Executive Summary
"Russian Oil and Gas Industry Analysis", the recent market research report , reviews the performance of oil and gas industry of Russia in recent years and provides objective analysis on it. It focuses on the driving factors, future prospects and issues associated with the industry to help clients understand the Russian market better.
Russian Oil & Natural Gas Industry
The Russian Oil Industry is the 7th largest in terms of oil reserves and the largest in proven natural gas reserves in the world (as of 2006). The domestic consumption is low in Russia, so a major part of the country's oil is exported to European countries. It is expected that in future, Russia will export more oil but with its performing domestic automobile, domestic consumption of petroleum products like gasoline and diesel will go up.
On the contrary, major part of natural gas production is consumed domestically and only a small amount is exported. The high dependency of the country on natural gas for power generation and industrial use is due to low price of natural gas in the domestic market. But this has raised a question over the future supply of natural gas due to high inefficiency of power and other manufacturing industry.
The Russian policy has limited the FDI flow to oil and gas sector post 2003 by taking control through the state owned companies, but the country still needs foreign investments and technological advancements for its future growth.
Key Findings
Natural gas produced by independent producers in Russia will increase in 2030 at a CAGR of 2.77% from 2010.
Export of natural gas from Central Asia to Russia is projected to hit more than 100 Billion Cubic Meters by 2030.
Domestic consumption of natural gas is projected to rise at a CAGR of around 4% from 2008 to 2012.
Russian natural gas export to Europe and Asia is expected to grow at a CAGR of around 2.2% from 2010 to 2030.
Natural gas price in the domestic market is expected to grow at a CAGR of around 25.5% during the period 2008-2011.
Diesel consumption will grow faster than gasoline in Russia during 2008-2012.
Key Issues & Facts
What is the position of Russian oil & natural gas industry in the world?
Why Russian Oil & Natural Gas Industry is so important?
What is the past and current performance of Russian oil & natural gas industry?
What is the structure of oil & natural gas industry in Russia?
Key Players Analyzed
This section provides the overview & financial information of prominent players in the Russian oil and natural gas industry, like Lukoil, OAO Gazprom, OJSC Surgutneftegas, RussNeft etc.
Research Methodology Used
Information Sources
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, industry news and developments, and through access to more than 3000 paid databases.
Analysis Method
Ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting and cause and effect analysis have been used for analysis.
Table of Contents
Chapter 1 Analyst View
Chapter 2 Russian Oil & Natural Gas Industry - An Overview
2.1 Russia in Context with Global Oil & Natural Gas Industry
2.1.1 Reserves
2.1.2 Production
2.1.3 Consumption
Chapter 3 What makes Russian Oil & Natural Gas Industry Attractive
3.1 Geographical Advantage & High Reserves
3.2 Increasing Domestic Demand
3.3 Importance in European Countries
3.4 Well-established Distribution System
3.5 Appreciation of Euro against Russian Currency
Chapter 4 Russian Oil & Natural Gas Industry Performance
4.1 Oil Industry
4.1.1 Reserves
4.1.2 Production
4.1.3 Consumption
4.1.4 Refinery Capacities
4.1.5 Net Export
4.1.6 Oil Pipelines
4.1.6.1 Baltic Pipeline System (BPS)
4.1.6.2 Murmansk & Kharyaga-Indiga Pipelines
4.1.6.3 Druzhba & Adria Pipelines
4.1.6.4 Eastern Siberia Pacific Ocean (ESPO) Pipelines
4.1.7 Petroleum Products
4.1.7.1 Production
4.1.7.2 Consumption/Sale
4.1.7.3 Export
4.2 Natural Gas Industry
4.2.1 Reserves
4.2.2 Production
4.2.3 Consumption
4.2.4 Export
4.2.5 Gas Pipeline Expansion Projects
4.2.5.1 Yamal-Europe II
4.2.5.2 Blue Stream Pipelines
4.2.5.3 Nordstream Pipelines
4.3 Investment in Energy Sector
4.4 Industry Structure
4.5 Energy Policy
Chapter 5 Opportunities
5.1 Zooming Automobile Industry
5.2 Huge Demand from Overseas Market
5.3 Russian Players to Dominate Neighboring Countries
5.4 Equipment & Services Market
5.5 Alternate Oil Export Routes
Chapter 6 Challenges
6.1 Government Policies
6.2 Ceiled Foreign Investment
6.3 Development of Alternate Fuels
Chapter 7 Future Prospects
7.1 Natural Gas
