Product Code: 2398-0788
BMI View: Asia will be crucial to both global oil and LNG demand in the short and long term. Soft
investment in the upstream will command greater imports, while stronger investment in the downstream will
drive greater fuels exports, particularly for diesel. South East Asia will drive new LNG demand, while
Japan and Korea will stumble.
Latest Updates And Key Forecasts
- Frontier Asian markets are facing the brunt of international oil company (IOCs) reorganisation, as portfolios are streamlined and risk tolerance recalibrates. IOCs are favouring stable more developed markets such as Australia over frontier markets like Myanmar.
- The integration of monitoring and sensor technology across projects in Asia will support more efficient operations, though in isolated projects. Wide spread uptake of technology will be limited due to limited field life.
- Chinese national oil companies (NOCs) will focus more on downstream operations as investment in the upstream stalls.
Table of Contents
BMI Industry View
- Table: Asia Oil & Gas Production, Consumption & Refining
Regional Forecast Analysis
- Asia - Oil Outlook Subdued On Persistent Price Weakness
Industry Risk Reward Index
- Asia - Risk/Reward Index
- Table: Asia's Oil & Gas Risk/Reward Index
- Table: Asia: Upstream Risk/Reward Index
- Table: Asia: Downstream Risk/Reward Index
- Asia (Region) - Australia Benefiting From Frontier Market Exit
- Table: Major FIDs Trending To Brownfield And DM
- Asia - IoT Poses Upstream Upside, But Uptake To Be Limited
- Asia - Regional Diesel Outlook Bearish Despite Lower Stockpiles
- China - NOC Focus To Drift Downstream
- Asia - Southeast Asia LNG Imports Set To Triple
- Oil Price Outlook
- Table: BMI & Bloomberg Consensus* WTI & Brent Annual Average Forecasts, USD/bbl
- Global - JKM: Short-Term Strength Masking Long-Term Weakness
- Industry Forecast Methodology
- Risk/Reward Index Methodology
- Table: Bmi's Oil & Gas Upstream Risk/Reward Index
- Table: Weighting