Colombia Oil and Gas Midstream Market Size

Statistics for the 2023 & 2024 Colombia Oil and Gas Midstream market size, created by Mordor Intelligence™ Industry Reports. Colombia Oil and Gas Midstream size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Colombia Oil and Gas Midstream Industry

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Colombia Oil and Gas Midstream Market Summary
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

Colombia Oil and Gas Midstream Market 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.

Colombia Oil and Gas Midstream Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)