Slovakia Oil & Gas Report Q3 2014

Jul 2, 2014 - Business Monitor International - 97 pages
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Slovakia has above-average energy import dependency with high overall energy intensity compared with the regional average. As a result , the EU has made development of better gas interconnections a priority for Slovakia as net gas imports are expected to cost the country around US D2.66 bn in 201 4 . The country remains dependent on Russia , but a recently announced EUR5.9bn EU infrastructure programme aims to allow for more flexibility when negotiating gas purchases and may boost supply.

The key trends and developments in Slovakia's oil and gas sector are:
  • E.ON said it would mothball its combined-cycle gas turbine (CCGT) in Mal?enice, Slovakia, effective October 2013. The company claimed that the decision was made due to the non-profitability of gas-fired generation. This is due to the current market environment in Europe, owing in particular to low electricity and carbon prices.
  • We forecast that Slovakia's gas consumption will increase slightly to 6.4bn cubic metres (bcm) by 2023, virtually all of which will be imported. However, there is downside risk to this scenario if further gas-fired power generating capacity is closed.
  • The European Commission unveiled a EUR5.85bn funding push to diversify gas and power infrastructure across the continent, as part of its long-term infrastructure vision. Approximately 140 projects were aimed at diversification of gas supplies to significantly increase the gas system's flexibility and resilience. This included work in Slovakia for reconstruction, upgrading, maintenance and capacity increase on the JANAF and Adria pipelines.
  • SPP announced three measures in June 2009 to protect Slovakia from future gas supply cuts. The first was to diversify its gas imports away from Russia through new supply deals with Western European companies. The second was to speed up the time it takes to reverse gas flows in its pipelines from east-west to west-east, while the third was to fill its gas storage...
The Slovakia Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Slovakia 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 Slovakia Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Slovak oil and gas industry.

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

BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Regional Overview

Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports of oil, gas and LNG.

Business Environment Rankings

BMI's Oil and Gas Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (independents, NOCs, IOCs and oil services companies) in the upstream and downstream markets.

The rankings methodology makes sophisticated use of more than 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.

Oil Market Outlook and Oil Products Outlook

Based on our country coverage of over 99% of global oil and gas production and consumption, BMI provides demand, supply and price forecasts to end-2018 for oil, gas and oil products

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Pricing: Oil price (US$/bbl, WTI, Brent, OPEC basket, Urals); Oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene - US$/bbl) at global hubs

Production, Consumption, Capacity and Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (`000b/d); Proven gas reserves (tcm), production and consumption (bcm)

Imports and Exports: Oil exports/imports (`000b/d), value of oil exports/imports (US$mn - BMI base case); Value of oil exports at constant US$50/bbl and constant US$100/bbl (US$mn); Gas exports/imports (bcm), Value of gas exports/imports (US$mn); Value of gas exports/imports at constant US$50/bbl and US$100/bbl (US$mn); Value of petroleum exports/imports (US$mn); Value of petroleum exports/imports at constant US$50/bbl and US$100/bbl (US$mn)

BMI Macroeconomic Forecasts

BMI forecasts to end-2018 for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape

Comparative company analyses by US$ sales, % share of total sales, number of employees, year established, ownership structure, oil production ('000b/d), gas production (bcm), downstream capacity ('000b/d) and % market share.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including Daily Alerts, monthly regional Insights, and in-depth quarterly Country Forecast Reports.