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

The market is segmented by Sector (Transportation, Storage and Terminal), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Market Snapshot

Market Summary - Oil & Gas Midstream Market
Study Period: 2019- 2026
Base Year: 2020
Fastest Growing Market: South America
Largest Market: North America
CAGR: 1.9 %

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Market Overview

The global operating oil and gas pipeline length was estimated to be around 2079.72 thousand km in 2020, which is expected to reach 2353.86 thousand km by the end of 2026, registering a CAGR of 1.9%. The oil and gas midstream was fairly unaffected by the COVID-19 pandemic since the constant usage of storage facilities for storing hydrocarbons, usage of pipelines for fuel transportation, and resilient demand for LNG in 2020 kept the demand for midstream services normalized. Factors such as increasing production and consumption of natural gas and refined petroleum products are expected to boost the demand for pipeline services in the coming years and are likely to drive the oil & gas midstream market during the forecast period. However, environmental concerns regarding new pipeline and transportation infrastructure are likely to restrain the growth of the oil & gas midstream market in the coming years.

  • The transportation segment is likely to dominate the market during the forecast period, due to the increasing demand for refined products.
  • Increasing investment and development of small and complex offshore fields in different regions are expected to increase the demand for midstream services. Therefore, this is expected to provide a great opportunity for the midstream sector during the forecast period.
  • South America is expected to be the fastest growing market during the forecast period, mainly due to the growing demand for LNG in countries like Chile, Brazil and Argentina.

Scope of the Report

The oil and gas midstream market report include:

Sector
Transportation
Storage and Terminals
Geography
North America
Europe
Asia Pacific
South America
Middle-East and Africa

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Key Market Trends

Transportation Sector to Dominate the Market

  • The oil and gas transportation industry is dominated by pipelines. The oil and gas supply in different regions is expected to exceed the existing transportation capacity, requiring expansions, as well as the construction of new pipelines.
  • Globally, the rising energy demand has resulted in the increase in new pipeline constructions and transportation facilities as the continuous need for energy demands new oil and gas infrastructure. This increasing energy demand has increased new terminals and pipeline construction, including oil and gas pipeline and transportation, especially in Asia-Pacific (APAC) and Africa.
  • Moreover, the largest market for the oil and gas midstream sector, North America had its pipeline infrastructure started developing over half a century ago. Hence, a lot of pipelines are old and demand expansion as per the forecasted demand rise for petroleum products and natural gas.
  • The new oil and gas exploration and production activities globally, along with an improved and efficient pipelines network for transportation, will significantly influence the market growth during the forecast period.
  • Hence, the transportation sector covers the major markets in the midstream sector. Hence, with the increasing transportation sector, the midstream sector is also expected to increase during the forecast period.
Oil and Gas Midstream Market - Transportation

South America to be the Fastest Growing Market

  • South America is expected to be the fastest-growing market for the oil & gas midstream market during the forecast period.
  • South America is home to one of the largest offshore oil & gas markets across the globe with Brazil, Venezuela, Argentina, and Colombia being a few of the major countries in the region’s oil & gas industry.
  • Major pipeline projects in Brazil include capacity expansion pipelines and newly constructed pipelines, wherein capacity expansion pipeline includes the Bolivia-Brazil pipeline (GASBOL), which is anticipated to increase the pipeline capacity to an estimated 3.6 million cubic meters by 2022.
  • In 2020, the entire South and Central American region imported a total of 13.9 billion cubic meters of LNG, which is a 5.4% increase from 2019's import, despite the COVID-19 pandemic. Major LNG importing countries of the region include Argentina, Brazil, and Chile.
  • Moreover, following the new gas law in Brazil, there are plans of at least 23 new LNG terminals in the country, of which two are in the construction phase, 10 in the licensing phase, and 11 in an initial study phase.
  • Hence, this is expected to increase the midstream market in the region during the forecast period.
Oil & Gas Midstream Market Regional Trends

Competitive Landscape

The oil and gas midstream market is moderately fragmented. Some of key players in this market include APA Group. Chevron Corporation, BP PLC, Enbridge Pipelines Inc., and Royal Dutch Shell PLC, amongst others.

Recent Developments

  • In December 2020, then Petroleum Minister of India, Dharmendra Pradhan announced a plan to invest approximately USD 60 billion for expanding the gas infrastructure in India by 2024. Through this, the government plans to increase the share of natural gas to 15% by 2030 in the country's energy mix. The investment will majorly focus on the development of pipeline networks and LNG terminal across the country.
  • In November 2020, Venture Global LNG Inc. announced that KBR Inc. had won an EPC contract as the lead contractor for Phase 1 of the Plaquemines LNG export project under development in the Gulf Coast of Plaquemines Parish, Louisiana, United States.
  • In June 2020, the Russian government approved the Energy Strategy 2035 for Russia, which aims to expand the country's gas distribution system coverage from 68.6% to 74.7% by 2024 and will reach 82.9% by 2035. The priorities include meeting domestic demand for energy, developing exports, upgrading infrastructure and improving its accessibility, achieving technological independence, digital conversion, and ensuring energy security.

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. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Oil and Gas Operating Pipeline Length Forecast (in km), till 2026

    3. 4.3 Oil Production and Consumption Trend in thousand barrels per day, 2010-2020

    4. 4.4 Gas Production and Consumption Trend in billion cubic feet per day (bcf/d), 2010-2020

    5. 4.5 Key Midstream Projects Information

      1. 4.5.1 Existing Projects

      2. 4.5.2 Projects in Pipeline

      3. 4.5.3 Upcoming Projects

    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 Porter's Five Force Analysis

      1. 4.9.1 Threat of New Entrants

      2. 4.9.2 Bargaining Power of Buyers/Consumers

      3. 4.9.3 Bargaining Power of Suppliers

      4. 4.9.4 Threat of Substitute Products

      5. 4.9.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Sector

      1. 5.1.1 Transportation

      2. 5.1.2 Storage and Terminals

    2. 5.2 Geography

      1. 5.2.1 North America

      2. 5.2.2 Europe

      3. 5.2.3 Asia Pacific

      4. 5.2.4 South America

      5. 5.2.5 Middle-East and Africa

  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 APA Group

      2. 6.3.2 Chevron Corporation

      3. 6.3.3 BP Plc

      4. 6.3.4 Enbridge Pipelines Inc.

      5. 6.3.5 Royal Dutch Shell Plc

      6. 6.3.6 Baker Hughes Company

      7. 6.3.7 Williams Inc.

      8. 6.3.8 Enlink Midstream LLC

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

**Subject to Availability

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Frequently Asked Questions

The Oil and Gas Midstream Market market is studied from 2019 - 2026.

The Oil and Gas Midstream Market is growing at a CAGR of 1.9% over the next 5 years.

South America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

APA Group , Chevron Corporation, BP PLC , Enbridge Pipelines Inc., Royal Dutch Shell PLC are the major companies operating in Oil and Gas Midstream Market.

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