Middle East Oil & Gas Pipeline Market is anticipated
to grow at a steady pace in the forecast period,
2024-2028. The market is anticipated
to be driven by rising investments,
expanding gas infrastructure development, and expanding desalination plant
capacity over the forecast period. Furthermore, the Middle Eastern region
produced 1,297.3 metric tons of crude oil in 2020, which made up 31.1% of the
world's total production.
Pipelines are underground
conduits used to distribute and transport fluids. Oil, oil byproducts, or
natural gas are typically the fluids mentioned when discussing pipelines in an
energy context. It will be necessary to use pipelines to carry hydrogen fuel if
it is widely developed. Pipelines also transport other fluids, such as water. Steel
or plastic tubes used to construct oil pipelines are often underground. Pump stations located along the pipelines move
the oil through the pipes. Natural Gas Liquids are formed by pressurizing
natural gas and other gaseous fuels (NGLs). Carbon steel is used in the
construction of natural gas pipelines. Transporting hydrogen through a pipe is
known as hydrogen pipeline transport. Because they are safer than roads or
trains for moving supplies, pipelines are frequently the target of military
attacks during conflicts.
Natural gas, natural gas liquids, and crude oil are transported across
long distances, typically across continents, nations, and states, through pipes
larger than 24 inches in diameter. These pipelines are used to transport goods
from the production regions to distribution locations. Moreover, they function
between 200 and 1200 pounds per square inch at a very high temperature.
Transmission pipelines can be up to 42 inches in diameter.
Increasing
demand for crude oil and natural gas in developing countries fueling the market
growth
To
meet this predicted rise in demand, production, and commerce, the Middle East
plays a crucial role. The region is anticipated to raise its production share
from 30% of the predicted global oil output now to 40% in 2025. Due to this,
its share of the anticipated 70 million barrels per day world oil trade in 2025
will rise to 50%. Likewise, it is anticipated that by that time, the region
will account for 30% of all worldwide natural gas trading, having already
doubled its current share. This supply outlook will undoubtedly be influenced
by the various uncertainties surrounding energy policies and the advancement of
alternative energy sources and technology, such as efforts to transition to a
hydrogen economy, subsidized renewables like biofuels, and the increased market
penetration of hybrid vehicles. This atmosphere of unpredictability is
exacerbated by geopolitical concerns and prejudice towards Middle Eastern
energy imports in some nations. With a combined capacity of 800,000 barrels per
day, there has been construction of two grassroots refinery joint ventures, one
on each of Saudi Arabia's Red Sea and Gulf Coasts. Additionally, there has been
expansion and renovation of in-Kingdom refineries to increase capacity by
around 200,000 barrels per day. These intend to begin production at a rate of
2.35 million barrels per day from seven locations. A net increase of 1.5
million barrels per day will be achieved, 1.1 million of which will be Arab
Light quality. Arab Extra and Arab Super Light crudes will be the last to be
used. The remaining modifications enhance existing capabilities, including
making up for deterioration caused by nature. A further USD 2 billion is
reportedly spent annually to maintain capacity and counteract natural decline
in addition to these investments.
Growing
technological advancements in the oil & gas
New technology in the oil and natural
gas industries have made it feasible for the "Shale Revolution" in
Middle Eastern production expansion, which has resulted in a rise in output.
Producers can now access oil and gas deposits from low-permeability geological
strata that were previously too expensive to extract by combining hydraulic
fracturing with horizontal drilling. The three primary categories of tertiary
production processes are thermodynamic, chemical, and gas injection techniques.
The most widely used of the three methods involves the use of gas and involves
the displacement of any remaining hydrocarbons from tightly bound geological
pores as well as the liquefaction of massive quantities of highly compressed
CO2 into existing oil reserves in order to loosen the rock. The vast majority
of oil and gas companies are currently employing this method on land. They
enhance pressure in deposits' hidden fissures using cutting-edge technologies
to find these previously unreachable riches.
Growth of the industries with shale gas
reserves
The market for Oil & Gas Pipeline is
expected to be driven in the future years by the increase in demand for shale
gas and the great potential of several unexplored gas and oil deposits
throughout the world. The industry outlook is expected to improve in the future
due to the increased focus on exploration and production activities in region with
abundant shale gas deposits.
