glossary Of Terms
Table: BMI's Oil & Gas Risk Reward Ratings - Structure
Table: BMI's Oil & Gas Business Environment Upstream Ratings - Methodology

  • Global Stem Cell Therapy Industry Witnesses Steady Growth
    Stem cell research which is one of the most contemporary areas of biology has developed rapidly in the last couple of years. Increased funding in stem cell research by both government and private organizations is one of the main drivers in the stem cell therapy industry. Stem cells are used in various medical therapies such [...]
  • Global Lubricant Market Driven by Increased Demand in Automotive Industry
    With growth in the automobile industry, the demand for lubricants has also increased. The robust growth in manufacturing with increase in industrial production, particularly in countries such as China and India are also fueling the demand for lubricants. In 2013, the global market for lubricants had reached a value of 123.64 billion USD. By 2020, [...]
  • Global Cybersecurity Market Driven by Increase in Cyber Attacks
    In recent years, the global market for cybersecurity has grown steadily, with the rapid adoption of cloud-based services. As more and more corporate and government organizations are realizing the importance of protecting data and intellectual property, the market for cybersecurity is going to expand. In 2014, the global market for cybersecurity was valued at 95.60 [...]
  • Global Epilepsy Drug Market Continues to Grow Steadily
    The global epilepsy drug market has grown steadily in recent years with increased sales of anti-epileptic drugs which are targeted at reducing seizures. Epilepsy is a condition which affects the brain and is characterized with repeated seizures in the patient. Treatment for epilepsy usually involves the use of medicines known as anti-epileptic drugs which prevents [...]
  • Global Meat and Poultry Product Market to Witness Steady Growth
    As global demand for meat and poultry products continues to rise, the market for meat and poultry is also expected to grow steadily. The market for meat and poultry products is driven by rise in disposable income, growing awareness among consumers about the importance of adding protein to their diet, and change in eating habits. [...]
  • Graft-Versus-Host Disease (GVHD) Treatment Market worth $407 million by 2018
  • The graft-versus-host disease (GVHD) treatment market value will increase from $297 million in 2013 to $407 million by 2018, at a Compound Annual Growth Rate (CAGR) of 6.59%, according to research and consulting firm GlobalData. The company’s latest report* states …

  • Poland Pharmaceutical Industry Growing at 8.3% CAGR to 2020
  • Factors such as the growing elderly population, increasing availability of affordable medicines, and transparent regulatory guidelines will provide the necessary impetus for the growth of the Polish pharmaceutical market, but a decrease in mark-up prices and the country’s stringent drug …

  • Asia-Pacific, Led by China, Drive the Global Methanol Industry
  • China is driving the global methanol industry, with tremendous demand from both its energy and petrochemicals sectors. It accounts for 87.9% of Asia-Pacific’s (APAC) methanol capacity, and 51.9% of the global methanol capacity. Despite a large planned capacity increase in …

  • Diagnostic X-ray Imaging Market worth $4.0 billion by 2020
  • GlobalData estimates that the global diagnostic X-ray imaging market, worth $2.4 billion in 2012, will reach almost $4.0 billion by 2020, increasing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. Many players are active in …

  • Graft-Versus-Host Disease Market Forecast to 2023
  • Graft-versus-host disease (GVHD) is a common complication of allogeneic hematopoietic stem cell transplantation (HSCT) that occurs when the donated (graft) cells are rejected and attack the host’s cells as foreign. GVHD can progress from mild to severe forms as either …

