Libya Oil and Gas Midstream Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 0.44 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Libya Oil and Gas Midstream Market Analysis
The Libyan oil and gas midstream market is expected to register a CAGR of more than 0.44% during the forecast period of 2020 - 2025. Factors, such as increasing production of oil and gas, are expected to boost the demand in the Libyan oil and gas midstream market during the forecast period. However, the civil war in the country has severely impacted the growth in the oil and gas midstream sector.
- Libya has a pipeline network that is spread all over the country. The capacity of the pipelines is expected to remain stagnant in the forecast period, due to a lack of investment in the sector.
- The growth in the oil and gas midstream sector has been severely impeded due to the ongoing civil war in the country. However, in 2019, as most of the country had come under the military coalition, the prospects of the civil war ending in the forecast period have increased. It can become an opportunity for companies in the market.
- Increase in oil and gas production is expected to be the driver for the market in the forecast period. The country has a lot of potential in the sector, as it has high quality oil and is nearer to the prosperous European countries, with high oil and gas consumption requirements.
Libya Oil and Gas Midstream Market Trends
This section covers the major market trends shaping the Libya Oil & Gas Midstream Market according to our research experts:
Growth of the Pipeline Sector to Remain Stagnant
- The pipeline sector is quite developed in the country. Most of the pipelines connect the oil and gas fields to different parts of the country, where oil and gas can be further refined and exported. Most of the exports from the country go toward the countries in Europe.
- As of 2019, the Libya Coastal Gas Pipeline was the largest gas pipeline in the country, with a capacity of 370 million cubic feet per day. The pipeline provides natural gas in one of the densest parts of the country.
- Production of natural gas increased in the country, by 2.2%, from 8.2 million metric ton of oil equivalent in 2017 to 8.4 million metric ton of oil equivalent, in 2018. The value of petroleum exports is approximately USD 17,141 million. The increase in the production of natural gas positively affects the midstream industry.
- Hence, the growth in pipeline capacity is expected to remain stagnant in the forecast period, due to little investment in the sector.
Increasing Production of Oil and Gas to Drive the Market
- The oil production increased in the country, by 8.7%, from 43.8 million metric ton in 2017 to 47.5 million metric ton in 2018. The increase in oil production in the country is expected to provide some growth in the sector.
- One of the most essential Libya's crude oil blends is the Amna, with an API gravity of 37.0, high quality and low sulfur 0.17% crude oil. The oil grade is of excellent quality and requires a low level of refining maintenance and equipment.
- The Wafa-Mellitah oil pipeline is an oil and condensate pipeline, with a capacity of at least 120,000 barrels per day. The pipeline is one of the largest oil pipelines, by capacity, in the country.
- The Libyan oil and gas midstream industry is expected to grow slightly in the forecast period, due to an anticipated increase in the production of oil and gas.
Libya Oil and Gas Midstream Industry Overview
The Libyan oil and gas midstream market is moderately consolidated. Some of the major companies include National Oil Corporation, ConocoPhillips Corporation, Eni SpA, Total SA, and Suncor Energy Inc.
Libya Oil and Gas Midstream Market Leaders
National Oil Corporation
ConocoPhillips Corporation
Eni S.P.A.
Total SA
Suncor Energy Inc.
*Disclaimer: Major Players sorted in no particular order
Libya Oil and Gas Midstream Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Scope of the Study
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1.2 Market Definition
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1.3 Study Assumptions
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Market Size and Demand Forecast in USD million, till 2025
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4.3 Recent Trends and Developments
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4.4 Government Policies and Regulations
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4.5 Market Dynamics
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4.5.1 Drivers
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4.5.2 Restraints
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4.6 Supply Chain Analysis
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4.7 PESTLE ANALYSIS
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5. MARKET SEGMENTATION
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5.1 Transportation
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5.1.1 Overview
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5.1.1.1 Existing Infrastructure
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5.1.1.2 Projects in Pipeline
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5.1.1.3 Upcoming Projects
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5.2 Storage
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5.2.1 Overview
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5.2.1.1 Existing Infrastructure
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5.2.1.2 Projects in Pipeline
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5.2.1.3 Upcoming Projects
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5.3 LNG Terminals
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5.3.1 Overview
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5.3.1.1 Existing Infrastructure
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5.3.1.2 Projects in Pipeline
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5.3.1.3 Upcoming Projects
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
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6.3.1 National Oil Corporation
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6.3.2 ConocoPhillips Corporation
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6.3.3 Eni SpA
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6.3.4 Total SA
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6.3.5 Suncor Energy Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Libya Oil and Gas Midstream Industry Segmentation
The Libyan oil and gas midstream market report includes:
| Transportation | |||||
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| Storage | |||||
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| LNG Terminals | |||||
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Libya Oil and Gas Midstream Market Research FAQs
What is the current Libya Oil and Gas Midstream Market size?
The Libya Oil and Gas Midstream Market is projected to register a CAGR of greater than 0.44% during the forecast period (2024-2029)
Who are the key players in Libya Oil and Gas Midstream Market?
National Oil Corporation, ConocoPhillips Corporation, Eni S.P.A., Total SA and Suncor Energy Inc. are the major companies operating in the Libya Oil and Gas Midstream Market.
What years does this Libya Oil and Gas Midstream Market cover?
The report covers the Libya Oil and Gas Midstream Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Libya Oil and Gas Midstream Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Libya Oil and Gas Midstream Industry Report
Statistics for the 2024 Libya Oil and Gas Midstream market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Libya Oil and Gas Midstream analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
