DUBLIN--(BUSINESS WIRE)--The "Australia Oil and Gas Midstream Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The market for the Australian oil and gas midstream is expected to register a CAGR of more than 2.4% during the forecast period of 2020-2025.
Factors, such as increasing investment in the sector and increasing production and consumption of oil and gas, are expected to boost the demand for the Australian oil and gas midstream market during the forecast period. However, the low price of natural gas coupled with the high volatility of crude oil prices is making the industry unprofitable and thereby impeding the growth of the market.
Australia has an extensive pipeline network all over the country. The gas pipeline capacity in the country dominates the landscape relative to the oil pipelines. New pipelines are in the proposal stage and are expected to be completed during the forecast period.
Exploration and production of oil and gas fields in the region are expected to become an opportunity for the companies working in the oil and gas midstream industry as more pipeline and storage infrastructure may be required in the near future.
A significant increase in the production of gas is expected to be the most prominent driver of the market. Investment in the sector and increase in production of oil and gas is also likely to contribute to the rise in the growth of the industry.
Key Market Trends
Pipeline Sector to Witness Growth
In 2019, the Queensland Hunter Gas Pipeline was a proposed natural gas pipeline. The proposed pipeline would run from the Wallumbilla gas hub in Queensland to Newcastle, New South Wales. The pipeline is expected to have a length of, approximately, 825 kilometers (513 Miles) and a capacity of 416.1 million cubic feet per day.
Increase in Production of Natural Gas to Drive the Market
Production of natural gas increased in the country, by 15.3%, year on year, from 97.0, million metric ton oil equivalent in 2017 to 111.9 million metric ton oil equivalent, in 2018. Consumption of gas in Australia increased by 0.4%, from 35.5 Million tonnes oil equivalent (mtoe), in 2017 to 35.6 mtoe, in 2018. The increase in production is expected to boost the growth in the pipeline infrastructure.
Competitive Landscape
The Australian oil and gas midstream market is partially fragmented. The major companies include APA Group, SGSP (Australia) Assets Pty Ltd (SGSPAA), Exxon Mobil Corporation, Royal Dutch Shell PLC, and Chevron Corporation.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD million, until 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraint
4.6 Supply Chain Analysis
4.7 PESTLE ANALYSIS
5 MARKET SEGMENTATION
5.1 Sector
5.1.1 Transportation
5.1.1.1 Overview
5.1.1.1.1 Existing Infrastructure
5.1.1.1.2 Projects in Pipeline
5.1.1.1.3 Upcoming Projects
5.1.2 Storage
5.1.2.1 Overview
5.1.2.1.1 Existing Infrastructure
5.1.2.1.2 Projects in Pipeline
5.1.2.1.3 Upcoming Projects
5.1.3 LNG Terminals
5.1.3.1 Overview
5.1.3.1.1 Existing Infrastructure
5.1.3.1.2 Projects in Pipeline
5.1.3.1.3 Upcoming Projects
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 APA Group
6.3.2 SGSP (Australia) Assets Pty Ltd (SGSPAA)
6.3.3 Exxon Mobil Corporation
6.3.4 Royal Dutch Shell PLC
6.3.5 Chevron Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/18hjqd
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900