Increasing use of gas pipelines in
residential as well as commercial applications
Natural gas is now being used by sectors like
power generation, manufacturing, residential, commercial, and chemical plants,
which is expected to hasten the expansion of the Oil & Gas Pipeline market. The need for gas pipeline
infrastructure is anticipated to increase throughout the forecast period as
governments around the world enforce tough rules to
reduce GHG emissions. By linking gas sources to gas-consuming markets, gas
pipeline infrastructure provides an efficient and secure way to transfer
natural gas. The structure and growth of the gas market are governed by the
grid of gas pipelines. To ensure enough supply and fair distribution of natural
gas throughout the region, an interconnected National Gas Grid has been
envisioned. Natural gas is used in the business sector to heat buildings and
water, run refrigeration and cooling systems, cook, dry clothing, and provide
outdoor lighting. Natural gas is sometimes used as a fuel in combined heat and
power systems by some commercial consumers.
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Recent Development
· The Sharjah National
Oil Corporation (SNOC) purchased seamless steel pipes from TMK in March 2021 to
transmit Mahani Gas output to the SNOC Sajaa Gas Plant in Sharjah, United Arab
Emirates. It took 5,000 tons of 16-inch line pipes to build a 22-kilometer
pipeline that transported corrosive natural gas from the Mahani field to gas
processing facilities.
· Aramco announced in
December 2021 that it has agreed to a USD 15.5 billion lease and leaseback
agreement with a group managed by BlackRock Real Assets and Hassana Investment
Company for the use of its gas pipeline network in Saudi Arabia. The need for
line pipes is significantly increasing as gas production rises to 119,000
million standards cubic meters in 2020. Likewise, Saudi Arabia is anticipated
to rule the Middle Eastern region's market for oil and gas line pipes thanks to
major refining projects.
· Baker Hughes created
innovative designs for flexible pipes used in the oil and gas sector in 2020.
Composite carbon fiber materials are used in the new designs. These pipes
require less equipment to install because they are lower in weight and simpler
to install. Such advancements promote production by enhancing the performance,
speed, and flexibility of pipelines, which increases the demand for offshore
pipes. The market for MEA Oil & Gas Pipeline is anticipated to increase as
a result of the discovery of new oil and gas deposits.
Market Segmentation
The Middle East Oil & Gas
Pipeline Market is divided into Type, Application, Sector, Country and Competitive
Landcsape. Based on type, the market is divided into Crude Oil Pipeline and Natural
Gas Pipeline. Based on Application, the market is divided into Onshore and Offshore.
Based on Sector, the market is divided into Upstream, Midstream and Downstream.
Based on country, the market is divided into Saudi Arabia, UAE, Qatar, Kuwait,
Bahrain and Rest of Middle East.
Market Players
Major
market players in the Middle East Oil & Gas Pipeline
Market are Abu Dhabi Metal Pipes & Profiles
Industries Complex LLC, Jindal SAW Ltd, ArcelorMittal, Arabian Pipes Company,
Rezayat Group, EEW Group, Sumitomo Corporation, and Vallourec SA.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 –
2021
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Estimated Year
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2023
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Forecast Period
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2024
– 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028.
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Report coverage
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Revenue
forecast, company share, growth factors, and trends
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Segments covered
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By Type
By Application
By Source
By Country
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Country scope
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Saudi Arabia, UAE, Qatar, Kuwait, Bahrain and Rest of Middle
East
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Key companies profiled
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Abu Dhabi Metal Pipes & Profiles Industries Complex LLC, Jindal
SAW Ltd, ArcelorMittal, Arabian Pipes Company, Rezayat Group, EEW Group,
Sumitomo Corporation, and Vallourec SA
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Customization scope
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10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
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Report Scope:
In this report, the Middle East Oil & Gas
Pipeline Market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Middle East Oil & Gas Pipeline
Market,By Type:
- Crude Oil Pipeline
- Natural Gas Pipeline
- Middle East Oil & Gas Pipeline
Market, By Application:
- Middle East Oil & Gas Pipeline
Market, By Sector:
- Upstream
- Midstream
- Downstream
- Middle East Oil & Gas Pipeline
Market, By Country:
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- Bahrain
- Rest of Middle East
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in the Middle East Oil
& Gas Pipeline Market.
Available Customizations:
Tech Sci Research offers customizations
according to a company's specific needs. The following customization options
are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Middle East Oil & Gas Pipeline Market is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]