Analysis indicates that capital expenditure on new land-based oil and gas transmission pipelines will be $61.8bn in 2015.
The future prospects for the industry are revealed in visiongain’s extensive 447 page report Onshore Oil & Gas Pipelines Market Report 2015-2025: How Will Unconventional Shale Oil & Gas Production Influence Pipelines Infrastructure? Find CAPEX & Length Forecasts, Contract Analysis & Top Company Profiles
Expanding production driven by the unconventional oil and gas boom, Canadian supply increases, and Middle Eastern output have complemented a growing demand situation, where consumption in nations such as Mexico and the BRICS, is creating the conditions for strong CAPEX growth. Politics too is a leading driver of development, as the EU’s gas pipeline spending is driven by a desire to diversity imports, and Russian spending is driven by the need to market more product into Asia.
The report also contains 370 tables, charts and graphs studying two submarkets, seven regions, and analysing eleven leading countries. The 2015 report accounts for fundamental market and political changes that have occurred globally and in key regions, including the oil price collapse, the expansion of the Islamic State, and revisions to growth and fuel consumption forecasts in Asia. Its research indicates that globally more spending will be dedicated to gas pipelines between 2015 and 2025, and that the market will be driven by the Asia-Pacific and North American regions.
Additionally visiongain has calculated baseline lengths of the existing oil and gas trunk/transmission pipelines network, in each region and leading country, as well as forecast anticipated length increases (and total network lengths) in the coming decade.
There are myriad factors affecting the security environment in which oil and gas assets are developed and transited. Current oil and gas infrastructure, future expansion plans, threats to physical infrastructure, regional development drives, safety, risk perception, environmental concerns, and the application of new technology are all amongst the factors that constrain and drive the global pipelines market.
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Source: ASDReports - Market Research
Date: Aug 18, 2015