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Spain Gas Markets, 2010

Published By :

GlobalData

Published Date : Apr 2010

Category :

Natural Gas

No. of Pages : 114 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 Spain. 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 Spain. The report compares the investment environment in Spain with other countries in the region. The profiles of the major companies operating in the natural gas sector in Spain 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 Spain for the period 2000-2013.
  • Operator and equity details for major natural gas assets in Spain.
  • Key information relating to market regulations, key energy assets and the key companies operating in the Spains energy industry.
  • Information on the top companies in the Spain 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 Spain Energy Sector 10
2.1 Spain Energy Sector, Market Overview 10
2.2 Spain Energy Sector, Natural Gas 11
2.2.1 Spain Natural Gas, Overview 11
2.2.2 Spain Natural Gas, Supply and Demand Balance 11
2.2.3 Spain Natural Gas, Regulatory Structure 17
2.2.4 Spain Natural Gas, Infrastructure 17

3 Spain Oil 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 21
3.4.1 Exploration Activity 24
3.4.2 Gas Production 25
3.4.3 Gas Reserves 25
3.4.4 Gas Consumption 25
3.5 Economic Performance 26
3.5.1 GDP Growth Index 27
3.5.2 FDI Confidence Index 27
3.5.3 Balance of Trade Index 28
3.6 Socio-Political Performance 28

4 Spain Exploration And Production Sector 31
4.1 Spain Exploration and Production Sector, Country Snapshot 31
4.1.1 Spain Exploration and Production Sector, Key Data 31
4.1.2 Spain Natural Gas Sector, Assets Map 31
4.2 Spain Exploration and Production Sector, Marketed Natural Gas Production 32
4.2.1 Spain Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 32
4.2.2 Spain Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type 33
4.2.3 Spain Exploration and Production Sector, Marketed Natural Gas Production by Assets 34
4.2.4 Spain Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 34
4.2.5 Spain Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 35
4.3 Spain Exploration and Production Sector, Marketed Natural Gas Forecasts 36
4.3.1 Spain Exploration and Production Sector, Marketed Natural Gas Forecasted Production 36
4.4 Spain Exploration And Production Sector, Natural Gas Asset Details 37
4.4.1 Spain Exploration And Production Sector, Active Natural Gas Asset Details 37
4.4.2 Spain Exploration And Production Sector, Planned Natural Gas Asset Details 37
4.5 Spain Exploration and Production Sector, Recent Discoveries 37
4.5.1 Jun 28, 2009: Repsol Announces Two New Oil Discoveries In Tarragona Region, Spain 37
4.6 Spain Exploration and Production Sector, Drilling and Production Updates 38
4.6.1 Jan 25, 2010: Leni Gas & Oil Provides December 2009 Production Update 38
4.6.2 Apr 15, 2009: Repsol To Halt Production From Cartagena Refining Plant In Spain 40

5 Spain Pipeline Gas Sector 41
5.1 Spain Pipeline Gas Sector, Key Data 41
5.2 Spain Pipeline Gas Sector, An Overview 41
5.3 Spain Pipeline Gas Sector, Comparison of Key Natural Gas Pipeline Companies 41
5.4 Spain, Natural Gas Pipelines 42

6 Spain LNG Sector 45
6.1 Spain LNG Sector, Key Data 45
6.2 Spain LNG Sector, Regasification 45
6.2.1 Spain LNG Sector, Regasification, Total Regasification Capacity 45
6.2.2 Spain LNG Sector, Market Shares By Company 46
6.2.3 Spain LNG Sector, Regasification Capacity by Terminal 47
6.2.4 Spain LNG Sector, Regasification, Contracted Vs. Non-Contracted Capacity 48

7 Spain Underground Gas Storage Sector 49
7.1 Spain Underground Gas Storage Sector, Key Data 49
7.2 Spain Underground Gas Storage Sector, An Overview 49
7.3 Spain Underground Gas Storage Sector, Storage Capacity by Area 49
7.4 Spain Underground Gas Storage Sector, Market Share by Company 50
7.5 Spain Underground Gas Storage Sector, Storage Capacity 51
7.5.1 Spain Underground Gas Storage Sector, Storage Capacity of Active Terminals 51
7.5.2 Spain Underground Gas Storage Sector, Storage Capacity of Planned Terminals 51

