Canada Oil and Gas Midstream Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Oil and Gas Midstream Market Analysis
The market for Canadian oil and gas midstream is expected to register a CAGR of more than 2.5% during the forecast period, 2022-2027. The Canadian oil and gas midstream market was fairly unaffected by the COVID-19 pandemic since the constant usage of storage facilities for storing hydrocarbons, usage of pipelines for fuel transportation, and resilient demand for LNG in 2020 increased the demand for midstream services in the country amid pandemic. Factors such as increasing investments in the pipeline sector and increasing production and consumption of oil and gas are expected to boost the demand for the Canada oil and gas midstream market during the forecast period. Upcoming LNG terminal projects are also expected to drive market growth. However, the high volatility of crude oil prices, coupled with a drop in consumption, is expected to hinder the Canadian oil and gas midstream market during the forecast period.
- The transportation segment is expected to dominate the Canadian oil and gas midstream market during the forecast period, owing to the upcoming pipeline projects (which are in the construction phase).
- Increasing investments and development of complex offshore fields are expected to increase the demand for midstream services. Therefore, this factor is expected to provide a great opportunity for the Canadian oil and gas midstream sector during the forecast period.
- The increasing gas pipeline network is expected to drive the growth of the Canadian oil and gas midstream market significantly during the forecast period.
Canada Oil and Gas Midstream Market Trends
This section covers the major market trends shaping the Canada Oil & Gas Midstream Market according to our research experts:
Transportation Segment Expected to Dominate the Market
- The pipeline is the most economical way of transporting natural gas, crude oil, and petroleum products over a long distance. As of 2021, Canada had 840,000 km of pipelines that supply oil and gas across the country.
- Western Canada is the largest market due to the presence of an extensive network of oil and gas pipelines across the region. Moreover, due to strict government regulations and a lack of social acceptance in the region toward crude oil pipelines, the market is shifting toward natural gas pipelines.
- In 2020, Alberta and Quebec framed a plan to develop a 750 km pipeline, which will carry natural gas from Alberta, across northern Ontario, and through the Abitibi region to a natural gas liquefaction complex at Port Saguenay. The aim is to export 11 million metric tons of LNG per year from Western Canada. The project is worth USD 13 billion and is expected to create ample opportunities for pipeline services, such as pre-commissioning and commissioning and pigging services in the coming years.
- Moreover, the country is planning to commission its Trans Mountain Pipeline Expansion Project with a capacity of 590,000 barrels per day by 2023. The length of the pipeline is 980 kilometers, and the project has an investment cost of USD 4.144 billion. As of December 2021, the natural gas pipeline Nova Gas Transmission Ltd (NGTL) had the highest capacity among all Canadian pipelines, at some 941 million cubic meters per day.
- Due to the above points, the transportation segment is expected to dominate the Canadian oil and gas midstream market in the forecast period.
Increasing Gas Pipeline Network Driving the Market Demand
- Canada is witnessing a rising demand for natural gas, particularly in the power sector. Any disruption in the gas supply can cause disruption in power generation, which, in turn, can affect gas suppliers, the power industry, along with the manufacturing sector.
- In 2020, Canada produced 165.2 billion cubic meters of natural gas, which is comparatively higher than the 160.8 bcm produced in 2015.
- In December 2021, the Canadian Energy Regulator (CER) approved the purchase of the Wolverine Lateral pipeline from NOVA Gas Transmission Ltd (NGTL) to Northern Lights Gas Co-op Ltd. TC Energy and Northern Lights are currently working on the necessary documentation to complete this purchase process.
- Moreover, in November 2021, the Alberta Energy Regulator (AER) approved the final permits for the construction of phases 2 and 3 of the Alternative Supply Pipeline. The construction of these two phases is scheduled to start in Q1 of 2022. The project is scheduled for completion by April 2022.
- Due to the above points, an increase in the gas pipeline network is expected to drive the Canada oil and gas midstream market during the forecast period.
Canada Oil and Gas Midstream Industry Overview
The Canadian oil and gas midstream market is moderately fragmented. Some of the key players in the market include Baker Hughes Company, Tenaris SA, Tetra Tech Inc., Mistras Group Inc., and Trican Well Services Ltd.
Canada Oil and Gas Midstream Market Leaders
Mistras Group Inc.
Trican Well Services Ltd.
Baker Hughes Company
Tetra Tech, Inc.
Tenaris S.A.
*Disclaimer: Major Players sorted in no particular order
Canada Oil and Gas Midstream Market News
- In February 2022, the federal government of Canada announced the halt in funding for the Trans Mountain oil pipeline expansion after the government-owned company stated that costs had surged 70% to CAD 21.4 billion, up from an estimate of CAD 12.6 billion.
- In January 2022, Enbridge purchased Pacific Trail Pipeline from Chevron Corporation. The proposed pipeline is 471-kilometer liquified natural gas (LNG) pipeline that will supply up to three billion cubic feet of LNG exports from Summit Lake to Kitimat.
Canada Oil and Gas Midstream Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Oil and Gas Operating Pipeline Length Forecast (in km), Canada, till 2027
4.3 Oil Production and Consumption Trend in thousand barrels per day, Canada, 2010-2020
4.4 Gas Production and Consumption Trend in billion cubic feet per day (bcf/d), Canada, 2010-2020
4.5 Government Policies and Regulations
4.6 Recent Trends and Developments
4.7 Market Dynamics
4.7.1 Drivers
4.7.2 Restraints
4.8 Supply Chain Analysis
4.9 PESTLE Analysis
5. MARKET SEGMENTATION
6. Sector
6.1 Transportation
6.2 Storage
6.3 LNG Terminals
7. COMPETITIVE LANDSCAPE
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Strategies Adopted by Leading Players
7.3 Company Profiles
7.3.1 Baker Hughes Company
7.3.2 Tenaris SA
7.3.3 Ledcor Group of Companies
7.3.4 Pipeworx Ltd
7.3.5 Stats Group
7.3.6 IKM Gruppen AS
7.3.7 T. D. Williamson Inc.
7.3.8 Tetra Tech Inc.
7.3.9 Mistras Group Inc.
7.3.10 Trican Well Service Ltd
- *List Not Exhaustive
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Canada Oil and Gas Midstream Industry Segmentation
The Canadian oil and gas midstream market report includes:
Canada Oil and Gas Midstream Market Research FAQs
What is the current Canada Oil and Gas Midstream Market size?
The Canada Oil and Gas Midstream Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)
Who are the key players in Canada Oil and Gas Midstream Market?
Mistras Group Inc., Trican Well Services Ltd., Baker Hughes Company, Tetra Tech, Inc. and Tenaris S.A. are the major companies operating in the Canada Oil and Gas Midstream Market.
What years does this Canada Oil and Gas Midstream Market cover?
The report covers the Canada Oil and Gas Midstream Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Canada Oil and Gas Midstream Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Natural Oil and Gas Midstream Industry Report
Statistics for the 2024 Canada Natural Oil and Gas Midstream market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Natural Oil and Gas Midstream analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
