Philippines oil and gas market is showing recovery with a market value of USD XX billion in 2017.
Stabilizing oil prices, surge in consumption and government policies are set to boost Philippines oil and gas market value to $XX billion by 2023 at a projected CAGR of XX%. On the investment front, companies tend to boost their investments in Philippines oil and gas infrastructure over the next few years, in particular, in planned upstream exploration and production sectors. Over the last five years from 2012 to 2017, Iran invested USD XX billion and further, between 2017 and 2023, the country’s capital expenditure is forecast to increase to USD XX billion.
On the production front, Philippines oil and gas supply increased by XX% in 2017 to reach XX million barrels of oil equivalent (mboe). Further, investments in production coupled with technological advancements are set to drive the oil and gas production increase to XX mboe in 2023. During 2017, the share of Philippines oil and gas market value in global market value was XX%. On the reserves front, Philippines’s proven oil reserve volume was XX Billion barrels and proven gas reserve volume was XX Tcf.
Segment wise, Philippines upstream market value is estimated at USD XX Billion and is expected to grow at XX% CAGR between 2017 and 2023.
Philippines has wide established midstream storage and transportation sector. The pipeline network spans a length of XX Km across the country and further, by 2023, an additional XX Km long network of pipelines is planned to be added. On the storage front, XX MMcm of oil, products and chemicals storage capacity will be added in addition to existing XX MMcm storage capacity.
Downstream segment in Philippines is expected to increase at XX% CAGR during the forecast period. In particular, the petroleum products demand is forecast to increase at XX% CAGR between 2017 and 2023 as compared to XX% CAGR growth between 2012 and 2017. On the infrastructure front, the country has XX Kb/d of refining capacity, XX Kb/d of Coking capacity, XX Kb/d of fluid cracking and XX Kb/d of hydrocracking capacity. By 2023, the country is planning to invest USD XX Billion to boost capacity by XX kb/d.
Research Scope Analysis of Philippines upstream oil and gas markets with focus on the role of Philippines and its competitiveness in the region The Philippines oil and gas market research report provides key drivers and challenges of Philippinesn market are listed and explained Current market conditions, benchmark with peer markets, impact of global dynamics, price impact and market value are detailed for Philippines oil and gas sector Production and consumption forecasts of Philippines oil, gas and petroleum products to 2023 Outlook of segment wise revenues and investments over the next five year period are included in the Philippines oil and gas research Micro level and Macro level drivers of the Philippinesn oil and gas industry are detailed Economic, demographic, political analysis of the country together with ministry, regulatory bodies and National oil companies are detailed in the oil and gas report Detailed infrastructure profiles with information on all operational and planned oil and gas assets in Philippines Key strategies adopted by both national and international companies and their near term and future term plans are detailed SWOT and Financial profiles of leading oil and gas companies in Philippines are detailed in the oil and gas report Market shares of each of the oil and gas segments including upstream production, LNG, Storage, Refining and Pipelines are included in the unique Philippines oil and gas report Latest industry developments and elements fundamental in driving the current industry dynamics, available potential investment opportunities along with companies involved in change are detailed.
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Oil & Gas in Philippines Summary Oil & Gas in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial...
Philippines oil and gas industry is witnessing active transformation during 2017 and 2018 driven by local and global industry dynamics.The country is planning to intensify its growth opportunities and attract new investments into domestic oil and gas sectors. Analyzing all the recent developments, emerging strategies...
During 2017 and 2018, an increase in investor confidence was observed across most LNG markets including Philippines. Planned projects witness considerable progress with increase in LNG supply volumes anticipated over the short term future. Further, surplus LNG availability, low prices and strong outlook for gas based...
The Philippines will gradually reduce its dependence on imported energy as petroleum products from overseas decline in importance in its energy mix and as it makes more use of locally available fuels. Fossil fuels will remain the main source of energy, but the country will also continue to exploit alternative energy sources....
25 pages •
By Global Research & Data Services
• Feb 2018
The report Refined Petroleum Product Market in Philippines to 2022 offers the most up-to-date industry data on the actual market situation, and future outlook for refined petroleum products in Philippines. The research includes historical data from 2011 to 2017 and forecasts until 2022 which makes the report an invaluable...
350 pages •
By Global Research & Data Services
• Feb 2018
The report package Refined Petroleum Product Markets in Asia to 2022 offers the most up-to-date industry data on the actual market situation, and future outlook for refined petroleum products in different Asian countries. The package includes country reports from the following countries: Bangladesh,...