Abstract
"Russian Oil and Gas Industry Analysis", the recent market research report by
RNCOS, 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 Analyzed
- 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
1. Analyst View
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
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
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
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
6. Challenges
- 6.1 Government Policies
- 6.2 Ceiled Foreign Investment
- 6.3 Development of Alternate Fuels
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
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
List of 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
List of 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
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