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United Kingdom Oil and Gas Midstream Market - Growth, Trends, and Forecasts (2020-2025)

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  • 85 Pages
  • May 2020
  • Region: United Kingdom
  • Mordor Intelligence
  • ID: 5025394
UP TO OFF until Jun 30th 2023
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.

Key Market Trends

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.

Competitive Landscape

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.

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Table of Contents

1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
4.1 Introduction
4.2 Major Pipeline Capacity Installed and Forecast, till 2025
4.3 LNG Terminals Installed Capacity and Forecast, in MTPA, till 2025
4.4 Recent Trends and Developments
4.5 Government Policies and Regulations
4.6 Market Dynamics
4.6.1 Drivers
4.6.2 Restraints
4.7 Supply Chain Analysis
4.8 PESTLE Analysis
5.1 Transportation
5.1.1 Overview Existing Infrastructure Projects in pipeline Upcoming projects
5.2 Storage
5.2.1 Overview Existing Infrastructure Projects in pipeline Upcoming projects
5.3 LNG Terminals
5.3.1 Overview Existing Infrastructure Projects in pipeline Upcoming projects
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 SSE plc
6.3.2 E.ON SE
6.3.3 GASSCO
6.3.4 Interconnector Limited
6.3.5 BBL Company
6.3.6 Storengy SA
6.3.7 INEOS Capital Limited

Companies Mentioned

A selection of companies mentioned in this report includes:

  • SSE plc
  • E.ON SE
  • Interconnector Limited
  • BBL Company
  • Storengy SA
  • INEOS Capital Limited