The global oil and gas pipeline operator market is projected to grow at a considerable CAGR of 6.5% during the forecast period. The expansion and launch of gas pipeline projects have significantly contributed to the growth of the oil and gas pipeline operator market. These initiatives have been undertaken to meet the increasing demand for safe, reliable, and efficient transportation of oil and gas resources. With the expansion of pipeline infrastructure, operators can enhance their capacity and cater to the growing needs of the industry. For instance, in January 2023, Eni, an Italian multinational oil and gas company, launched a major gas development project in Libya. The project involves the development of two gas fields, Structures "A" and "E", located in contractual area D, offshore Libya.
Browse the full report description of “Oil and Gas Pipeline Operator Market Size, Share & Trends Analysis Report by Type (Gas Pipe and Oil Pipe) and by Application (Domestic Pipeline Operator and Cross-border Pipeline Operator) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/oil-and-gas-pipeline-operator-market
The combined gas production from the two structures will start in 2026 and reach a plateau of 750 million standard gas cubic feet/ day. The project is aimed at increasing gas supply to the Libyan domestic market as well as providing exports to Europe. The project is expected to cost $8 billion. Moreover, the launch of new pipeline projects enables the transportation of resources to previously underserved areas, unlocking new markets and opportunities. These advancements in pipeline infrastructure not only improve operational efficiency but also promote economic growth and energy security. For instance, in January 2021, The Kochi-Mangalore Natural Gas Pipeline a 450 km long natural gas pipeline built by GAIL (India) Ltd. The pipeline carries natural gas from Kochi in Kerala through Ernakulam, Thrissur, Palakkad, Malappuram, Kozhikode, Kannur, and Kasargod to Mangalore in Karnataka. The pipeline will boost economic growth in Kerala and Karnataka. The oil and gas pipeline operator market continues to witness substantial expansion and advancements driven by the ongoing development of gas pipeline projects. For instance, in February 2020, ONEOK, a midstream service provider, expanded two of its natural gas pipelines, including the Elk Creek Pipeline, which carries natural gas liquids from the Bakken to a terminal in Kansas. The company added 10 pump stations along the line to increase capacity from 240,000 barrels per day (bpd) to 400,000 bpd. ONEOK also plans to expand its West Texas LPG pipeline, which carries NGL from the Permian Basin to Houston, adding 100,000 bpd capacity to the pipeline.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- includes Pao TMK, Tenaris S.A.,Mott MacDonald, Nippon Steel Group, EITEP GmbH, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Oil and Gas Pipeline Operator Market Report Segment
By Type
By Application
Global Oil and Gas Pipeline Operator Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/oil-and-gas-pipeline-operator-market