Market Size of Russian Federation 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 | > 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Russian Federation Oil & Gas Midstream Market Analysis
The Russian Federation oil and gas midstream market is expected to record a CAGR of 6.5% during the forecast period.
The market studied was negatively impacted by the COVID-19 pandemic in 2020. However, the market has been recovering and has now reached pre-pandemic levels. Increasing oil and gas activities in the country and the increasing natural gas and crude oil trade with various nations across the world are expected to drive the market's growth during the forecast period. However, high volatility in crude oil and natural gas prices and the risks associated with infrastructural developments in oil and gas transportation, storage, and LNG terminal construction is anticipated to hinder the market's growth during the forecast period.
Russia holds a huge potential for increasing its oil and gas production. The country is planning to increase its gas consumption rate in its European part, which is expected to create an opportunity for the midstream market to grow during the forecast period.
Russian Federation Oil & Gas Midstream Industry Segmentation
Midstream activities include the processing, storing, transporting, and marketing of oil, natural gas, and natural gas liquids.
The Russian federation oil and gas midstream market is segmented by type. By type, the market is segmented into transportation, storage, and LNG terminals. For each segment, the installed capacity and forecasts have been done based on revenue (USD billion).
| By Type | |
| Transportation | |
| Storage | |
| LNG Terminals |
Russian Federation Oil and Gas Midstream Market Size Summary
The Russian Federation oil and gas midstream market is poised for growth, driven by increasing oil and gas activities and expanding trade with various nations. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. Russia's strategic plans to boost gas consumption in its European regions present significant opportunities for the midstream sector. Despite challenges such as price volatility and infrastructural risks, the market is expected to benefit from Russia's substantial natural gas reserves and its position as a leading global producer. The transportation segment, particularly pipelines, is anticipated to dominate the market, supported by Russia's critical role in supplying natural gas to the European Union and its efforts to enhance liquefied natural gas (LNG) capacity.
Russia's midstream market is further bolstered by its ambitious LNG development plans, aiming to increase export capacity significantly by 2025. The country has expanded its LNG terminal capabilities, with major projects like Yamal LNG and Sakhalin II leading the way. Proposed projects such as Arctic LNG-2 and Yakutia LNG are set to further enhance the sector's capacity. The market is moderately consolidated, with key players including Transneft PJSC, Gazprom PAO, NK Rosneft PAO, Novatek PAO, and Total SA. The resumption of gas supplies to Europe via Nord Stream 2 highlights the strategic importance of Russia's midstream infrastructure in meeting global energy demands.
Russian Federation 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 Key Projects Information, 2022
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraint
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1.6 Supply Chain Analysis
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1.7 PESTLE ANALYSIS
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Transportation
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2.1.2 Storage
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2.1.3 LNG Terminals
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Russian Federation Oil and Gas Midstream Market Size FAQs
What is the current Russian Federation Oil and Gas Midstream Market size?
The Russian Federation Oil and Gas Midstream Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)
Who are the key players in Russian Federation Oil and Gas Midstream Market?
Transneft PJSC, Gazprom PAO, NK Rosneft PAO, Novatek PAO and Total SA are the major companies operating in the Russian Federation Oil and Gas Midstream Market.
