Colombia Oil and Gas Midstream Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Colombia Oil and Gas Midstream Market is segmented by Transportation, Storage, and LNG Terminals.

Market Snapshot

Colombia Oil and Gas Midstream Market - Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >1.52 %

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Market Overview

The Colombian oil and gas midstream market is expected to register a CAGR of more than 1.52% during the forecast period of 2020 – 2025. Factors, such as increasing production and increasing consumption of oil and gas, are expected to boost the demand in the Colombian oil and gas midstream market during the forecast period. However, regular supply disruption by rebels caused unreliability in the industry and created large-scale losses for the pipeline companies. This factor is expected to hinder the growth of the market studied in the coming years.

  • More than 80% of the pipeline capacity in the country is owned by the government enterprise of Ecopetrol. No new pipelines were under construction or proposal stage in 2019. The pipeline capacity is expected to remain stagnant during the forecast period.
  • The Colombian government-owned company is expected to invest in the exploration and production of Colombia's oil and gas fields. It is likely that the investment would increase production and create an opportunity for the oil and gas midstream companies in the near future.
  • Increasing gas oil and production and further plans to increase the output are expected to drive the market. Moreover, infrastructure related to the storage and LNG terminals is likely to increase, as the demand for oil and gas in the country increases.

Scope of the Report

The Colombian oil and gas midstream market report includes:

Transportation
Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
Storage
Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects
LNG Terminals
Overview
Existing Infrastructure
Projects in Pipeline
Upcoming Projects

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Key Market Trends

Pipeline Sector to Remain Stagnant

  • Colombia has an extensive crude oil distribution infrastructure, which is primarily located in the northwest and center of the country close to most of the crude oil and gas production. As of 2018, Colombia had seven major oil pipelines and three major gas pipelines.
  • Natural gas production in Colombia comes from two primary sources: associated gas from inland fields (Cusiana, Cupiagua, and Pauto Sur) and unassociated gas from offshore fields (Chuchupa field).
  • In 2018, the total capacity of oil pipelines in the country is approximately 1,380,000 barrels per day. Ocensa pipeline, with a length of 520 miles (835 km) and a capacity of 590,000 barrels per day, is the largest pipeline in the country.
  • The oil production increased in the country, by 1.4%, from 854 thousand barrels per day (kbpd), in 2017 to 866 kbpd, in 2018. The oil consumption in the country increased, by 0.74%, year on year, from 342 thousand barrels per day (kbpd), in 2017 to 332 kbpd, in 2018.
  • Hence, pipeline capacity is expected to remain stagnant during the forecast period due to no new investment proposal being made in the pipeline sector. Also, continuous attacks on pipelines by the rebels make them a risky investment.
Oil Production

Increase in Investment to Drive the Market

  • Buenaventura FSRU Import Terminal, an LNG Terminal, is being constructed in the country. The terminal is expected to come online by 2023.
  • In 2019, Royal Vopak acquired a stake in the Colombian LNG import facility, Sociedad Portuaria el Cayao (SPEC), in Cartagena. It is the only working LNG import facility in Colombia.
  • In 2018, Colombia had about 3,100 miles (5000 km) of natural gas pipelines with a total capacity of 864 million cubic feet per day (mmscfpd). The largest gas pipeline in the country is Barrancabermeja–Nevia–Bogota pipeline, with a capacity of 436 mmscfpd.
  • Consumption of natural gas increased in the country, by 3.93%, year on year, from 9.6 million metric ton of oil equivalent (mtoe), in 2015 to 11.2 mtoe, in 2019. Production of gas in Colombia increased significantly by 2.64%, year on year, from 10.0 Million metric ton oil equivalent, in 2015 to 11.1 Million metric ton oil equivalent, in 2018.
  • The Colombian oil and gas midstream industry is expected to grow slightly over the forecast period due to an increase in investment and an anticipated increase in the consumption of oil and gas.
Natural Gas Production

Competitive Landscape

The Colombian oil and gas midstream market is consolidated. Some of the major companies include Ecopetrol SA, Cenit Transporte y Logística de Hidrocarburos SA, Occidental Petroleum Corp, Transportadora de Gas Internacional, and Royal Dutch Shell PLC.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD million, until 2025

    3. 4.3 Natural Gas Production and Consumption in million metric ton of oil equivalent, till 2025

    4. 4.4 LNG Terminals Installed Capacity and Forecast in MTPA, till 2025

    5. 4.5 Recent Trends and Developments

    6. 4.6 Government Policies and Regulations

    7. 4.7 Market Dynamics

      1. 4.7.1 Drivers

      2. 4.7.2 Restraints

    8. 4.8 Supply Chain Analysis

    9. 4.9 PESTLE ANALYSIS

  5. 5. MARKET SEGMENTATION

    1. 5.1 Transportation

      1. 5.1.1 Overview

        1. 5.1.1.1 Existing Infrastructure

        2. 5.1.1.2 Projects in Pipeline

        3. 5.1.1.3 Upcoming Projects

    2. 5.2 Storage

      1. 5.2.1 Overview

        1. 5.2.1.1 Existing Infrastructure

        2. 5.2.1.2 Projects in Pipeline

        3. 5.2.1.3 Upcoming Projects

    3. 5.3 LNG Terminals

      1. 5.3.1 Overview

        1. 5.3.1.1 Existing Infrastructure

        2. 5.3.1.2 Projects in Pipeline

        3. 5.3.1.3 Upcoming Projects

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Exxon Mobil Corporation

      2. 6.3.2 Ecopetrol SA

      3. 6.3.3 Fluor Corporation

      4. 6.3.4 Chevron Corporation

      5. 6.3.5 Shell Colombia SA

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Colombia Oil and Gas Midstream Market market is studied from 2016 - 2026.

The Colombia Oil and Gas Midstream Market is growing at a CAGR of >1.52% over the next 5 years.

Ecopetrol SA, Cenit Transporte y Logística de Hidrocarburos S.A., Occidental Petroleum Corp, Transportadora de Gas Internacional, Royal Dutch Shell PLC are the major companies operating in Colombia Oil and Gas Midstream Market.

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