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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

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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

15

THANK YOU!

SBS’17