8 Profile of Repsol YPF, S.A. 52
8.1 Repsol YPF, S.A., Key Information 52
8.2 Repsol YPF, S.A., Company Overview 52
8.3 Repsol YPF, S.A., Business Description 52
8.3.1 Business Overview 52
8.3.2 Downstream 53
8.3.3 Gas Natural SDG 55
8.3.4 LNG 55
8.3.5 Upstream 56
8.3.6 YPF 58
8.4 Repsol YPF, S.A., SWOT Analysis 58
8.4.1 Overview 58
8.4.2 Repsol YPF, S.A. Strengths 59
8.4.3 Repsol YPF, S.A. Weaknesses 61
8.4.4 Repsol YPF, S.A. Opportunities 61
8.4.5 Repsol YPF, S.A. Threats 62

9 Profile of Compania Espanola de Petroleos, S.A. (CEPSA) 64
9.1 Compania Espanola de Petroleos, S.A. (CEPSA), Key Information 64
9.2 Compania Espanola de Petroleos, S.A. (CEPSA), Company Overview 64
9.3 Compania Espanola de Petroleos, S.A. (CEPSA), Business Description 64
9.3.1 Business Overview 64
9.3.2 Exploration and Production 65
9.3.3 Gas and Power 66
9.3.4 Petrochemicals 67
9.3.5 Refining and Distribution 69
9.4 Compania Espanola de Petroleos, S.A. (CEPSA), SWOT Analysis 70
9.4.1 Overview 70
9.4.2 Compania Espanola de Petroleos, S.A. (CEPSA) Strengths 70
9.4.3 Compania Espanola de Petroleos, S.A. (CEPSA) Weaknesses 71
9.4.4 Compania Espanola de Petroleos, S.A. (CEPSA) Opportunities 72
9.4.5 Compania Espanola de Petroleos, S.A. (CEPSA) Threats 73

10 Profile of Compania Logistica de Hidrocarburos CLH, S.A. 74
10.1 Compania Logistica de Hidrocarburos CLH, S.A., Key Information 74
10.2 Compania Logistica de Hidrocarburos CLH, S.A., Company Overview 74
10.3 Compania Logistica de Hidrocarburos CLH, S.A., Business Description 74
10.3.1 Business Overview 74

11 Financial Deals Landscape 76
11.1 Detailed Deal Summary 76
11.1.1 Rumored Deals 76
11.1.2 Acquisition 78
11.1.3 Equity Offerings 89

