Market Size of Russian Federation 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 | > 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Russian Federation Oil & Gas Midstream Market Analysis
The Russian Federation oil and gas midstream market is expected to record a CAGR of 6.5% during the forecast period.
The market studied was negatively impacted by the COVID-19 pandemic in 2020. However, the market has been recovering and has now reached pre-pandemic levels. Increasing oil and gas activities in the country and the increasing natural gas and crude oil trade with various nations across the world are expected to drive the market's growth during the forecast period. However, high volatility in crude oil and natural gas prices and the risks associated with infrastructural developments in oil and gas transportation, storage, and LNG terminal construction is anticipated to hinder the market's growth during the forecast period.
Russia holds a huge potential for increasing its oil and gas production. The country is planning to increase its gas consumption rate in its European part, which is expected to create an opportunity for the midstream market to grow during the forecast period.
