India Oil and Gas Report Q3 2009

Table of Contents

Executive Summary 7
SWOT Analysis9
India Political SWOT 9
India Economic SWOT 10
India Business Environment SWOT 11
India Energy Market Overview12
Regional Energy Market Overview 16
Oil Supply And Demand 16
Table: Asia Pacific Oil Consumption (000b/d) 17
Table: Asia Pacific Oil Production (000b/d) 18
Oil: Downstream 19
Table: Asia Pacific Oil Refining Capacity (000b/d) 19
Gas Supply And Demand 20
Table: Asia Pacific Gas Consumption (bcm) 20
Table: Asia Pacific Gas Production (bcm) 21
Liquefied Natural Gas 22
Table: Asia Pacific LNG Exports/(Imports) (bcm) 22
Business Environment Ranking 23
Asia Pacific Region 23
Composite Scores 23
Table: Regional Upstream Business Environment Rating 24
Table: Regional Downstream Business Environment Rating 25
Upstream Scores 25
Downstream Scores 26
India Upstream Rating - Overview 26
India Upstream Rating - Potential Returns 26
India Upstream Rating - Risks To Potential Returns 26
India Downstream Rating - Overview 27
India Downstream Rating - Potential Returns 27
India Downstream Rating - Risks To Potential Returns 27
Business Environment 28
Legal Framework 28
Infrastructure 30
Labour Force 31
Foreign Investment Policy 32
Tax Regime 34
Security Risk 35
Industry Forecast Scenario 36
Oil And Gas Reserves 36
Oil Supply And Demand 36
Gas Supply And Demand 38
LNG 39
Refining And Oil Products Trade 40
Revenues/Import Costs 40
Table: India Oil & Gas - Historical Data & Forecasts 41
Other Energy 42
Table: India Other Energy - Historical Data & Forecasts 46
Key Risks To BMI' s Forecast Scenario 46
Long-Term Energy Outlook 46
Macroeconomic Outlook 47
Table: India - Economic Activity 50
Competitive Landscape51
Executive Summary 51
Table: Key Players - India Oil & Gas Sector 52
Overview/State Role 52
Table: Key Upstream Players 56
Table: Key Downstream Players 56
Company Monitor57
Oil & Natural Gas Corporation (ONGC) 57
Indian Oil Corporation (IOC) 63
Hindustan Petroleum Company Ltd (HPCL) 66
Bharat Petroleum Corporation Ltd (BPCL) 69
Reliance Industries 71
GAIL (India) 75
Cairn India 77
Oil India - Summary 81
BP - Summary 81
BG - Summary 81
Shell - Summary 82
Total - Summary 82
Oilex - Summary 82
GSPC - Summary 84
Eni - Summary 85
Essar - Summary 85
Glossary of Terms87
Oil & Gas Ratings: Revised Methodology 88
Introduction 88
Ratings Overview 88
Table: BMI Oil & Gas Business Environment Ratings: Structure 89
Indicators 90
Table: BMI Oil & Gas Business Environment Upstream Ratings: Methodology 90
Table: BMI Oil & Gas Business Environment Downstream Ratings: Methodology 91
Oil & Gas Outlook: Long-Term Forecasts 93
Regional Oil Demand 93
Table: Asia Pacific Oil Consumption (000b/d) 93
Regional Oil Supply 94
Table: Asia Pacific Oil Production (000b/d) 94
Regional Refining Capacity 95
Table: Asia Pacific Oil Refining Capacity (000b/d) 95
Regional Gas Demand 96
Table: Asia Pacific Gas Consumption (bcm) 96
Regional Gas Supply 97
Table: Asia Pacific Gas Production (bcm) 97
India Country Overview 97
Methodology & Risks To Forecasts 98
BMI Forecast Modelling99
How We Generate Our Industry Forecasts 99
Energy Industry 100
Cross Checks 100
Sources 100