- The French cabinet approved a long-delayed energy bill in July 2014 that will nuclear power and encourage energy efficiency. On the back of the bill, as well as an unimpressive economic outlook, we have slightly downgraded our already bearish oil consumption figures.
- The energy bill is expected to become law in early-2015 and the legislation poses some upside risk to our gas consumption outlook. Natural gas could become an attractive option as a backup to intermittent renewables.
- France is thought to have significant unconventional deposits of gas. Although the EIA downwardly revised its estimate of the country's technically recoverable shale gas resources in 2013, at 3.9trn cubic metres (tcm) the resources potential is still the second largest in Europe.
- In February 2014,...
The France Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for France 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 France Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the French oil and gas industry.Key Benefits
CoverageBMI Industry View
- Benchmark BMI's independent oil and gas industry forecasts for France to test consensus views - a key input for successful budgeting and strategic business planning in the French oil and gas market.
- Target business opportunities and risks in the French oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in France.
- 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.
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 productsBMI 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.
Low-levels of upstream and investment and a high import burden will persist in France absent a reversal of a government opposition to shale gas exploration. Some senior officials and powerful business interests have expressed support for shale gas exploration, but the issues remains politically contentious. In the downstream sector, further refinery closures are likely given market conditions that will see margins remain weak over the course of our forecast period.