The Global Oil & Gas Pipeline Market is poised for growth with new projects and increased offshore activities forecasted. TechSci Research predicts robust growth for the market from 2024 to 2028.
Oil pipelines handle crude oil and natural gas liquids through three main types: collection, crude oil, and refinery systems. Collection systems gather materials from production wells, transporting them to refineries via crude pipelines. Refined products like gasoline then move through refinery piping to storage or distribution sites.
Natural gas pipelines move gas from production wells or import/export facilities to various destinations, using collection, transmission, and distribution systems. Collection pipelines gather raw materials, while major transmission lines carry gas to ports, refineries, and cities. Distribution networks then deliver products to homes and businesses via main and service lines.
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The Global Oil & Gas Pipeline Market segments include type, application, source, region, and competition. Types are crude oil and natural gas pipelines. Natural gas consumption rose to 4.191 bcm in 2022, driven by demand in industries like power and transportation. This trend will boost gas pipeline infrastructure. By 2030, the Middle East, Africa, and Asia-Pacific are expected to drive natural gas demand for environmental and energy security reasons. Russia leads LNG exports, with 201.7 bcm in 2021. LNG trade growth will drive demand for gas pipelines. Currently, 408 new gas pipelines are under construction globally, totaling 193,400 km, with 510 capacity expansions. Europe has 16 pipelines under construction, totaling 3,200 km, costing USD6.5 billion. The Baltic Pipe Project, with a budget of USD2.1 billion, will increase the EU’s gas import capacity by 10 bcm annually. New gas sources like shale gas will drive international trade and pipeline expansion.
Key market players in the Global Oil & Gas Pipeline Market are: –
- Nippon Steel Corporation
- Tenaris Inc.
- TMK Group
- Mott Macdonald Group Ltd
- Shengli Oil & Gas Pipe Holdings Limited
- United States Steel Corporation
- OMK Steel Ltd
- ChelPipe Group
- Gazprom PJSC
- British Petroleum p.l.c.
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“Expect natural gas to dominate with 408 new pipelines worldwide, totaling 193,400 km. Europe sees 16 pipelines under construction, spanning 3,200 km at a cost of USD6.5 billion. Asia-Pacific will lead, with energy consumption projected to rise by 48% by 2050, mainly driven by China, set to increase global energy consumption by 30% by 2025. China’s natural gas imports hit 162.7 bcm in 2021 to meet demand,” said Karan Chechi, Research Director at TechSci Research.
“The report ‘Oil & Gas Pipeline Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028’ assesses the market’s growth potential, providing insights on size, structure, and future growth. It aims to offer actionable intelligence for investment decisions, highlighting emerging trends, drivers, challenges, and opportunities.”
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