12 Recent Developments 91
12.1 Strategy and Business Expansion 91
12.1.1 Jun 18, 2009: Ecopetrol Transfers Assets From Its Subsidiary In Spain 91
12.2 Other Significant Developments 91
12.2.1 Mar 24, 2010: Gas Natural Signs EUR4 Billion Syndicated Loan Facility With 18 Banks 91
12.2.2 Mar 17, 2010: Iberdrola To Deliver LNG To DONG Energy From 2011 91
12.2.3 Feb 09, 2010: CLH Plans To Invest Around EUR120 Million For Development Of Its 2007-11 Strategic Plan 92
12.2.4 Jan 26, 2010: CLH Appoints Robert Edward Verrion To Board 94
12.2.5 Nov 18, 2009: Gas Natural Inaugurates Huelva-Ayamonte Gas Pipeline In Andalusia, Spain 94
12.2.6 Nov 12, 2009: Repsol To Cut Capex In 2010 94
12.2.7 Nov 09, 2009: MEDGAZ Delays Pipeline Start-Up 95
12.2.8 Oct 29, 2009: GAIL To Import Spot LNG Cargo In November 2009 95
12.2.9 Oct 08, 2009: Repsol Appoints New Board Members 97
12.2.10 Aug 26, 2009: Leni Gas & Oil Provides Operations Update 97
12.2.11 Aug 18, 2009: Eurogas To Raise Funds For Castor Underground Gas Storage Facility In Spain 101
12.2.12 Jul 20, 2009: EDP Reinforces Gas Regulated Activities In Spain 101
12.2.13 Jul 19, 2009: Spain, France In Talks To Build New Gas Pipeline: Enagas Says 102
12.2.14 Jul 13, 2009: Iberdrola Publishes Its 2007-2008 Innovation Report, Invested EUR138 Million During This Period 102
12.2.15 Jul 01, 2009: Endesa Appoints Rafael Robredo As Chairman And Jose Antonio Gutierrez As General Manager Of Endesa Foundation 104
12.2.16 Jun 25, 2009: CEPSA Allocates EUR1,579 Million Towards Capital Expenditures In 2008 105
12.2.17 Jun 23, 2009: Spain, Nigeria Discuss Energy Cooperation 107
12.3 New Contracts Announcements 107
12.3.1 Feb 01, 2010: Hyperdynamics Extends Letter Of Intent With Repsol 107
12.3.2 Oct 07, 2009: Hegh LNG Signs Three-Year Time Charter With Repsol 108
12.3.3 Sep 24, 2009: JP Kenny Wins Three-Year Project Management Contract For Gas Storage Development Initiative 108
12.3.4 Sep 24, 2009: J P Kenny Receives Project Management Contract From ACS Cobra For Gas Storage Development Initiative 109

13 Appendix 110
13.1 Methodology 110
13.1.1 Coverage 111
13.1.2 Secondary Research 112
13.1.3 Primary Research 112
13.1.4 Midstream Forecasts 112
13.1.5 Expert Panel Validation 112
13.2 Contact Us 113
13.3 About GlobalData 113
13.4 Disclaimer 114

