Market Size of East Africa Oil and Gas Midstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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East Africa Oil & Gas Midstream Market Analysis
The market for the East Africa oil and gas midstream market is expected to grow at a CAGR of more than 5 % during the forecast period of 2020 - 2025. Factors such as increasing production and consumption of oil and gas are expected to boost the demand for the East Africa oil and gas midstream market during the forecast period. However, instability in countries like South Sudan and Somalia are impeding growth in the market.
- The transportation sector in the region requires investment to grow further. Some of the projects are under construction, but due to instability, financial strains, and economic unviability, they have faltered to deliver better results.
- Countries like Mozambique and Tanzania have vast reserves of Natural gas, which, if produced economically, may act as a catalyst to further the growth in the sector and may become an opportunity for the companies working in the industry.
- Kenya has a vast coastline that can be used by neighboring countries to export their oil and gas to the world. Friendy relations with neighboring countries and increasing level of infrastructure is expected to provide growth to the market.
