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Hungary Gas Markets, 2010

Published By :

GlobalData

Published Date : Apr 2010

Category :

Natural Gas

No. of Pages : 123 Pages


This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Hungary. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Hungary. The report compares the investment environment in Hungary with other countries in the region. The profiles of the major companies operating in the natural gas sector in Hungary together with the latest news and deals are also included in the report.

Scope

  • Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.
  • Historical and forecast data and information for all the major gas fields, (Liquified Natural Gas) LNG Terminals, pipelines and underground gas storage facilities in Hungary for the period 2000-2013.
  • Operator and equity details for major natural gas assets in Hungary.
  • Key information relating to market regulations, key energy assets and the key companies operating in the Hungarys energy industry.
  • Information on the top companies in the Hungary including business description, strategic analysis, and financial information.
  • Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
  • Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.
Reasons to buy

  • Gain a strong understanding of the countrys energy market. 
  • Facilitate market analysis and forecasting of future industry trends.
  • Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data. 
  • Assess your competitors major natural gas assets and their performance.
  • Analyze the latest news and financial deals in the gas sector of each country.
  • Develop strategies based on the latest operational, financial, and regulatory events. 
  • Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
  • Identify and analyze the strengths and weaknesses of the leading companies in the country.
Table Of Contents

1 Table Of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9

2 Hungary Energy Sector 10
2.1 Hungary Energy Sector, Market Overview 10
2.2 Hungary Energy Sector, Natural Gas 11
2.2.1 Hungary Natural Gas, Overview 11
2.2.2 Hungary Natural Gas, Supply and Demand Balance 11
2.2.3 Hungary Natural Gas, Regulatory Structure 17
2.2.4 Hungary Natural Gas, Infrastructure 18

3 Hungary Gas Upstream Investment Environment Benchmarking 19
3.1 Introduction 19
3.2 The Overall Ranking 19
3.3 Upstream Fiscal Attractiveness 20
3.3.1 Maximum Government Take Index 21
3.3.2 Maximum State Participation 21
3.4 Gas Sector Performance 22
3.4.1 Exploration Activity 25
3.4.2 Gas Production 26
3.4.3 Gas Reserves 26
3.4.4 Gas Consumption 26
3.5 Economic Performance 27
3.5.1 GDP Growth Index 28
3.5.2 FDI Confidence Index 28
3.5.3 Balance of Trade Index 29
3.6 Socio-Political Performance 29
3.6.1 Democracy Index 30
3.6.2 Governance Index 31

4 Hungary, Exploration and Production Sector 32
4.1 Hungary Exploration and Production Sector, Country Snapshot 32
4.1.1 Hungary Exploration and Production Sector, Key Data 32
4.1.2 Hungary Exploration and Production Sector, Natural Gas Assets Map 32
4.2 Hungary Exploration and Production Sector, Marketed Natural Gas Production 33
4.2.1 Hungary Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 33
4.2.2 Hungary Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type 34
4.2.3 Hungary Exploration and Production Sector, Marketed Natural Gas Production by Assets 35
4.2.4 Hungary Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 35
4.2.5 Hungary Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 36
4.3 Hungary Exploration and Production Sector, Marketed Natural Gas Forecasts 37
4.3.1 Hungary Exploration and Production Sector, Marketed Natural Gas Production Forecast 37
4.3.2 Hungary Exploration and Production Sector, Gross Revenue Forecast 38
4.3.3 Hungary Exploration and Production Sector, Government Take Forecast 38
4.3.4 Hungary Exploration and Production Sector, Contractor Take Forecast 38
4.4 Hungary Exploration And Production Sector, Asset Details 39
4.4.1 Hungary Exploration And Production Sector, Active Natural Gas Field Asset Details 39
4.5 Hungary Exploration And Production Sector, Major Gas Discoveries 39
4.5.1 Hungary Exploration And Production Sector, Number of Gas Discoveries, 2004-2009 39
4.5.2 Hungary Exploration And Production Sector, Gas Discovery Details 40
4.6 Hungary Exploration and Production Sector, Drilling and Production Updates 41
4.6.1 Mar 10, 2010: DualEx Energy Provides Penszlek Area Operations Update 41
4.6.2 Feb 09, 2010: Ascent Resources Commences Drilling At PEN-101 Well In Peneszlek Area, Hungary 41
4.6.3 Nov 02, 2009: Ascent Resources Announces PEN-104AA Completion And Fontana-1 Update 42
4.6.4 Oct 13, 2009: Exxonmobil, MOL, Falcon Oil & Gas Agree To An Additional Fracture Stimulation In Fldek-1 Well, Hungary 43
4.6.5 Sep 28, 2009: DualEx Energy Starts Sidetrack Of PEN-104 Well In Hungary 43

5 Hungary Pipeline Sector 44
5.1 Hungary Pipeline Sector, Key Data 44
5.2 Hungary Pipeline Sector, An Overview 44
5.3 Hungary Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 44
5.4 Hungary, Natural Gas Pipelines 45

6 Hungary Underground Gas Storage Sector 47
6.1 Hungary Underground Gas Storage Sector, Key Data 47
6.2 Hungary Underground Gas Storage Sector, An Overview 47
6.3 Hungary Underground Gas Storage Sector, Capacity-Wise Market Share by Company 47
6.4 Hungary Underground Gas Storage Sector, Storage Capacity 48
6.4.1 Hungary Underground Gas Storage Sector, Storage Capacity of Active Terminals 48
6.4.2 Hungary Underground Gas Storage Sector, Storage Capacity of Planned Terminals 48

7 Profile of MOL Group 49
7.1 MOL Group, Key Information 49
7.2 MOL Group, Company Overview 49
7.3 MOL Group, Business Description 49
7.3.1 Business Overview 49
7.3.2 Exploration and Production 49
7.3.3 Gas and Power 52
7.3.4 Petrochemicals 53
7.3.5 Refining and Marketing 54
7.4 MOL Group, SWOT Analysis 55
7.4.1 Overview 55
7.4.2 MOL Group Strengths 56
7.4.3 MOL Group Weaknesses 57
7.4.4 MOL Group Opportunities 58
7.4.5 MOL Group Threats 59

8 Profile of Oiltanking GmbH 61
8.1 Oiltanking GmbH, Key Information 61
8.2 Oiltanking GmbH, Company Overview 61
8.3 Oiltanking GmbH, Business Description 61
8.3.1 Business Overview 61
8.3.2 Major Products and Services 62
8.4 Oiltanking GmbH, SWOT Analysis 62
8.4.1 Overview 62
8.4.2 Oiltanking GmbH Strengths 63
8.4.3 Oiltanking GmbH Weaknesses 64
8.4.4 Oiltanking GmbH Opportunities 65
8.4.5 Oiltanking GmbH Threats 66

9 Profile of Ascent Resources plc 68
9.1 Ascent Resources plc, Company Overview 68
9.2 Ascent Resources plc, Business Description 68
9.2.1 Ascent Resources plc, Business Description, Business Overview 68
9.3 Ascent Resources plc, SWOT Analysis 69
9.3.1 Ascent Resources plc, SWOT Analysis, Overview 69
9.3.2 Ascent Resources plc, SWOT Analysis, Strengths 70
9.3.3 Ascent Resources plc, SWOT Analysis, Weaknesses 70
9.3.4 Ascent Resources plc, SWOT Analysis, Opportunities 71
9.3.5 Ascent Resources plc, SWOT Analysis, Threats 72

10 Financial Deals Landscape 74
10.1 Detailed Deal Summary 74
10.1.1 Acquisition 74
10.1.2 Partnerships 84
10.1.3 Asset Transactions 89

11 Recent Developments 91
11.1 Strategy and Business Expansion 91
11.1.1 Feb 19, 2010: ExxonMobil, MOL To Exit Agreement In Hungary 91
11.1.2 Jun 04, 2009: Toreador Resources Announces New Corporate Strategy 91
11.2 Financial Announcements 93
11.2.1 Nov 17, 2009: MOL Reports Net Profit Of HUF12.9 Billion In Q3 2009 93
11.2.2 May 19, 2009: MOL Provides Q1 2009 Preliminary Results 95
11.3 Other Significant Developments 97
11.3.1 Mar 23, 2010: DualEx Energy Provides Penszlek Area Operations Update 97
11.3.2 Mar 15, 2010: DualEx Energy Provides Penszlek Area Operations Update 98
11.3.3 Mar 10, 2010: Ascent Resources Updates On PEN-101 Well In Peneszlek Area, Hungary 98
11.3.4 Mar 05, 2010: Leni Gas & Oil Provides Portfolio Resources Status Update 99
11.3.5 Feb 03, 2010: India, Hungary Sign Oil And Gas Exploration Agreement 100
11.3.6 Dec 28, 2009: Russia Warns European Union On Possible Reductions In Oil Supplies Through Druzhba Oil Pipeline 100
11.3.7 Dec 15, 2009: Ascent Resources Provides Operations Update 102
11.3.8 Dec 14, 2009: Ascent Resources Provides Operations Update 104
11.3.9 Dec 04, 2009: Ascent Resources Provides Peneszlek Operations Update 105
11.3.10 Nov 09, 2009: JKX Oil & Gas Provides Q3 2009 Operations Update 106
11.3.11 Nov 02, 2009: Falcon Oil & Gas Provides Update On Foldeak-1 Well Operations In Hungary 110
11.3.12 Oct 22, 2009: Nabucco Gas Pipeline International Intensifies Dialogue With Potential Lenders 110
11.3.13 Oct 08, 2009: ExxonMobil Notifies To Cease Operations At Foldeak-1 Well 111
11.3.14 Sep 24, 2009: Falcon Oil & Gas Appoints Gyorgy Szabo As New Chairman 112
11.3.15 Sep 17, 2009: Falcon Oil & Gas Starts Fracture Stimulation And Testing Operations In Mako Trough, Hungary 113
11.3.16 Sep 02, 2009: DualEx Energy Cases PEN-105 Well In Hungary 113
11.3.17 Aug 28, 2009: Toreador Resources Provides Corporate And Operations Update 114
11.3.18 Aug 26, 2009: Leni Gas & Oil Provides Operations Update 115
11.3.19 Aug 18, 2009: Austria, Hungary, Bulgaria And Romania To Finalize Discussions On ITGI Pipeline 118

12 Appendix 119
12.1 Methodology 119
12.1.1 Coverage 120
12.1.2 Secondary Research 121
12.1.3 Primary Research 121
12.1.4 Midstream Forecasts 121
12.1.5 Expert Panel Validation 121
12.2 Contact Us 122
12.3 About GlobalData 122
12.4 Disclaimer 123


