Market Report, "Australia Oil & Gas Report Q3 2016", published
Recently published research from Business Monitor International, "Australia Oil & Gas Report Q3 2016", is now available at Fast Market Research
[ClickPress, Fri Jul 08 2016] Australia is on course to overtake Qatar to become the largest exporter of LNG by 2019, as the addition of new production trains at existing facilities and the commencement of several new ones over the next few years lead a strong upsurge in export volumes. In contrast, it will become increasingly dependent on refined fuels imports as insufficient refining capacity will not be matched by rising demand.
The main trends and developments we highlight for Australia's oil and gas sector are:
The second Gladstone LNG train started production in May 2016, with additional train at the APLNG also expected to follow suit before the end of the year.
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A further three LNG projects are set to come online over the next two to three years, helping Australia's LNG exports to surpass that of Qatar by 2019, seeing the country to become the largest supplier of the fuel in the world.
While we see limited scope for large-scale refining capacity additions in the coming years, small-scale projects targeting provincial fuel distribution opportunities will provide a small boost to total refining capacity over the coming years. One such example is ExxonMobil's proposed expansion of its Altona refinery in Victoria by 10,000b/d.
Limited domestic gas pipeline connectivity and stringent CBM development regulations remain persistent concerns as the heavy volume of gas supplies tied to export projects increase the risk of a domestic gas shortage.
The Australia Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Australia 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 Australia Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Australian oil and gas industry.
Benchmark BMI's independent oil and gas industry forecasts for Australia to test consensus views - a key input for successful budgeting and strategic business planning in the Australian oil and gas market.
Target business opportunities and risks in the Australian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Australia.
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.
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