Oil and Gas Midstream - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)

The oil and gas midstream market size was valued at USD 74.90 billion in 2025 and estimated to grow from USD 77.59 billion in 2026 to reach USD 92.56 billion by 2031, at a CAGR of 3.59% during the forecast period (2026-2031). This report is Segmented by Infrastructure (Pipelines, Terminals, and Storage Facilities), Product Type (Crude Oil, Natural Gas, Refined Products, and LNG), Service Type (Pipeline Construction, Pipeline Maintenance and Repair, Storage and Handling Services, and Transportation and Logistics), and Geography (North America, Europe, Asia Pacific, South America, and Middle East and Africa).

Global Oil And Gas Midstream Market Trends and Insights

Surging U.S. LNG export capacity build-out

U.S. LNG export capacity is on track to rise 80% by 2028 as new Gulf Coast terminals come online. The projects enable the country to supply nearly one-third of global LNG by 2030, spurring investments in upstream gathering, processing, and trunkline infrastructure. Cheniere Energy reported USD 4.6 billion Q2 2025 revenue alongside USD 1.6 billion net income, highlighting robust earnings visibility under long-term take-or-pay agreements. Federal Energy Regulatory Commission approvals dictate construction pacing, yet favorable contract coverage and rising Asian demand keep final investment decisions on track. Liquefaction developers are increasingly partnering with midstream MLPs to secure feed gas and reduce balance-sheet strain.

Rising Asian gas demand shifting global flow patterns

Morgan Stanley projects 5% annual Asian gas consumption growth through 2030, dwarfing 1% in Europe. China imported 79 million tonnes of LNG in 2024 and plans to connect 150 million more residents to pipelines by 2030. India’s 27 million-tonne LNG tally in 2024, up 20% from 2023, aligns with a five-year plan to serve 30 million new consumers. Rising imports stimulate the construction of regasification terminals, storage caverns, and last-mile distribution grids. The demand wave reshapes shipping routes, drives longer-tenor offtake agreements, and underpins LNG-linked midstream tariffs. It also encourages U.S. exporters to secure destination-flexible contracts that capitalize on arbitrage.

Heightened ESG-driven capital scarcity

Large banks continue to tighten their lending to fossil fuels, prompting mid-tier lenders and private equity firms to bridge the resulting funding gaps. Sustainability-linked bonds are gaining traction as operators tie coupon step-ups to methane intensity targets. Mission Secure reports that cyber-hardened facilities cut insurance costs by USD 50,000 per site each year, partially offsetting higher financing spreads. Project developers also explore public-private partnerships to align energy-security goals with environmental mandates. Delays in capital formation lead to contingency budgets and extend payback periods.

Other drivers and restraints analyzed in the detailed report include:

• Crude-by-rail replacement with pipelines
• Aging onshore pipelines requiring replacement CAPEX
• Volatile oil price outlook dampening long-term contracts

Segment Analysis

The oil and gas midstream market size for pipelines stood at USD 33.72 billion in 2025, equal to 45.02% share, confirming the segment’s backbone status. Storage, however, is projected to expand at a 5.14% CAGR, the fastest among infrastructure categories, as power grids need flexible gas withdrawal to balance renewable intermittency. Enstor’s Mississippi Hub expansion is expected to increase working gas to 56.3 Bcf by 2028, a 2.5-fold increase that highlights investor interest in cavern assets. EnLink’s Jefferson Island Storage will add 8 Bcf capacity under long-term take-or-pay agreements, highlighting how utility customers value seasonal balancing. Cavern projects benefit from favorable geology, low operating cost, and revenue uplift from arbitrage trading between summer injection and winter withdrawal spreads.

Terminals play a critical role in supporting LNG imports, exports, and coastal refined product distribution. Bulgaria’s Chiren facility completed a 20% capacity step-up in 2024 to fortify regional supply resilience. Dubai awarded Baker Hughes its largest integrated compressor contract for the Margham expansion to manage solar-driven demand swings. Terminal operators integrate automation and advanced metering to trim boil-off gas losses and comply with International Maritime Organization regulations. Combined, these investments expand the oil and gas midstream market by raising fee-based revenue streams and enhancing network reliability.

Complete Report Scope:

• By Infrastructure
  • Pipelines
  • Terminals
  • Storage Facilities (Underground and Above-ground)
• By Product Type
  • Crude Oil
  • Natural Gas
  • Refined Products
  • LNG
• By Service Type
  • Pipeline Construction
  • Pipeline Maintenance and Repair
  • Storage and Handling Services
  • Transportation and Logistics
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Norway
    • United Kingdom
    • Russia
    • Netherlands
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN Countries
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Qatar
    • Nigeria
    • South Africa
    • Rest of Middle East and Africa

Geography Analysis

North America's oil and gas midstream market size reached USD 22.64 billion in 2025, accounting for a 30.22% share, driven by established networks, regulatory clarity, and robust LNG export pipelines. Permian Basin gathering buildouts, such as Matterhorn Express, and Enterprise's Midland Basin acquisitions, highlight a pivot from greenfield to optimization projects. Replacement CAPEX and brownfield loopings dominate spend, while cybersecurity mandates from the Transportation Security Administration widen compliance budgets.

The Asia-Pacific region advances at a 4.74% CAGR through 2031, the swiftest among all regions, as coal-to-gas switching accelerates. Countries target household pipeline penetration and peak-shaving storage, driving demand for steel pipes and the rollout of compressive stations. LNG import share eclipses indigenous supply growth, prompting flexible contract structures indexed to Henry Hub rather than oil-linked Japan Korea Marker prices. Geopolitical diversification strategies favor U.S. and Qatari cargoes, reducing the risk of single-supplier dependence and increasing voyage-charter activity.

Europe moderates as energy-security upgrades converge with decarbonization imperatives that prioritize hydrogen networks. South America channels investment to offshore pre-salt gas monetization, notably in Brazil. The Middle East and Africa rely on modular floating LNG to monetize remote fields, while regional storage expansions act as a buffer against seasonal demand spikes. Collectively, these geographically diverse investments sustain a balanced growth profile for the oil and gas midstream market.

List of Companies Covered in this Report:

• Enbridge Inc.
• Kinder Morgan Inc.
• Enterprise Products Partners L.P.
• TC Energy Corporation
• Williams Companies Inc.
• Energy Transfer L.P.
• Plains All American Pipeline L.P.
• ONEOK Inc.
• Magellan Midstream Partners L.P.
• Cheniere Energy Inc.
• Pembina Pipeline Corporation
• Chevron Corporation
• BP p.l.c.
• Shell p.l.c.
• Gazprom
• Saudi Aramco (Aramco Midstream)
• QatarEnergy
• APA Group
• Baker Hughes Company (Midstream Solutions)
• Eni S.p.A. (Midstream)

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support