"Philippines Oil & Gas Report Q1 2015" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Tue Jan 06 2015

The Philippines will likely remain a small producer of both oil and gas over our forecast period. Faster consumption growth than output increases will see the Philippines remain a net importer of crude oil and oil products, as well as join ing the ranks of gas importers in the world.

The main trends and developments we highlight for the Philippines' oil and gas sector are:

* We forecast relatively stagnant growth in the Philippines' oil and gas reserves, owing to the limited number of discoveries made.
* Crude oil production may increase between 2014 and 2018 thanks to new projects coming online, but without further discoveries this could again fall from 2018.
* Gas production is set rise slightly as ongoing developments help to stabilise production at the key Malampaya gas field. However, there are no new projects to boost Philippines' gas production further.
* Although refining capacity will remain flat, upgrades to the country's two refineries will help improve utilisation rates and refined oil output over our forecast period.
* Oil consumption will likely trend upwards over the long-term alongside economic growth.
* The shortfall of domestic crude and domestic refined oil to demand will see the Philippines continue as a net importer of both crude and refined oil.
* Gas consumption will see greater growth than oil as it becomes an increasingly important source of fuel for power generation.
* The start-up of an LNG import terminal at Pagbilao and a likely project at Batagas will allow the Philippines' gas demand to grow beyond domestic gas output. However, we note that infrastructure delays risk pushing back the country's gas demand growth beyond our forecast period.

Full Report Details at
- http://www.fastmr.com/prod/938435_philippines_oil_gas_report_q1_2015.aspx?afid=302


The Philippines Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Philippines 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 Philippines Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Philippine oil and gas industry.

Key Benefits

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

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.

You may also be interested in these related reports:

- Corridor Resources Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2014
- Iraq Oil & Gas Report Q1 2015
- Israel Oil & Gas Report Q1 2015
- Slovenia Oil & Gas Report Q1 2015
- EPL Oil & Gas, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2014
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »