New Energy research report from Business Monitor International is now available from Fast Market Research



[USPRwire, Mon May 02 2016] The overall level of investment in exploration and production in France remains weak and this trend is unlikely to alter significantly without an end to political opposition to exploration of shale oil and gas resources. Plans to begin production of gas from coal bed methane by 2017 could provide a much-needed boost to domestic output, but uncertainty over the project continues. Though downstream margins have benefited from cheaper oil prices, the long-term outlook for the refining sector in France, and in Europe more widely, remains largely pessimistic.

Latest Updates and Key Forecasts

Political disputes continue to hold back exploration of shale gas and oil, which estimates suggest exist in sufficient amounts in France to have a material impact on the weak existing outlook for reserves. Modest, but notable, investment continues toward development of France's coal-bed methane (CBM) deposits, but technical and regulatory uncertainty persists, preventing any revision of our forecasts on the back of activity for now.

Full Report Details at
- http://www.fastmr.com/prod/1152820_france_oil_gas_report_q2_2016.aspx?afid=302

Downstream capacity and production will continue to fall with the 160,000b/d La Mede refinery set to be converted to a biofuels plant from 2017. Further refinery closures are likely as the European market continues to realign to competitive pressure and falling demand. Refiners will need to further specialise to remain competitive and to adapt to the changing conditions in the European refined fuels market.

Energy efficiency gains, a stagnant vehicle fleet and low GDP growth underpin our forecast for continued decline in refined fuels consumption. Demand for key fuels, such as diesel, has failed to recover despite lower prices, signalling a long trend towards lower consumption.

Strong decreases in refining capacity and refining utilisation rates have seen, and will continue to see, falling crude oil net import requirements over the forecast period. France will remain dependent upon imports of diesel, jet fuel and other products to meet domestic demand as structural imbalances persist. The fuels trade faces increased competition from rival producers in the US and elsewhere.

The sharp fall in natural gas demand in 2014 highlights uncertainty over the outlook for natural gas demand. Decisions on France's energy mix will be key to the long-term outlook for gas, but an absence of a clear direction complicates efforts to forecast the role for gas over the medium to long term.

Limited domestic production means any increased consumption will have to be met by imports. Uncertainty over the long-term outlook for gas demand means utilisation at the new Dunkirk liquefied natural gas (LNG) terminal is likely to remain well below capacity.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Uzbekistan Oil & Gas Report Q2 2016
- Poland Oil & Gas Report Q2 2016
- Vanguard Natural Resources, LLC Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015
- Hungary Oil & Gas Report Q2 2016
- Denmark Oil & Gas Report Q2 2016

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »