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Romania Gas Markets, 2010

Published By :

GlobalData

Published Date : Apr 2010

Category :

Natural Gas

No. of Pages : 94 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 Romania. 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 Romania. The report compares the investment environment in Romania with other countries in the region. The profiles of the major companies operating in the natural gas sector in Romania 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 Romania for the period 2000-2013.
  • Operator and equity details for major natural gas assets in Romania.
  • Key information relating to market regulations, key energy assets and the key companies operating in the Romanias energy industry.
  • Information on the top companies in the Romania 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 Romania Energy Sector 10
2.1 Romania Energy Sector, Market Overview 10
2.2 Romania Energy Sector, Natural Gas 11
2.2.1 Romania Natural Gas, Overview 11
2.2.2 Romania Natural Gas, Supply and Demand Balance 11
2.2.3 Romania Natural Gas, Regulatory Structure 17
2.2.4 Romania Natural Gas, Infrastructure 18

3 Romania Gas Upstream Investment Environment Benchmarking 19
3.1 Introduction 19
3.2 The Overall Ranking 19
3.3 Upstream Fiscal Attractiveness 19
3.3.1 Maximum Government Take Index 21
3.3.2 Maximum State Participation 21
3.4 Gas Sector Performance 21
3.4.1 Exploration Activity 23
3.4.2 Gas Production 24
3.4.3 Gas Reserves 24
3.4.4 Gas Consumption 24
3.5 Economic Performance 25
3.5.1 GDP Growth Index 26
3.5.2 FDI Confidence Index 26
3.5.3 Balance of Trade Index 27
3.6 Socio-Political Performance 27
3.6.1 Democracy Index 28
3.6.2 Governance Index 28

4 Romania, Exploration And Production Sector 29
4.1 Romania Exploration and Production Sector, Country Snapshot 29
4.1.1 Romania Exploration and Production Sector, Key Data 29
4.1.2 Romania Exploration And Production Sector, Natural Gas Assets Map 29
4.2 Romania Exploration and Production Sector, Marketed Natural Gas Production 30
4.2.1 Romania Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 30
4.2.2 Romania Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type 31
4.2.3 Romania Exploration and Production Sector, Marketed Natural Gas Production by Assets 31
4.2.4 Romania Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 32
4.2.5 Romania Exploration and Production Sector, Market Share (%) based on Marketed Natural Gas Production 33
4.3 Romania Exploration and Production Sector, Marketed Natural Gas Forecasts 34
4.3.1 Romania Exploration and Production Sector, Marketed Natural Gas Production Forecast 34
4.4 Romania Exploration and Production Sector, Major Gas Discoveries 34
4.4.1 Romania Exploration and Production Sector, Number of Gas Discoveries 34
4.4.2 Romania Exploration and Production Sector, Gas Discovery Details 35
4.5 Romania Exploration and Production Sector, Recent Discoveries 35
4.5.1 Nov 17, 2009: Europa Oil & Gas Discovers Gas At Voitinel-1 In Romania 35
4.6 Romania Exploration and Production Sector, Drilling and Production Updates 35
4.6.1 Nov 17, 2009: Sterling Resources To Spud First Well In Craiova EIII-7 Concession, Onshore Romania 35
4.6.2 Nov 05, 2009: Sterling Resources Begins Eight Well Exploration And Appraisal Program 36
4.6.3 Oct 26, 2009: Aurelian Oil & Gas Updates On Voitinel-1 Well In Brodina Concession, Romania 38
4.6.4 Sep 22, 2009: Aurelian Oil & Gas Updates On Voitinel-1 Well In Brodina Concession, Romania 38
4.6.5 Sep 14, 2009: Petrom Starts Oil Production From West Delta 6, Swan 04 Wells In Black Sea 39

5 Romania Pipeline Sector 40
5.1 Romania Pipeline Sector, Key Data 40
5.2 Romania Pipeline Sector, An Overview 40
5.3 Romania Pipeline Sector, Comparision of Key Natural Gas Pipeline Companies 40
5.4 Romania Pipeline Sector, Natural Gas Pipelines 41

6 Romania Underground Gas Storage Sector 42
6.1 Romania Underground Gas Storage Sector, Key Data 42
6.2 Romania Underground Gas Storage Sector, An Overview 42
6.3 Romania Underground Gas Storage Sector, Capacity-Wise Market Share by Company 42
6.4 Romania Underground Gas Storage Sector, Storage Capacity 43
6.4.1 Romania Underground Gas Storage Sector, Storage Capacity of Active Terminals 43
6.4.2 Romania Underground Gas Storage Sector, Storage Capacity of Planned Terminals 43

7 Profile of S.C. Petrom S.A. 44
7.1 S.C. Petrom S.A., Key Information 44
7.2 S.C. Petrom S.A., Company Overview 44
7.3 S.C. Petrom S.A., Business Description 44
7.3.1 Business Overview 44

8 Profile of Toreador Resources Corporation 46
8.1 Toreador Resources Corporation, Key Information 46
8.2 Toreador Resources Corporation, Company Overview 46
8.3 Toreador Resources Corporation, Business Description 46
8.3.1 Business Overview 46

9 Profile of LUKOIL Oil Company 48
9.1 LUKOIL Oil Company, Key Information 48
9.2 LUKOIL Oil Company, Company Overview 48
9.3 LUKOIL Oil Company, Business Description 48
9.3.1 Business Overview 48
9.3.2 Chemicals 49
9.3.3 Exploration and Production 49
9.3.4 Others 51
9.3.5 Refining, Marketing and Distribution 51
9.4 LUKOIL Oil Company, SWOT Analysis 53
9.4.1 Overview 53
9.4.2 LUKOIL Oil Company Strengths 53
9.4.3 LUKOIL Oil Company Weaknesses 55
9.4.4 LUKOIL Oil Company Opportunities 56
9.4.5 LUKOIL Oil Company Threats 56

10 Financial Deals Landscape 58
10.1 Detailed Deal Summary 58
10.1.1 Private Equity 58
10.1.2 Equity Offerings 59
10.1.3 Partnerships 60
10.1.4 Asset Transactions 61

11 Recent Developments 69
11.1 License Rounds 69
11.1.1 Nov 02, 2009: Romania To Launch International Auction To Lease 30 Land, Sea Oil Fields In December 2009 69
11.2 License Awards 69
11.2.1 Dec 21, 2009: AuDAX Resources Wins Eight Prospecting Licenses From NAMR 69
11.2.2 Jun 18, 2009: Romgaz Wins License To Look For Resources In Black Sea 70
11.3 Strategy and Business Expansion 70
11.3.1 Oct 17, 2008: Gazprom To Build A New Gas Pipeline Via Romania 70
11.4 Other Significant Developments 71
11.4.1 Apr 10, 2010: Azerbaijan, Romania And Georgia To Ink Agreement On LNG Terminal 71
11.4.2 Apr 06, 2010: Regal Petroleum Provides Operations Update 71
11.4.3 Mar 27, 2010: ZETA Commences 3D Seismic Survey On Bobocu License In Romania 73
11.4.4 Feb 24, 2010: Aurelian Oil & Gas Provides Operations Update 73
11.4.5 Feb 19, 2010: Romania, Georgia And Azerbaijan To Sign LNG Deal 76
11.4.6 Feb 17, 2010: TransAtlantic Petroleum Provides Operations Update 76
11.4.7 Feb 17, 2010: Gazprom, Romania Discuss Bilateral Cooperation In Energy Sector 79
11.4.8 Feb 16, 2010: Sterling Resources Provides Operations Update 80
11.4.9 Feb 02, 2010: Azerbaijan, Romania Sign Memorandum On Energy Cooperation 82
11.4.10 Jan 11, 2010: Regal Petroleum Provides Operations Update 83
11.4.11 Nov 06, 2009: Melrose Resources Provides Operations Update 86
11.4.12 Oct 22, 2009: Nabucco Gas Pipeline International Intensifies Dialogue With Potential Lenders 88
11.5 New Contracts Announcements 89
11.5.1 Dec 03, 2008: ExxonMobil Signs Agreement With Petrom To Help Explore Neptun Block, Offshore Romania 89

12 Appendix 90
12.1 Methodology 90
12.1.1 Coverage 91
12.1.2 Secondary Research 92
12.1.3 Primary Research 92
12.1.4 Midstream Forecasts 92
12.1.5 Expert Panel Validation 92
12.2 Contact Us 93
12.3 About GlobalData 93
12.4 Disclaimer 94


List of Table

Table 1: Romania, Historical and Forecasted Production and Consumption of Natural Gas, Billion Cubic Feet, 1996-2020 12
Table 2: Romania, Historical and Forecasted Imports of Natural Gas, Billion Cubic Feet, 1996-2020 14
Table 3: Romania, Historical Reserves of Natural Gas, Billion Cubic Feet, 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 21
Table 7: Eastern Europe, Investment Benchmarking, Economic Performance, March 2010 25
Table 8: Eastern Europe, Country Standings, Economic Performance, March 2010 25
Table 9: Eastern Europe, Investment Benchmarking, Socio-Political Performance, March 2010 27
Table 10: Eastern Europe, Country Standings, Socio-Political Performance, March 2010 27
Table 11: Romania, Natural Gas Key Statistics, 2009 29
Table 12: Romania, Total Marketed Natural Gas Production (MMcf), 2002-2009 30
Table 13: Romania, Marketed Natural Gas Production by Type (MMcf), 2002-2009 31
Table 14: Romania, Marketed Natural Gas Production (MMcf), by Assets, 2002-2009 31
Table 15: Romania, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 32
Table 16: Romania, Market Share (%) based on Marketed Natural Gas Production, 2002-2009 33
Table 17: Romania, Marketed Natural Gas Production Forecast by Assets (MMcf), 2010-2015 34
Table 18: Romania, Number of Gas Discoveries, 2004-2009 34
Table 19: Romania, Gas Discovery Details, 2004-2009 35
Table 20: Romania, Pipeline Key Statistics, 2009 40
Table 21: Romania, Natural Gas Pipeline Length by Company (Km), 2009 40
Table 22: Romania, Natural Gas Pipelines, 2009 41
Table 23: Romania, Underground Gas Storage Key Statistics, 2009 42
Table 24: Romania, Underground Gas Storage Capacity by Company (MMcf), 2009 42
Table 25: Romania, Active Underground Gas Storage Capacity (MMcf), 2009 43
Table 26: Romania, Planned Underground Gas Storage Capacity (MMcf), 2009 43
Table 27: S.C. Petrom S.A., Key Facts 44
Table 28: Toreador Resources Corporation, Key Facts 46
Table 29: LUKOIL Oil Company, Key Facts 48
Table 30: LUKOIL Oil Company, SWOT Analysis 53
Table 31: Lime Rock Partners To Invest In $25 Million In Expert Petroleum 58
Table 32: Petrom Plans For Public Offering Of $1.4 Billion 59
Table 33: Romgaz Plans To Form A Joint Venture With Gazprom 60
Table 34: Caspian Oil And Sibinga Petroleum Enters Farm-In Agreement With AuDAX Resources 61
Table 35: Oracle Energy And Carpathian Energy Enter Into Farm-Out Agreement With Amromco Energy 62
Table 36: Aurelian To Acquire 19% Interest In Lilieci Discovery Area Bacau Concession 63
Table 37: Melrose Resources Signs Farm-In Agreement With Sterling Resources 64
Table 38: Toreador To Sell Romanian Assets To Lotus Petroleum 66
Table 39: Toreador Resources To Sell Viperesti Exploration Block To Amromco Energy 67
Table 40: Winstar To Acquire 60% Interest In The Onshore Satu Mare Concession From The Rompetrol 68

List of Chart


Figure 1: Romania, Energy Sector Split by Fuel Type, 2009 10
Figure 2: Romania, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 13
Figure 3: Romania, Natural Gas Imports, Billion Cubic Feet, 1996-2020 15
Figure 4: Romania, Natural Gas Reserves, Billion Cubic Feet, 1996-2009 17
Figure 5: Eastern Europe, Country Standings, Upstream Fiscal Attractiveness, March 2010 20
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 23
Figure 8: Eastern Europe, Country Standings, Exploration Blocks Awarded, March 2010 24
Figure 9: Eastern Europe, Country Standings, Economic Performance, March 2010 26
Figure 10: Eastern Europe, Country Standings, Socio-Political Performance, March 2010 28
Figure 11: Romania, Natural Gas Assets Map, 2009 29
Figure 12: Romania, Total Marketed Natural Gas Production (MMcf), 2002-2009 30
Figure 13: Romania, Marketed Natural Gas Production by Type (MMcf), 2002-2009 31
Figure 14: Romania, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 32
Figure 15: Romania, Market Share (%) based on Marketed Natural Gas Production, 2009 33
Figure 16: Romania, Number of Gas Discoveries, 2004-2009 34
Figure 17: GlobalData Methodology 91

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