Cuba Gas Markets, 2011

Report Summary

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 Cuba. 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 and pipelines) in Cuba. The report compares the investment environment in Cuba with other countries in the region. The profiles of the major companies operating in the natural gas sector in Cuba 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 2000-2020.
• Historical and forecast data and information for all the major gas fields and pipelinesin Cuba for the period 2000-2015.
• Operator and equity details for major natural gas assets in Cuba.
• Key information relating to market regulations, key energy assets and the key companies operating in the Cuba’s energy industry.
• Information on the top companies in the Cuba 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 country’s 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 competitor’s 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 6
1.2 List of Figures 7

2 Cuba Energy Sector 8
2.1 Cuba Energy Sector, Market Overview 8
2.2 Cuba Energy Sector, Natural Gas 9
2.2.1 Cuba Natural Gas, Overview 9
2.2.2 Cuba Natural Gas, Supply and Demand Balance 9
2.2.3 Cuba Natural Gas, Regulatory Structure 12
2.2.4 Cuba Natural Gas, Infrastructure 12

3 Cuba Gas Upstream Investment Environment Benchmarking 13
3.1 Introduction 13
3.2 The Overall Ranking 13
3.3 Upstream Fiscal Attractiveness 14
3.3.1 Maximum Government Take Index 15
3.3.2 Maximum State Participation Index 15
3.3.3 Domestic Market Obligation Index 15
3.4 Gas Sector Performance 16
3.4.1 Exploration Activity 18
3.4.2 Gas Production 19
3.4.3 Gas Reserves 19
3.4.4 Gas Consumption 19
3.5 Economic Performance 20
3.5.1 GDP Growth Index 21
3.5.2 FDI Confidence Index 21
3.5.3 Balance of Trade Index 22
3.6 Socio-Political Performance 22
3.6.1 Democracy Index 24
3.6.2 Governance Index 24

4 Cuba Exploration and Production Sector 25
4.1 Cuba Exploration and Production Sector, Country Snapshot 25
4.1.1 Cuba Exploration and Production Sector, Key Data 25
4.1.2 Cuba Exploration And Production Sector, Natural Gas Assets Map 25
4.2 Cuba Exploration and Production Sector, Marketed Natural Gas Production 26
4.2.1 Cuba Exploration and Production Sector, Total Marketed Natural Gas Production 26
4.2.2 Cuba Exploration and Production Sector, Marketed Natural Gas Production by Type 27
4.2.3 Cuba Exploration and Production Sector, Marketed Natural Gas Production by Assets 28
4.2.4 Cuba Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 28
4.3 Cuba Exploration and Production Sector, Forecasted Production 28
4.3.1 Cuba Exploration and Production Sector, Marketed Natural Gas Forecasted Production 28
4.4 Cuba Exploration And Production Sector, Natural Gas Asset Details 28
4.4.1 Cuba Exploration And Production Sector, Active Natural Gas Asset Details 28
4.5 Cuba Exploration And Production Sector, Recent Discoveries 29
4.5.1 Jan 24, 2009: OVL Finds Two Hydrocarbon Leads In Cuban Deepwater Block 29
4.6 Cuba Exploration And Production Sector, Drilling and Production Updates 29
4.6.1 Mar 19, 2009: Petrobras May Commence Drilling At Offshore Cuba Within A Year 29
4.6.2 Feb 17, 2009: Cupet To Drill 24 Wells In 2009 30

5 Cuba Pipeline Sector 31
5.1 Cuba Pipeline Sector, Key Data 31
5.2 Cuba Pipeline Sector, An Overview 31
5.3 Cuba Pipeline Sector, Key Natural Gas Pipeline Companies 31
5.4 Cuba Pipeline Sector, Natural Gas Pipelines 32

6 Profile of ONGC Videsh Limited 33
6.1 ONGC Videsh Limited, Key Information 33
6.2 ONGC Videsh Limited, Company Overview 33
6.3 ONGC Videsh Limited, Business Description 33
6.3.1 Business Overview 33
6.4 ONGC Videsh Limited, SWOT Analysis 35
6.4.1 Overview 35
6.4.2 ONGC Videsh Limited Strengths 36
6.4.3 ONGC Videsh Limited Weaknesses 38
6.4.4 ONGC Videsh Limited Opportunities 38
6.4.5 ONGC Videsh Limited Threats 39

7 Profile of Norsk Hydro ASA 41
7.1 Norsk Hydro ASA, Key Information 41
7.2 Norsk Hydro ASA, Company Overview 41
7.3 Norsk Hydro ASA, Business Description 41
7.3.1 Business Overview 41
7.3.2 Energy 42
7.3.3 Extruded Products 43
7.3.4 Metal Markets 43
7.3.5 Primary Metal 44
7.3.6 Rolled Products 45
7.4 Norsk Hydro ASA, SWOT Analysis 45
7.4.1 Overview 45
7.4.2 Norsk Hydro ASA Strengths 46
7.4.3 Norsk Hydro ASA Weaknesses 48
7.4.4 Norsk Hydro ASA Opportunities 48
7.4.5 Norsk Hydro ASA Threats 50

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 54
8.3.4 LNG 55
8.3.5 Upstream 55
8.3.6 Upstream 56
8.3.7 YPF 57
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 60
8.4.4 Repsol YPF, S.A. Opportunities 61
8.4.5 Repsol YPF, S.A. Threats 62
9 Financial Deals Landscape 63
9.1 Detailed Deal Summary 63
9.1.1 Equity Offerings 63
9.1.2 Asset Transactions 64

