Boston, MA -- (SBWIRE) -- 10/23/2014 -- Belgium's Oil and Gas sector offers little upside for growth due to a lack of indigenous reserves. A small amount of unconventional exploration may be possible targeting Belgium's coal-bed methane, but the potential exit of one of the country's key energy companies is likely to negatively impact the rate of development. Belgium is expected to remain dependant on imports throughout the forecast period with limited potential to attract any major investment in the near term despite mature infrastructure in the country.

The main trends and developments in Belgium's oil and gas sector are:

- Although we forecast both gas reserves and production to remain at zero, we highlight efforts by Dart Energy and NVM's joint venture Limburg Gas that will help to determine the feasibility of commercial recovery of coal-bed methane (CBM). The Flemish Institute of Technology estimates the Limburg area could contain 7bn cubic metres (bcm) worth of gas.
- If commercial, such volumes would ease the country's total dependence upon imports, yet at present, we believe it is more likely that any output would not only be outside our forecast period, but would stem rather than halt the country's dependence upon imports. However, Dart has previously suggested production may be possible from 2019.
- Yet, given the slow progress of efforts to commercialise unconventional prospects in the region - and reports of greater progress by Dart elsewhere in Europe, such as the UK - we do not view any commercial production of CBM as likely in our 10-year forecast period. Indeed, recent company materials describe Dart's Belgium assets as 'non-core', and outline company strategy as focusing on maximising returns which may include joint ventures, farm-outs, sale or exit..
- The world's first LNG-powered tug M / T Borg?y docked in the port of Zeebrugge to load LNG fuel in 2014. M / T Borg?y is the first tug in the world sailing on liquefied natural gas (LNG) and emits nearly thirty percent...

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The Belgium Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Belgium including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Belgium Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Belgian oil and gas industry.

Key Benefits

- Benchmark BMI's independent oil and gas industry forecasts for Belgium to test consensus views - a key input for successful budgeting and strategic business planning in the Belgian oil and gas market.
- Target business opportunities and risks in the Belgian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Belgium.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Regional Overview

Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports of oil, gas and LNG.

Business Environment Rankings

BMI's Oil and Gas Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (independents, NOCs, IOCs and oil services companies) in the upstream and downstream markets.

The rankings methodology makes sophisticated use of more than 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.

Oil Market Outlook and Oil Products Outlook

Based on our country coverage of over 99% of global oil and gas production and consumption, BMI provides demand, supply and price forecasts to end-2018 for oil, gas and oil products

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

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