Market Size of Indonesia 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 | < 1.83 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Indonesia Oil & Gas Midstream Market Analysis
The Indonesian oil and gas midstream market is expected to register a CAGR of less than 1.83% during the forecast period, 2020 - 2025. Factors, such as the increasing demand for natural gas and oil and the increasing production of oil in the country, are expected to boost the demand in the Indonesian oil and gas midstream market, during the forecast period. However, reduction in the oil and gas production has impeded the growth in the oil and gas midstream market.
- In 2020, the decrease in the production levels of the oil and gas in the country, in 2015 - 2018 period, has caused uncertainty in the market. Also, deals with Singapore, for providing oil through pipeline may end, as the government is shown no interest to continue the gas swapping agreement.
- Indonesia's government-owned company is expected to invest in the exploration and production of Indonesia's oil and gas fields. The investment would likely increase production and create an opportunity for cheaper oil and gas for the refineries.
- Few projects are expected to be added in the storage market in the forecast period. Marginal growth in the oil and gas sector, is expected, in the forecast period. Increase in Investment is expected to be the driver of the market.
