South Korea will benefit from a lower oil price environment. Not only will its refiners gain some breathing space after years of poor refining margins it also could see a lower import bill. Gas consumption is likely to trend downwards over our forecast period owing to slower economic growth in the short-term and a shift away from gas in the power sector in the longer term.

 The key trends for South Korea's oil and gas sector are: 

 *  South Korea's large refining sector will keep its crude oil import requirements high. It is also heavily exposed to the Middle East given that the region supplies more than 80% of its crude oil needs.
 *  It will be more difficult for South Korea to diversify its crude import sources away from Middle East given the latter's willingness to offer competitive rates in exchange for market share.
 *  A lower oil price environment will provide short-term relief for refining margins in South Korea.
 *  Asia will remain its dominant export market for refined oil products. Flows to Western Europe will be supported by South Korea's free trade agreement (FTA) with the EU that allows it to compete with exports from the US.
 *  South Korea is expected to remain a large LNG importer. However we forecast a slow decline in its gas import requirement...

Full Report Details at
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Partial Table of Contents:

BMI Industry View
SWOT
Industry Forecast
Oil And Gas Reserves
Table: South Korea Proven Oil And Gas Reserves And Total Petroleum Data 2012-2017
Table: South Korea Proven Oil And Gas Reserves And Total Petroleum Data 2018-2023
Oil Supply And Demand
Table: South Korea Oil Production And Net Crude Oil Exports 2012-2017
Table: South Korea Oil Production And Net Crude Oil Exports 2018-2023
Refining And Oil Products Trade
Table: South Korea Refining - Production And Consumption 2012-2017
Table: South Korea Refining - Production And Consumption 2018-2023
Gas Supply And Demand
Table: South Korea Gas Production Consumption & Net Exports 2012-2017
Table: South Korea Gas Production Consumption and Net Exports 2018-2023
LNG
Table: Major Korean LNG Supply Deals
Revenues/Import Costs
Key Risks To BMI's Forecast Scenario
Industry Risk Reward Ratings
South Korea - Industry Risk Reward Ratings
South Korea Upstream Rating - Overview
South Korea Upstream Rating - Rewards
South Korea Upstream Rating - Risks
South Korea Downstream Rating - Overview
Asia - Risk/Reward Ratings
Table: Asia's Oil & Gas Risk/Reward Ratings
The Upstream Leaders
Resource-Rich Countries Hit By State Involvement
Table: Asia Upstream Sector Risk/Reward Ratings
Downstream Support
Table: Asia O&G Downstream Risk/Reward Ratings
Market Overview
South Korea Energy Market Overview
Role Of The State
Oil And Gas Infrastructure
Oil Refineries
Table: Refineries In South Korea
Service Stations
Oil Storage
LNG Terminals
Table: LNG Terminals In South Korea
Gas Storage
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
Table: Key Players - South Korean Oil And Gas Sector
Table: Key Upstream Players
Table: Key Downstream Players
Company Profile
Korea National Oil Corporation (KNOC)
Korea Gas (Kogas)
SK Innovation
Other Summaries
Regional Overview
Asia Overview
The World's Largest Oil Guzzler
Tightening In The Downstream
Gas Market Potential Set To Outshine Oil
A Hot Market For LNG
The Centre Of The LNG Price Debate
Global Industry Overview
Global Energy Market Overview
OPEC Reconsiders Modus Operandi
Production Outages Look Likely To Persist
Global Oil Demand Picks Up
Capex Growth Cycle Shifting Gears
Table: BMI Oil Price Forecasts Annual Average USD/bbl
Appendix
Asia - Regional Appendix
Table: Oil Consumption - Historical Data & Forecasts 2011-2018 ('000b/d)
Table: Oil Consumption - Long-Term Forecasts 2015-2023 ('000b/d)
Table: Oil Production - Historical Data & Forecasts 2011-2018 ('000b/d)
Table: Oil Production - Long-Term Forecasts 2015-2023 ('000b/d)
Table: Refining Capacity - Historical Data & Forecasts 2011-2018 ('000b/d)
Table: Refining Capacity - Long-Term Forecasts 2015-2023 ('000b/d)
Table: Gas Production - Historical Data & Forecasts 2011-2018 (bcm)
Table: Gas Production - Long-Term Forecasts 2015-2023 (bcm)
Table: Gas Consumption - Historical Data & Forecasts 2011-2018 (bcm)
Table: Gas Consumption - Long-Term Forecasts 2015-2023 (bcm)
Table: LNG Exports - Historical Data & Forecasts 2011-2018 (bcm)
Table: Net LNG Exports - Long-Term Forecasts 2015-2023 (bcm)
South Korea - Refined Products Breakdown 10-year Forecasts
Table: Refined Petroleum Products Production Breakdown 2012-2017
Table: Refined Petroleum Products Production Breakdown 2018-2023
Table: Refined Petroleum Products Consumption Breakdown 2012-2017
Table: Refined Petroleum Products Consumption Breakdown 2018-2023
Table: Refined Petroleum Products Net Exports Breakdown 2012-2017
Table: Refined Petroleum Products Net Exports Breakdown 2018-2023
Glossary
Table: Glossary Of Terms
Methodology

Full Table of Contents is available at:
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