Market Size of Southeast Asia 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 | > 1.44 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Southeast Asia Oil & Gas Midstream Market Analysis
Southeast Asia oil and gas midstream market is expected to grow at a CAGR of over 1.44% during the forecast period of 2020 - 2025. Factors such as increasing demand for natural gas and oil and increasing investment are expected to boost the demand for the Southeast Asia oil and gas midstream market during the forecast period. However, decreasing the production of oil and gas in the region is expected to impede the growth in the market.
- The pipeline capacity in the region is expected to witness growth in the forecast period as many countries, in the region, are investing in their pipeline, storage, and LNG terminals projects. Increasing the consumption of oil and natural gas is also expected to aid growth.
- Major overhauling of oil and gas laws in large countries like Indonesia are expected to lead to an increase in foreign direct investment in the country and thereby increase the growth in the oil and gas midstream sector.
- Thailand oil and gas midstream industry are expected to witness growth in the forecast period due to the upcoming pipeline infrastructure projects in the country and increase in consumption of oil.
