Market Size of Colombia Oil and Gas Midstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 1.52 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Colombia Oil and Gas Midstream Market Analysis
The Colombian oil and gas midstream market is expected to register a CAGR of more than 1.52% during the forecast period.
The market was negatively impacted by COVID-19. Presently the market has reached pre-pandemic levels.
Factors such as increasing production and increasing oil and gas consumption are expected to boost the demand in the Colombian oil and gas midstream market during the forecast period. Moreover, infrastructure related to the storage and LNG terminals is likely to increase as the demand for oil and gas in the country increases.
However, regular supply disruption by rebels caused unreliability in the industry and created large-scale losses for the pipeline companies. This factor is expected to hinder the growth of the market studied in the coming years.
The Colombian government-owned company is expected to invest in exploring and producing Colombia's oil and gas fields. The investment would likely increase production and create an opportunity for the oil and gas midstream companies in the near future.
Colombia Oil and Gas Midstream Industry Segmentation
The second step, known as midstream, entails preparing, storing, and delivering crude oil, natural gas, and natural gas liquids to refineries. Before being transferred to the markets downstream, or end customers, products must be compressed and treated to remove waste. The Colombian oil and gas midstream market is segmented by Transportation, Storage, and LNG Terminals. The report offers the market size and forecasts in revenue in USD million for all the above segments.
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Colombia Oil and Gas Midstream Market Size Summary
The Colombian oil and gas midstream market is poised for modest growth, driven by increasing production and consumption of oil and gas. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. The expansion of infrastructure related to storage and LNG terminals is expected to support this growth, as demand for oil and gas continues to rise. However, the industry faces challenges due to regular supply disruptions caused by rebel activities, which have historically led to significant losses for pipeline companies. Despite these challenges, investments by the Colombian government in exploration and production are anticipated to create opportunities for midstream companies.
Colombia's midstream sector is characterized by an extensive crude oil distribution network, primarily located in the northwest and central regions of the country. The Ocensa pipeline stands out as the largest in the nation, although pipeline capacity growth is hindered by a lack of new investment proposals and ongoing security concerns. To address supply and demand imbalances, Colombia has initiated the construction of LNG import facilities, including the Buenaventura FSRU Import Terminal, which is expected to enhance the country's gas supply reliability. The market is consolidated, with major players such as Ecopetrol SA and Occidental Petroleum Corp. Despite a slight decrease in natural gas consumption, production has seen a year-on-year increase, indicating a potential for growth in the midstream sector.
Colombia 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 Market Size and Demand Forecast in USD million, until 2027
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1.3 Natural Gas Production and Consumption in million metric ton of Oil Equivalent, till 2025
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1.4 LNG Terminals Installed Capacity and Forecast in MTPA, till 2027
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1.5 Recent Trends and Developments
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1.6 Government Policies and Regulations
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1.7 Market Dynamics
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1.7.1 Drivers
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1.7.2 Restraints
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1.8 Supply Chain Analysis
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1.9 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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2.1.1.1 Existing Infrastructure
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2.1.1.2 Projects in Pipeline
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2.1.1.3 Upcoming Projects
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2.2 Storage
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2.2.1 Overview
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2.2.1.1 Existing Infrastructure
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2.2.1.2 Projects in Pipeline
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2.2.1.3 Upcoming Projects
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2.3 LNG Terminals
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2.3.1 Overview
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2.3.1.1 Existing Infrastructure
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2.3.1.2 Projects in Pipeline
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2.3.1.3 Upcoming Projects
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Colombia Oil and Gas Midstream Market Size FAQs
What is the current Colombia Oil and Gas Midstream Market size?
The Colombia Oil and Gas Midstream Market is projected to register a CAGR of greater than 1.52% during the forecast period (2024-2029)
Who are the key players in Colombia Oil and Gas Midstream Market?
Ecopetrol SA, Cenit Transporte y Logística de Hidrocarburos S.A., Occidental Petroleum Corp, Transportadora de Gas Internacional and Royal Dutch Shell PLC are the major companies operating in the Colombia Oil and Gas Midstream Market.
