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Energy & Environment

Just Published: "France Oil & Gas Report Q1 2017"

Recently published research from Business Monitor International, "France Oil & Gas Report Q1 2017", is now available at Fast Market Research
Just Published: "France Oil & Gas Report Q1 2017" 2017-03-20 14:50:53
The overall level of investment in exploration and production in France remains weak and this trend is unlikely to alter significantly without an end to political opposition to exploration of shale oil and gas resources. Though downstream margins have benefited from cheaper oil prices, the long-term outlook for the refining sector in France, and in Europe more widely, remains largely negative .

Latest Updates And Key Forecasts

Political disputes continue to hold back exploration of shale gas and oil, which estimates suggest exist in sufficient amounts in France to have a material impact on the weak existing outlook for reserves. Modest, but notable, investment continues toward development of France's coal-bed methane deposits, but technical and regulatory uncertainty persists, preventing any revision of our forecasts on the back of activity for now.

Downstream capacity and production will continue to fall with the 160,000b/d La Mede refinery set to be converted to a biofuels plant from 2017. Further refinery closures are likely as the European market continues to realign to competitive pressure and falling demand. Refiners will need to further specialise to remain competitive and to adapt to the changing conditions in the European refined fuels market.

Full Report Details at
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Energy efficiency gains, a stagnant vehicle fleet and low GDP growth underpin our forecast for continued decline in refined fuels consumption. Demand for key fuels, such as diesel, has failed to recover despite lower prices, signalling a long trend towards lower consumption.

Strong decreases in refining capacity and refining utilisation rates have seen, and will continue to see, falling crude oil net import requirements over the forecast period. France will remain dependent upon imports of diesel, jet fuel and other products to meet domestic demand as structural imbalances persist. The fuels trade faces increased competition from rival producers in the US and elsewhere.

The sharp fall in natural gas demand in 2014 highlights uncertainty over the outlook for natural gas demand. Decisions on France's energy mix will be key to the long-term outlook for gas, but an absence of a clear direction complicates efforts to forecast the role for gas over the medium-to-long term.

Limited domestic production means any increased consumption will have to be met by imports. Uncertainty over the long-term outlook for gas demand means utilisation at the new Dunkirk liquefied natural gas terminal is likely to remain well below capacity.

The France Oil & Gas Report has been researched at source and features BMI Research'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

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.


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.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the upstream and downstream sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast:

Pricing: Oil price (USD/bbl, WTI, Brent, OPEC basket, Urals); oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene � USD/bbl) at global hubs.

About Business Monitor International

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 in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

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Bill Thompson

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