UK Oil & Gas Midstream Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 1.03 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
UK Oil & Gas Midstream Market Analysis
The United Kingdom oil and gas midstream market is expected to grow at a CAGR of less than 1.03% during the forecast period of 2020 - 2025. Factors such as increasing demand for natural gas and oil and increasing production of oil in the country are expected to boost the demand for the United Kingdom oil and gas midstream market during the forecast period. However, the increase in renewable energy has offset investors from making large investments into the oil and gas midstream industry.
- The transportation industry prospects in the United Kingdom seem quite optimistic because of the increase in the production levels of the oil in the country in the 2015 - 2018 period and an increase in imports through the pipelines from countries like Norway.
- Significant discoveries have been made, in 2019, West of Shetland, in the United Kingdom. In the exclusive economic zone (EEZ) of the United Kingdom. New pipelines may be used to connect the region to the mainland of the United Kingdom and act as an opportunity for the midstream companies in the region.
- Increasing production of oil in the United Kingdom is expected to increase the growth in the the United Kingdom oil and gas midstream market and act as a driver for the market.
UK Oil & Gas Midstream Market Trends
This section covers the major market trends shaping the UK Oil & Gas Midstream Market according to our research experts:
Transportation Sector to Witness Growth
- The United Kingdom has an extensive network of pipelines that carry oil extracted from North Sea platforms to coastal terminals in Scotland and in northern England.
- In 2018, natural gas imported by The United Kingdom in the form of LNG was 7.3 billion cubic meters (bcm), and the natural gas pipeline was to 42.8 bcm, this is an increase with respect to LNG imported, in 2017. Primarily due to the increasing demand for gas in the country.
- Consumption of natural gas increased in the country, by 2.3%, year on year, to 67.8 mtoe, in 2018 from 61.9 million tons of oil equivalent (mtoe), in 2015. Oil consumption in the United Kingdom has increased by 0.56 %, year on year, rising to 77.0, in 2018 from 75.3, in 2015. Increasing consumption is indicative of increasing economic growth of the country
- In 2018, Bacton-Zeebrugge Interconnector and Langeled Pipeline are the most significant operational gas pipelines in the country with 74 cubic meters and 72 cubic meters of max flow capacity, respectively.
- The United Kingdom's pipeline capacity is expected to grow slightly in the forecast period due to an increase in oil production in the country and increase in demand for oil and natural gas.
Increasing OIl Production to Drive the Market
- The United Kingdom depends on oil and gas supply prominently from its resources in the North Sea and Neighbouring countries like Norway. In 2019, most of the pipelines that the United Kingdom imports from are linked with the oil and gas fields in the North Sea.
- Oil production in the United Kingdom increased substantially, by 9.0%, to 50.8, in 2018 from 46.6, in 2017.
- In 2018, crude stocks and product stocks account for around 14.5 million tons of storage in the United Kingdom. The oil is stored in many places, including terminals and refineries.
- In 2018, Forties Oil and Gas Pipeline System (FPS) is currently under construction for an increase in distribution safety and reliability. The pipeline transports around 600,000 barrels of oil per day, which accounts for about 40% of the UK's production of oil.
- Hence, increasing the production of oil is expected to increase the growth of the sector in the forecast period.
UK Oil & Gas Midstream Industry Overview
The United Kingdom oil and gas midstream market is moderately consolidated. The major companies include Storengy SA, GASSCO , E.ON UK plc , SSE PLC , and Interconnector Limited.
UK Oil & Gas Midstream Market Leaders
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Storengy SA
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GASSCO
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E.ON UK plc
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SSE PLC
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Interconnector Limited
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ConocoPhillips Company
*Disclaimer: Major Players sorted in no particular order
UK Oil & 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 Major Pipeline Capacity Installed and Forecast, till 2025
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4.3 LNG Terminals Installed Capacity and Forecast, in MTPA, till 2025
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4.4 Recent Trends and Developments
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4.5 Government Policies and Regulations
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4.6 Market Dynamics
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4.6.1 Drivers
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4.6.2 Restraints
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4.7 Supply Chain Analysis
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4.8 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 SSE plc
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6.3.2 E.ON SE
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6.3.3 GASSCO
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6.3.4 Interconnector Limited
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6.3.5 BBL Company
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6.3.6 Storengy SA
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6.3.7 INEOS Capital Limited
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
UK Oil & Gas Midstream Industry Segmentation
The United Kingdom oil and gas midstream market report include:
| Transportation | |||||
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| Storage | |||||
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| LNG Terminals | |||||
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UK Oil & Gas Midstream Market Research FAQs
What is the current United Kingdom Oil and Gas Midstream Market size?
The United Kingdom Oil and Gas Midstream Market is projected to register a CAGR of less than 1.03% during the forecast period (2024-2029)
Who are the key players in United Kingdom Oil and Gas Midstream Market?
Storengy SA, GASSCO, E.ON UK plc, SSE PLC, Interconnector Limited and ConocoPhillips Company are the major companies operating in the United Kingdom Oil and Gas Midstream Market.
What years does this United Kingdom Oil and Gas Midstream Market cover?
The report covers the United Kingdom Oil and Gas Midstream Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United Kingdom Oil and Gas Midstream Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
UK Midstream Oil and Gas Industry Report
Statistics for the 2024 UK Midstream Oil and Gas market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UK Midstream Oil and Gas analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