10 Recent Developments 65
10.1 Strategy and Business Expansion 65
10.1.1 Aug 28, 2009: PetroVietnam, Zarubezhneft Sign MoU On Oil, Gas Exploration Offshore Cuba 65
10.1.2 Jul 17, 2009: Petrobras Opens New Office In Cuba 65
10.1.3 Jan 23, 2009: Pebercan Announces Termination Of Production Sharing Contract 65
10.1.4 Jan 23, 2009: Russian Group Signs MoU With Cubapetroleo 66
10.2 Other Significant Developments 67
10.2.1 Apr 05, 2011: Cuba To Drill Five Deepwater Oil Wells In Gulf Of Mexico 67
10.2.2 Jun 03, 2010: Cuba Oil Output Drops By 9% In 2009 67
10.2.3 Jan 06, 2010: Cuba Produces 65.000 Bpd Of Oil In 2009 67
10.2.4 Oct 30, 2009: Gold Oil Provides Operations Update 68
10.2.5 Aug 21, 2009: Cuba H1 2009 Fuel Oil Production Up 10.5% 70
10.2.6 Jul 29, 2009: Cuba, Russia Ink Agreement On Zarubezhneft's EEZ Gulf Operations 70
10.3 New Contracts Announcements 71
10.3.1 Nov 03, 2009: Zarubezhneft Signs Contracts For Oil Exploration In Cuba 71

11 Appendix 72
11.1 Abbreviations 72
11.2 Methodology 72
11.2.1 Coverage 72
11.2.2 Secondary Research 73
11.2.3 Primary Research 73
11.2.4 Expert Panel Validation 73
11.3 Contact Us 74
11.4 Disclaimer 74

List of Tables

Table 1: Cuba, Historic and Forecast Production and Consumption of Natural Gas, Billion Cubic Feet, 2000-2020 9
Table 2: Cuba, Historic Reserves of Natural Gas, Billion Cubic Feet, 2000-2010 11
Table 3: South and Central America, Investment Benchmarking, Overall Country Rankings, May 2011 13
Table 4: South and Central America, Investment Benchmarking, Upstream Fiscal Attractiveness, May 2011 14
Table 5: South and Central America, Investment Benchmarking, Gas Sector Performance, May 2011 16
Table 6: South and Central America, Investment Benchmarking, Economic Performance, May 2011 20
Table 7: South and Central America, Country Standings, Economic Performance, May 2011 20
Table 8: South and Central America, Investment Benchmarking, Socio-Political Performance, May 2011 22
Table 9: South and Central America, Country Standings, Socio-Political Performance, May 2011 23
Table 10: Cuba, Crude Oil Key Statistics, 2010 25
Table 11: Cuba, Total Marketed Natural Gas Production (MMcf), 2003- 2010 26
Table 12: Cuba, Marketed Natural Gas Production by Type (MMcf), 2003- 2010 27
Table 13: Cuba, Marketed Natural Gas Production by Assets (MMcf), 2003- 2010 28
Table 14: Cuba, Marketed Equity Weighted Natural Gas Production (MMcf) by Company, 2003- 2010 28
Table 15: Cuba, Marketed Natural Gas Production (MMcf), Forecast by Assets, 2011- 2015 28
Table 16: Cuba, Gas Field Assets Details 28
Table 17: Cuba, Pipeline Key Statistics, May 2011 31
Table 18: Cuba, Natural Gas Pipelines Length by Company (Km), May 2011 31
Table 19: Cuba, Natural Gas Pipelines, May 2011 32
Table 20: ONGC Videsh Limited, Key Facts 33
Table 21: ONGC Videsh Limited, SWOT Analysis 36
Table 22: Norsk Hydro ASA, Key Facts 41
Table 23: Norsk Hydro ASA, SWOT Analysis 46
Table 24: Repsol YPF, S.A., Key Facts 52
Table 25: Repsol YPF, S.A., SWOT Analysis 58
Table 26: Gold Oil Completes Private Placement Of $0.89 Million 63
Table 27: Gazprom Neft To Acquire 30% Stake In Four Offshore Blocks, Cuba 64

List of Figures

Figure 1: Cuba, Energy Consumption break-up (%), 2010 8
Figure 2: Cuba, Natural Gas Production And Consumption, Billion Cubic Feet,2000-2020 10
Figure 3: Cuba, Natural Gas Reserves, Billion Cubic Feet, 2000-2010 11
Figure 4: South and Central America, Country Standings, Upstream Fiscal Attractiveness, May 2011 15
Figure 5: South and Central America, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, May 2011 17
Figure 6: South and Central America, Country Standings, Gas Sector Performance, by Production & Consumption, May 2011 18
Figure 7: South and Central America, Country Standings, Exploration Blocks Awarded, May 2011 19
Figure 8: South and Central America, Country Standings, Economic Performance, May 2011 21
Figure 9: South and Central America, Country Standings, Socio-Political Performance, May 2011 23
Figure 10: Cuba, Natural Gas Assets Map, May 2011 25
Figure 11: Cuba, Total Marketed Natural Gas Production (MMcf), 2003- 2010 26
Figure 12: Cuba, Marketed Natural Gas Production by Type (MMcf), 2003- 2010 27