Market Size of Brazil Oil and Gas Midstream Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Brazil Oil and Gas Midstream Market Analysis
The Brazilian oil and gas midstream market is projected to register a CAGR of over 3.5 % during the forecast period.
In 2020, COVID-19 had a detrimental effect on the market. Presently, the market has reached pre-pandemic levels.
- Over the medium term, factors such as increasing oil and gas activities in the country and the increasing natural gas trade from neighboring countries are expected to drive the growth of the Brazilian oil and gas midstream market during the forecast period.
- On the other hand, Brazil's shift toward renewable sources for electricity generation poses a huge threat to the oil and gas midstream sector and is likely to restrain the Brazilian oil and gas midstream market.
- Nevertheless, the demand for oil is expected to increase to three million barrels per day, while the demand for gas is expected to increase to 82 billion cubic meters by 2040 in Brazil. In a bid to meet the rising demand for oil and gas, the pipeline capacities are expected to get expanded, and new pipeline projects are expected to get commissioned, which is expected to create an opportunity for the country's midstream market in the near future.
Brazil Oil and Gas Midstream Industry Segmentation
The midstream sector pertains to transporting and storing crude oil and natural gas extracted. It includes infrastructure such as crude oil and natural gas pipelines, gas treatment plants, natural gas liquefaction plants, and liquefied gas and regasification storage.
The Brazilian oil and gas midstream market is segmented by transportation, storage, and LNG terminals. For each segment, market sizing and forecasts have been done based on revenue (USD billion).
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Brazil Oil and Gas Midstream Market Size Summary
The Brazilian oil and gas midstream market is poised for growth, driven by increasing oil and gas activities and expanding natural gas trade with neighboring countries. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. Despite the country's shift towards renewable energy sources posing challenges, the demand for oil and gas is expected to rise significantly, prompting expansions in pipeline capacities and the commissioning of new projects. This growth is supported by Brazil's substantial oil production, primarily from deep-water fields, and its strategic investments in gas pipeline infrastructure, including significant projects like the Transport Gas Pipeline Plan 2022-2026.
Pipelines play a crucial role in Brazil's midstream sector, facilitating the transportation of natural gas and crude oil. The country's extensive pipeline network, operated by key players such as Petrobras, is set to expand with numerous announced projects. These developments are expected to enhance Brazil's position in the global oil and gas market, supported by technological advancements and increased infrastructure. The market's consolidation is evident with major companies like Petroleo Brasileiro SA and Total SA leading the charge. Strategic partnerships and investments, such as those involving Kanfer Shipping AS and Petrobras, further underscore the dynamic nature of Brazil's midstream sector, positioning it for continued growth in the coming years.
Brazil Oil and Gas Midstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Brazil Oil and Gas Midstream Market in USD billion, till 2028
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1.3 Brazil LNG Terminals Installed Capacity and Forecast, in MTPA, till 2028
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1.4 Recent Trends and Developments
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1.5 Government Policies and Regulations
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1.6 Market Dynamics
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1.6.1 Drivers
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1.6.2 Restraints
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1.7 Supply Chain Analysis
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1.8 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Transportation
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2.1.1 Overview
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2.1.2 Key Projects
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2.1.2.1 Existing Projects
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2.1.2.2 Projects in Pipeline
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2.1.2.3 Upcoming Projects
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2.2 Storage
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2.2.1 Overview
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2.2.2 Key Projects
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2.2.2.1 Existing Infrastructure
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2.2.2.2 Projects in Pipeline
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2.3 LNG Terminals
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2.3.1 Overview
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2.3.2 Key Projects
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2.3.2.1 Existing Infrastructure
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2.3.2.2 Projects in Pipeline
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2.3.2.3 Upcoming Projects
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Brazil Oil and Gas Midstream Market Size FAQs
What is the current Brazil Oil and Gas Midstream Market size?
The Brazil Oil and Gas Midstream Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in Brazil Oil and Gas Midstream Market?
Petroleo Brasileiro SA, Total SA, Alvopetro Energy Ltd, Gas TransBoliviano SA and Engie SA are the major companies operating in the Brazil Oil and Gas Midstream Market.
