Market Size of China Oil and Gas Midstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 3.04 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Oil & Gas Midstream Market Analysis
The Chinese oil and gas midstream market is expected to witness a CAGR of more than 3.04% during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2020. Presently, the market has reached pre-pandemic levels.
- Over the long term, increasing natural gas production and consumption are expected to boost the Chinese oil and gas midstream market during the forecast period.
- On the other hand, the decreasing oil production in the country has caused concern in the sector, which may lead to the possible decommissioning of pipes during the forecast period.
- The Chinese government's initiative to increase oil and gas production in the country is expected to provide an opportunity for the players in the midstream sector as new production fields would open new avenues for the development of oil and gas pipelines.