  • 2014 Deep Research Report on Global Transformer Industry
    Published: 20-Nov-2014        Price: US $2600 Onwards        Pages: 204
    This is a professional and depth research report on Global Transformer. The report firstly introduced Transformer basic information included Transformer definition classification application industry chain structure industry overview; international market analysis, China domestic market analysis. Global Regional (such as US Europe Asia China Japan etc regions) Global Leading Suppliers, different type products, different applications etc Transformer production and market share, Transformer policy......
  • Offshore Vessels and Cables Market – Market Size, Competitive Landscape and Key Country Analysis to 2020
    Published: 20-Nov-2014        Price: US $3995 Onwards        Pages: 84
    Offshore Vessels and Cables Market – Market Size, Competitive Landscape and Key Country Analysis to 2020 is the latest report from GlobalData, the industry analysis specialists that offers information and a comprehensive understanding of the wind power industry. The report discusses the global offshore wind power market, including historical and forecast installed capacity, the market shares of offshore wind turbine manufacturers, and information on offshore project developers. The report a......
  • Argentina Renewables Report Q1 2015
    Published: 19-Nov-2014        Price: US $1295 Onwards        Pages: 37
    BMI View: Despite an attractive regulatory framework and ambitious government plans for expansion, we maintain a relatively bearish outlook towards the Argentine renewables industry. An unappealing business environment and limited project financing opportunities will continue to limit the sector's growth potential over the forecast period. Argentina's positive regulatory framework for renewables on the surface looks appealing to investors. For example, the country has adopted an ambitious target......
  • Trinidad and Tobago Oil and Gas Report Q1 2015
    Published: 19-Nov-2014        Price: US $1295 Onwards        Pages: 139
    BMI View: Trinidad & Tobago has benefitted from a strong pipeline of upstream investment in the oil and gas sector. The impact of a closing market for liquefied natural gas (LNG) exports in the US has been ameliorated by growing shipments to Europe, South American and Asia in particular. We continue to forecast growth in natural gas output to moderate by the end of the decade and expect only incremental gains liquids production. The main trends and developments in the Trinidad & Tobago (T&T) oil......
  • Azerbaijan Oil and Gas Report Q1 2015
    Published: 19-Nov-2014        Price: US $1295 Onwards        Pages: 125
    BMI View: The outlook for Azerbaijan's upstream sector is broadly bullish, with a substantial increase in the country's natural gas production offsetting a longer-term decline in oil output. We are more bearish on the downstream, and do not believe that forecast global refined fuels demand-supply dynamics will support the country's planned refinery upgrade and expansion projects. Key trends we highlight for Azerbaijan's oil and gas sector: ? The country boasts substantial, prospective and undere......
  • Turkey Oil and Gas Report Q1 2015
    Published: 19-Nov-2014        Price: US $1295 Onwards        Pages: 122
    BMI View: Turkey will remain heavily dependent upon oil and gas imports for the foreseeable future. Phase II of Shah Deniz and the decision to proceed with the TAP and TANAP natural gas pipelines will cement Turkey's position as a critical transit country.. There is upside potential to domestic energy production from the Black Sea and unconventional developments, although it remains too early for either to be factored into our forecasts. Mounting investment into exploration activities underscore......
  • Czech Republic Oil and Gas Report Q1 2015
    Published: 19-Nov-2014        Price: US $1295 Onwards        Pages: 103
    BMI View: While a moratorium on shale gas exploration, the Czech Republic will remain highly dependent on imported oil and gas, mostly from Russia, as conventional hydrocarbons production potential is limited. With demand trends remaining relatively weak, a small increase in refinery utilisation rates should see only a modest rise in net refined products import needs throughout our forecast period. The main trends and developments we highlight for the Czech Republic's oil and gas sector are: ? P......
  • Turkmenistan Oil and Gas Report Q1 2015
    Published: 19-Nov-2014        Price: US $1295 Onwards        Pages: 106
    BMI View: Turkmenistan's growing gas reserves have the country's energy profile on a positive trajectory, as reflected by our forecasts for strong growth in gas production over the coming years. Our forecast for gas production to reach 108.8bcm per annum by 2018 implies an average growth rate of 7.4% per annum. The country's rising potential is supporting a significant strengthening of ties with China, with whom it shares the China-Central Asia Pipeline, which is slated to provide approximately ......
  • Ecuador Oil and Gas Report Q1 2015
    Published: 19-Nov-2014        Price: US $1295 Onwards        Pages: 115
    BMI View: Ecuador's upstream sector will experience very modest growth in the remainder of the decade, but its downstream sector could see transformation from being a net importer of refined products to a significant exporter of refined products by 2017. BMI overall holds a bearish outlook for the country, with a big question mark hanging over the future of Ecuador's largest untapped oil field. The key trends and developments in Ecuador's oil and gas sector are: ? Oil production will grow throug......
  • 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 - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs