This analysis, now available on ASDReports, indicates that capital expenditure on new land-based oil and gas transmission pipelines will be $68.7Bn in 2016.
The future prospects for the industry are revealed in this extensive 357 page report the Onshore Oil & Gas Pipelines Market Report 2016-2026.
Expanding production driven by the American unconventional oil and gas boom, Canadian oil sand supply increases, and Middle Eastern output have complemented a growing demand situation, where consumption in nations such as Asia Pacific and South America 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 diversify imports away from Russia, and Russian spending is driven by the need to market more product to Asia, particularly in light of EU climate change reform.
The report also contains 309 tables, charts and graphs studying two submarkets, seven regions, and analysing eleven leading countries. The 2016 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 2016 and 2026, and that the market will be driven by the Asia-Pacific and North American regions.
Additionally the key player 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 a multitude of 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 affect the global pipelines market.
The lead analyst for the report commented that:
“Deferred projects and delayed construction have led to an uncertain environment within the pipeline industry this year. Low oil prices, environmental constraints and increased violence in the Middle East and Africa are a few of the contributing factors. Despite this, strong investment in both oil and gas onshore pipelines is expected within the next decade to supply energy for the rising global demand.”
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Sep 22, 2016