dynamics of the oil and gas industry. the effect on...
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1 SBS’17
06/2017
V. Nachev
NBU
Dynamics of the Oil and Gas industry.
The effect on Bulgaria
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Fuel consumption by region 2016
Source:BP
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Oil prediction…
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Distribution of proved oil reserves: 1996, 2006 and 2016
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3 Reasons Oil Should Head Back To $50
Reason one: The biggest IPO in history and tension in the Middle East.
Reason two: Russian and U.S. vested interest.
Reason three: Global demand.
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Crude oil prices 1861-2016
Source:BP
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Natural Gas
8 Sources: IEA
SBS’16
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Distribution of proved gas reserves: 1996, 2006 and 2016
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Gas prices $/mmBtu
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Source: BP
Major gas trade movements 2016 Trade flows worldwide (billion cubic metres)
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Chances for Bulgaria
Балкан
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Bulgarian fuel market
60% vs 40%
Control mechanism
Domestic production
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Bulgarian fuel market
22/06/16- 1,96 лв/л. 22/06/17- 2,02 лв/л.
$50/bbl
$45/bbl
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THANK YOU!
SBS’17
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