List of Table


Table 1: Hungary, Historical and Forecasted Production and Consumption of Natural Gas (Bcf), 1996-2020 12
Table 2: Hungary, Historical and Forecasted Import of Natural Gas (Bcf), 1996-2020 14
Table 3: Hungary, Historical Reserves of Natural Gas (Bcf), 1996-2009 16
Table 4: Eastern Europe, Investment Benchmarking, Overall Country Rankings, March 2010 19
Table 5: Eastern Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, March 2010 20
Table 6: Eastern Europe, Investment Benchmarking, Gas Sector Performance, March 2010 22
Table 7: Eastern Europe, Investment Benchmarking, Economic Performance, March 2010 27
Table 8: Eastern Europe, Country Standings, Economic Performance, March 2010 27
Table 9: Eastern Europe, Investment Benchmarking, Socio-Political Performance, March 2010 29
Table 10: Eastern Europe, Country Standings, Socio-Political Performance, March 2010 30
Table 11: Hungary, Natural Gas Key Statistics, 2009 32
Table 12: Hungary, Total Marketed Natural Gas Production (MMcf), 2002-2009 33
Table 13: Hungary, Marketed Natural Gas Production by Type (MMcf), 2002-2009 34
Table 14: Hungary, Marketed Natural Gas Production by Assets (MMcf), 2002-2009 35
Table 15: Hungary, Marketed Equity Weighted Natural Gas Production by Company (MMcf), 2002-2009 35
Table 16: Hungary, Market Share (%) based on Marketed Natural Gas Production, 2002-2009 36
Table 17: Hungary, Marketed Natural Gas Production Forecast by Assets (MMcf), 2010-2015 37
Table 18: Hungary, Forecasted Assets-wise Gross Revenue (000'$), 2010-2015 38
Table 19: Hungary, Projected Assets-wise Total Government Take (000'$), 2010-2015 38
Table 20: Hungary, Projected Assets-wise Total Contractor Take (000'$), 2010-2015 38
Table 21: Hungary, Active Gas Field Asset Details 39
Table 22: Hungary, Planned Gas Field Assets Details 39
Table 23: Hungary, Number of Gas Discoveries, 2004-2009 39
Table 24: Hungary, Gas Discovery Details, 2004-2009 40
Table 25: Hungary, Pipeline Key Statistics, 2009 44
Table 26: Hungary, Natural Gas Pipelines, 2009 45
Table 27: Hungary, Natural Gas Pipelines, 2009 (Contd.1) 46
Table 28: Hungary, Underground Gas Storage Key Statistics, 2009 47
Table 29: Hungary, Underground Gas Storage Capacity by Company (MMcf), 2009 47
Table 30: Hungary, Active Underground Gas Storage Capacity (MMcf), 2009 48
Table 31: Hungary, Planned Underground Gas Storage Capacity (MMcf), 2009 48
Table 32: MOL Group, Key Facts 49
Table 33: MOL Group, SWOT Analysis 55
Table 34: Oiltanking GmbH, Key Facts 61
Table 35: Oiltanking GmbH, SWOT Analysis 63
Table 36: Ascent Resources plc, SWOT Analysis 69
Table 37: Leni Gas & Oil To Sell Its Interests In PetroHungaria And ZalaGasCo 74
Table 38: Toreador Resources Sells Toreador Hungary To RAG Rohol-Aufsuchungs 75
Table 39: OMV Sells 21.2% Stake In MOL Magyar Olaj-es Gazipari To Surgutneftegas 77
Table 40: Oman Oil Company Acquires 15% Stake In MOL 78
Table 41: Matra Petroleum Sells 40% Shareholding In Gemstone Properties To HHE America 79
Table 42: OMV Sells 9.6% Interest In MOL 80
Table 43: OMV Terminates Its Offer To Acquire Remaining Stake In MOL 81
Table 44: Ascent Resources Sells Interest In Two Gas Development Projects To Leni Gas and Oil 82
Table 45: Oman Oil Company Acquires Stake In MOL 83
Table 46: Gazprom Forms Joint Venture With MFB 84
Table 47: MOL To Form Gas Storage Joint Venture With Gazprom 85
Table 48: Ascent Resources Entered Into Agreement With MOL 86
Table 49: Falcon Oil & Gas Enters Into Partnership With ExxonMobil And MOL 87
Table 50: MOL And ExxonMobil Enters Into Joint Exploration Program In Hungary 88
Table 51: JKX Oil & Gas To Acquire 25% Interest In Veszto Exploration License In Hungary From Hungarian Horizon Energy 89
Table 52: Ascent Resources Farms-Out 66.67% Interest In Peneszlek Exploration Project 90

List of Chart

List Of Figures

Figure 1: Hungary, Energy Sector break-up (%), 2009 10
Figure 2: Hungary, Historical and Forecasted Production and Consumption of Natural Gas (Bcf), 1996-2020 13
Figure 3: Hungary, Historical and Forecasted Import of Natural Gas (Bcf), 1996-2020 15
Figure 4: Hungary, Historical Reserves of Natural Gas (Bcf), 1996-2009 17
Figure 5: Eastern Europe, Country Standings, Upstream Fiscal Attractiveness, March 2010 21
Figure 6: Eastern Europe, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, March 2010 22
Figure 7: Eastern Europe, Country Standings, Gas Sector Performance, by Production & Consumption, March 2010 25
Figure 8: Eastern Europe, Country Standings, Exploration Blocks Awarded, March 2010 26
Figure 9: Eastern Europe, Country Standings, Economic Performance, March 2010 28
Figure 10: Eastern Europe, Country Standings, Socio-Political Performance, March 2010 30
Figure 11: Hungary, Natural Gas Assets Map, 2009 32
Figure 12: Hungary, Total Marketed Natural Gas Production(MMcf), 2002-2009 33
Figure 13: Hungary, Marketed Natural Gas Production by Type (MMcf), 2002-2009 34
Figure 14: Hungary, Marketed Equity Weighted Natural Gas Production by Company (MMcf), 2002-2009 36
Figure 15: Hungary, Market Share (%) based on Marketed Natural Gas Production, 2009 37
Figure 16: Hungary, Number of Gas Discoveries, 2004-2009 40
Figure 17: Hungary, Natural Gas Pipeline Length By Companies (Km), 2009 44
Figure 18: GlobalData Methodology 120

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