Now Available: Chile Oil & Gas Report Q3 2016

With a lack of below-ground rewards , Chile will suffer from a continued deficit of hydrocarbon supplies and a high dependence on imported energy feedstock. Chile's most immediate opportunities lie in the expansion of their LNG import facilities as a means to meet growing domestic demand . On a longer-term basis, Chile is exploring the possibility of tapping i t s unconventional resources in the Magallanes region, though we caution its development will remain challenging within a lower oil price environment.Key trends and developments in the Chilean oil & gas sector are:The Mejilliones LNG import terminal applied for an environmental impact assessment for its USD40mn expansion project in January 2016. The project would expand liquefaction capacity from 5.0mcm/d to 10mcm/d.In January, Chile's national oil company ENAP received environmental approval for an impact assessment for its 60-well drilling plan. This USD204mn project includes both exploration and development wells in the Magallanes region and will target unconventional natural gas deposits in the Arenal block.On February 1, the energy ministers of Chile and Argentina announced that bilateral trade of natural gas would reverse in 2016 through underutilised midstream infrastructure. The agreement will provide Argentina with up to 5.5mcm/d of natural from May through September, marking a critical turning point in energy relations between the two countries.State-owned Enap saw a 40% y-o-y fall in profits in Q116 on the back of lower crude prices which lowered sales revenue and countered the impacts of more ambitious cost-cutting measures.Chile will remain among Latin America's most advanced economies over the coming decade, supported by its strong fundamentals. Manufacturing and services will increasingly drive growth, as the end of the commodity boom dims the copper sector's outlook.

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The Chile Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Chile 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 Chile Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Chilean oil and gas industry.

Key Benefits
Benchmark BMI's independent oil and gas industry forecasts for Chile to test consensus views - a key input for successful budgeting and strategic business planning in the Chilean oil and gas market.
Target business opportunities and risks in the Chilean oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Chile.

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