Market Size of Colombia 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 | > 1.52 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Colombia Oil and Gas Midstream Market Analysis
The Colombian oil and gas midstream market is expected to register a CAGR of more than 1.52% during the forecast period.
The market was negatively impacted by COVID-19. Presently the market has reached pre-pandemic levels.
Factors such as increasing production and increasing oil and gas consumption are expected to boost the demand in the Colombian oil and gas midstream market during the forecast period. Moreover, infrastructure related to the storage and LNG terminals is likely to increase as the demand for oil and gas in the country increases.
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.
The Colombian government-owned company is expected to invest in exploring and producing Colombia's oil and gas fields. The investment would likely increase production and create an opportunity for the oil and gas midstream companies in the near future.