List of Table


Table 1: Spain, Historical and Forecasted Production and Consumption of Natural Gas, Billion Cubic Feet, 1996-2020 12
Table 2: Spain, Historical and Forecast Imports of Natural Gas, Billion Cubic Feet, 1996-2020 14
Table 3: Spain, Historical Reserves of Natural Gas (Bcf), 1996-2009 16
Table 4: Western Europe, Investment Benchmarking, Overall Country Rankings, March 2010 19
Table 5: Western Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, March 2010 20
Table 6: Western Europe, Investment Benchmarking, Gas Sector Performance, March 2010 22
Table 7: Western Europe, Investment Benchmarking, Economic Performance, March 2010 26
Table 8: Western Europe, Country Standings, Economic Performance, March 2010 26
Table 9: Western Europe, Investment Benchmarking, Socio-Political Performance, March 2010 28
Table 10: Western Europe, Country Standings, Socio-Political Performance, March 2010 29
Table 11: Spain, Natural Gas Key Statistics, 2009 31
Table 12: Spain, Total Marketed Natural Gas Production (MMcf), 2002-2009 32
Table 13: Spain, Marketed Natural Gas Production by Type (MMcf), 2002-2009 33
Table 14: Spain, Marketed Natural Gas Production (MMcf), by Assets, 2002-2009 34
Table 15: Spain, Marketed Equity Weighted Natural Gas Production (MMcf) by Company, 2002-2009 34
Table 16: Spain, Market Share (%) based on Marketed Natural Gas Production, 2002-2009 35
Table 17: Spain, Marketed Natural Gas Production (MMcf), Forecast by Assets, 2010-2015 36
Table 18: Spain, Active Gas Field Asset Details 37
Table 19: Spain, Planned Gas Field Asset Details 37
Table 20: Spain, Pipeline Key Statistics, 2009 41
Table 21: Spain, Natural Gas Pipelines, 2009 42
Table 22: Spain, Natural Gas Pipelines, 2009 (Contd1) 43
Table 23: Spain, Natural Gas Pipelines, 2009 (Contd.2) 44
Table 24: Spain, LNG Key Statistics, 2009 45
Table 25: Spain Regasification Capacity (Bcf), 2000-2015 45
Table 26: Spain, LNG Regasification Capacity (Bcf), 2000-2015 45
Table 27: Spain, LNG Regasification Capacity by Company (Bcf), 2000-2015 46
Table 28: Spain, Regasification Capacity by Terminal (Bcf), 2000-2015 47
Table 29: Spain, Contracted and Non-Contracted LNG Regasification Capacities (Million Tonnes), 2000-2015 48
Table 30: Spain Underground Gas Storage Key Statistics, 2009 49
Table 31: Spain, Underground Gas Storage Capacity by Company (MMcf), 2009 50
Table 32: Spain, Underground Gas Storage Market Share by Company (%), 2009 50
Table 33: Spain, Active Underground Gas Storage Capacity (MMcf), 2009 51
Table 34: Spain, Planned Underground Gas Storage Capacity (MMcf), 2009 51
Table 35: Repsol YPF, S.A., Key Facts 52
Table 36: Repsol YPF, S.A., SWOT Analysis 59
Table 37: Compania Espanola de Petroleos, S.A. (CEPSA), Key Facts 64
Table 38: Compania Espanola de Petroleos, S.A. (CEPSA), SWOT Analysis 70
Table 39: Compania Logistica de Hidrocarburos CLH, S.A., Key Facts 74
Table 40: Sinopec Plans To Acquire 20% Stake In Repsol From Sacyr Vallehermoso 76
Table 41: Oman Oil To Acquire 5% Stake In Enagas From Gas Natural For $220.48 Million 78
Table 42: Gas Natural Acquires Additional 34.75% Stake In Union Fenosa 79
Table 43: Banco Santander And Union Fenosa To Sell 37.5% Stake In Cepsa To International Petroleum Investment 80
Table 44: Caixa And Sacyr Vallehermoso Terminates Sale Of Minority Interest In Repsol 81
Table 45: Gazprom Terminates The Acquisition Of 20% Stake In Repsol 82
Table 46: Total Terminates The Acquisition Of 20% Interest In Repsol 84
Table 47: Naturgas Energia Acquires Inverduero 85
Table 48: Enbridge Sells 25% Interest In The CLH 86
Table 49: Nuon Acquires 100% Interest In Nederland Petroleum From ConocoPhillips 88
Table 50: Gas Natural SDG Completes Rights Offering Of $4,429 Million 89

List of Chart


Figure 1: Spain, Energy Sector Break-Up, 2009 10
Figure 2: Spain, Historical and Forecasted Production and Consumption of Natural Gas, Billion Cubic Feet, 1996-2020 13
Figure 3: Spain, Natural Gas Imports, Billion Cubic Feet, 1996-2020 15
Figure 4: Spain, Natural Gas Reserves (Billion Cubic Feet), 1996-2009 17
Figure 5: Western Europe, Country Standings, Upstream Fiscal Attractiveness, March 2010 21
Figure 6: Western Europe, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, March 2010 23
Figure 7: Western Europe, Country Standings, Gas Sector Performance, by Production & Consumption, March 2010 24
Figure 8: Western Europe, Country Standings, Exploration Blocks Awarded, March 2010 25
Figure 9: Western Europe, Country Standings, Economic Performance, March 2010 27
Figure 10: Western Europe, Country Standings, Socio-Political Performance, March 2010 29
Figure 11: Spain Natural Gas Assets Map, 2009 31
Figure 12: Spain, Total Marketed Natural Gas Production (MMcf), 2002-2009 32
Figure 13: Spain, Marketed Natural Gas Production by Type (MMcf), 2002-2009 33
Figure 14: Spain, Marketed Equity Weighted Natural Gas Production (MMcf) by Company, 2002-2009 35
Figure 15: Spain, Market Share (%) based on Marketed Natural Gas Production, 2009 36
Figure 16: Spain, Natural Gas Pipeline Length by Company (Km), 2009 41
Figure 17: Spain, LNG Regasification Capacity by Company (Bcf), 2000-2015 46
Figure 18: Spain, Underground Gas Storage Capacity by Area (%), 2009 49
Figure 19: GlobalData Methodology 111

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