Greece Oil & Gas Report Q3 2016 - New Market Study Published


Fast Market Research recommends "Greece Oil & Gas Report Q3 2016" from Business Monitor International, now available



[ClickPress, Fri Jun 24 2016] The start of construction work on the Trans Adriatic Pipeline (TAP) marks a milestone for the Greek midstream sector and our outlook for its natural gas sector. We reiterate our view that natural gas, especially midstream, will be the largest growth opportunity in the Greek energy space with TAP beginning construction in June and DEPA focusing on growing the domestic gas market infrastructure. However, tax hikes on gas consumption for large industrial users will temper demand , which is presenting a downside risk to our natural gas consumption forecasts.

Latest Updates and Key Forecasts

Refined fuels exports from Greece will remain the country's largest export by a wide margin and will increase in 2016 by 4.3% according to our forecasts as margins for refiners remain very healthy but the domestic market depresses further, leaving more available for exports.

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The TAP natural gas pipeline began construction in May 2016, with two consortiums one led by J&P Avax and the other by ELLAKTOR winning the EPC contracts for the Greek section of the pipeline works.

First shipment of privately contracted gas via the national pipeline network took place in June 2016. This marked a new phase for the retail natural gas market in Greece, which is overwhelmingly dominated by the Public Gas Corporation (DEPA). M+M reportedly imported natural gas through the border metering station at Sidirokastro, which links into the Bulgarian gas transmission network.

Privatisations of state energy assets are firmly (again) back on the agenda, following the passing of legislation from Parliament establishing, inter alia, a mega-privatisation fund. It will be made up of four subsidiaries: the Hellenic Republic Asset Development Fund, the Hellenic Financial Stability Fund, the newly-established Public Participations Corporation, and the Public Real Estate Corporation. ELPE, DEPA, DESFA, and PPC are all in line for divestments of the state's stakes, partial or total.

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

Key Benefits
Benchmark BMI's independent oil and gas industry forecasts for Greece to test consensus views - a key input for successful budgeting and strategic business planning in the Greek oil and gas market.

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