7.1.1 Steady Growth in Production
7.1.2 Independent Producers Expected to Perform Strongly
7.1.3 Import from Central Asia to Move Steadily
7.1.4 Domestic Consumption to Remain High
7.1.5 Transportation to Europe & Asia Projected to Surge
7.1.6 Domestic Gas Prices Anticipated to Rise
7.2 Petroleum Products
7.2.1 Gasoline Consumption Expected to Increase
7.2.2 Diesel Consumption Projected to Grow
7.2.3 Export
Chapter 8 Key Players
8.1 Lukoil
8.2 TNK-BP
8.3 Rosneft
8.4 OAO Gazprom
8.5 OJSC Surgutneftegas
8.6 OAO Tatneft
8.7 RussNeft
Figures
Figure 2-1 Global - Top Ten Countries by Proven Oil Reserves (in Billion Barrels), 2006
Figure 2-2 Global - Top Ten Countries by Proven Natural Gas Reserves (in Trillion Cubic Meter), 2006
Figure 2-3 Global - Top Ten Oil* Producing Countries (in Million Metric Tons), 2006
Figure 2-4 Global - Top Ten Natural Gas* Producing Countries (in Billion Cubic Meter), 2006
Figure 2-5 Global - Top Ten Oil Consuming* Countries (in Million Metric Tons), 2006
Figure 2-6 Global - Top Ten Natural Gas Consuming Countries (in Billion Cubic Meter), 2006
Figure 3-1 Europe & Eurasia - Proven Oil Reserves by Country (%), 2006
Figure 3-2 Europe & Eurasia - Proven Natural Gas Reserves by Country (%), 2006
Figure 3-3 Russia - Energy Consumption (in Kg Oil Equivalent per Head), 2002-2007E
Figure 3-4 EU-27 - Crude Oil Import by Country (%), 2005
Figure 3-5 EU-27 - Natural Gas Import by Country (%), 2005
Figure 4-1 Russia - Proven Oil Reserves (in Billion Barrels), 2001-2006
Figure 4-2 Russia - Oil* Production (in Million Metric Tons), 2001-2007E
Figure 4-3 Russia - Oil Consumption* (in Million Metric Tons), 2001-2006
Figure 4-4 Russia - Refinery Capacities (in Million Barrels per Year), 2001-2006
Figure 4-5 Russia - Net Export of Oil (in ‘000 Barrels per Day), 2001-2006
Figure 4-6 Russia - Gasoline*, Diesel* & Bunker Oil Production (in Million Metric Tons), 2004-2007E
Figure 4-7 Russia - Gasoline*, Diesel* & Bunker Oil Consumption/Sale (in Million Metric Tons), 2004-2006P
Figure 4-8 Russia - Gasoline*, Diesel* & Bunker Oil Export (in Million Metric Tons), 2004-2006P
Figure 4-9 Russia - Proven Natural Gas Reserves (in Trillion Cubic Meter), 2002-2006
Figure 4-10 Russia - Natural Gas* Production (in Billion Cubic Meter), 2002-2007E
Figure 4-11 Russia - Natural Gas Consumption (in Billion Cubic Meter), 2002-2007E
Figure 4-12 Russia - Natural Gas Consumption by Industry (%), 2006
Figure 4-13 Russia - Natural Gas Export (in Billion Cubic Meter), 2005 & 2006
Figure 4-14 Russia - Natural Gas Export by Country (%), 2006P
Figure 4-15 Russia - Foreign Investment in Energy Sector (in Million US$), 2003-2006
Figure 4-16 Russia - Structure of Oil Industry by Output (%), 2007*
Figure 4-17 Russia - Liquid Output by Company (%), 2006
Figure 5-1 Russia - Forecast for Passenger Car Registration* (in Million Units), 2008-2012
Figure 5-2 Global - Forecast for Petroleum Consumption by Major Region (in Barrels per Day), 2008-2012
Figure 5-3 Global - Forecast for Natural Gas Consumption by Major Region (in Billion Cubic Meter), 2008-2012
Figure 7-1 Russia - Forecast for Natural Gas* Production (in Billion Cubic Meter), 2008-2012
Figure 7-2 Russia - Forecast for Natural Gas Production by Independent Producers (in Billion Cubic Meter), 2010 & 2030
Figure 7-3 Russia - Forecast for Import of Natural Gas from Central Asia (in Billion Cubic Meter), 2010 & 2030
Figure 7-4 Russia - Forecast for Natural Gas Consumption (in Billion Cubic Meter), 2008-2012
Figure 7-5 Russia - Forecast for Natural Gas Transportation to Europe & Asia (in Billion Cubic Meter), 2010 & 2030
Figure 7-6 Russia - Forecast for Domestic Natural Gas Prices (in US$ per ‘000 Cubic Meter), 2008 to 2011
Figure 7-7 Russia - Forecast for Gasoline Consumption* (in Million Metric Tons), 2008-2012
Figure 7-8 Russia - Forecast for Diesel Consumption (in Million Metric Tons), 2008-2012
Figure 7-9 Russia - Forecast for Petroleum Products Export (in Million Metric Tons), 2008, 2010 & 2012
Tables
Table 8-1 Lukoil - Key Financials (in Million US$), 2005 & 2006
Table 8-2 TNK-BP - Key Financials (in Million US$), 2005 & 2006
Table 8-3 Rosneft - Key Financials (in Million US$), 2005 & 2006
Table 8-4 OAO Gazprom - Key Financials (in Million RUR), 2005 & 2006
Table 8-5 OJSC Surgutneftegas - Key Financials (in Million RUR), 2005 & 2006
Table 8-6 OAO Tatneft - Key Financials (in Million RUR), 2005 & 2006
Table 8-7 RussNeft - Key Financials (in Million RUR), 2004 & 2005
