South America Oil & Gas Pipeline Market growth to Grow with a robust CAGR through to 2028
Working to reduce their dependence on imported energy
resources are expected to drive the South America Oil & Gas Pipeline Market
growth in the forecast period, 2024-2028.
According to TechSci Research report, “South
America Oil & Gas Pipeline Market - By Country, Competition, Forecast and
Opportunities, 2018-2028”, the South America Oil & Gas Pipeline Market is
expected to register a robust during the forecast period, 2024-2028. The
expanding middle class in South America is contributing to a shift in lifestyle
and consumption patterns. This demographic transition is associated with an
increased demand for energy-intensive goods and services, including
transportation, appliances, and electronic devices. Meeting the energy needs of
a burgeoning middle class requires a reliable and extensive energy
infrastructure, highlighting the importance of oil and gas pipelines in
ensuring a steady supply of these essential resources.
Offshore exploration and production activities,
particularly in countries like Brazil and Guyana, offer significant
opportunities for the development of subsea pipelines. The discovery of
substantial offshore oil and gas reserves presents the opportunity to build
underwater pipeline infrastructure for the efficient transportation of
hydrocarbons from deep-sea wells to onshore processing facilities. This trend
aligns with the global industry shift towards offshore exploration and the need
for advanced subsea pipeline technologies.
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Based on source, Upstream segment has emerged as the predominant
market leader. Many South American nations exhibit resource nationalism tendencies,
where governments seek to assert control over their natural resources. This can
lead to stringent regulations, increased royalties, and changes in contractual
terms, impacting the profitability and attractiveness of upstream projects.
Navigating the evolving regulatory landscape demands a strategic approach from
oil and gas companies, including effective engagement with governmental bodies
to ensure alignment of interests. The upstream segment faces persistent
challenges related to social and environmental considerations. Indigenous
communities, environmental activists, and local populations often raise
concerns about the impact of exploration and production activities on
ecosystems and livelihoods. Balancing the economic benefits of oil and gas
extraction with environmental sustainability and social responsibility is a
delicate challenge, requiring proactive community engagement, environmental
impact assessments, and adherence to stringent environmental regulations. The
construction of pipelines in the upstream segment is pivotal for transporting
crude oil and natural gas from extraction sites to processing facilities and
eventually to downstream markets. Upstream activities often involve
cross-border projects, necessitating collaboration between multiple countries.
Transnational pipeline projects face geopolitical complexities, as well as
regulatory and political considerations.
Maximizing the recovery of hydrocarbons from reservoirs is a perpetual
challenge in the upstream segment. Enhanced Oil Recovery techniques, such as
steam injection and water flooding, are employed to improve extraction rates.
The integration of smart reservoir management systems aids in optimizing
production strategies, reservoir characterization, and the implementation of
effective EOR methods..
Based on type, Natural Gas Pipeline segment is
expected to grow during the forecast period. Natural Gas Pipelines play a
crucial role in the integration and diversification of energy sources.
Governments are investing in expanding and interconnecting natural gas pipeline
networks to facilitate the seamless transport of gas across borders. This integration
contributes to energy security, promotes regional cooperation, and allows
countries to benefit from a diversified energy portfolio. The development of
Liquefied Natural Gas (LNG) export facilities is gaining prominence in South
America. These facilities allow for the liquefaction of natural gas, enabling
its transport via specialized LNG carriers to international markets. Countries
like Argentina and Brazil are exploring opportunities to become LNG exporters,
contributing to the global natural gas trade. This trend aligns with the
region's goal of capitalizing on its abundant natural gas resources for
economic growth. The establishment of transparent and fair tariff structures is
critical for the economic viability of natural gas pipeline projects.
Regulatory bodies play a key role in determining pricing mechanisms, ensuring
that tariffs are competitive and reflective of the costs associated with
pipeline construction, operation, and maintenance. Clear and stable pricing
frameworks are essential to attract investments and sustain the growth of the
Natural Gas Pipeline segment. The concept of Renewable Natural Gas (RNG),
produced from organic waste sources, is gaining traction in South America.
Integrating RNG into existing natural gas pipeline infrastructure allows for a
more sustainable and renewable energy mix. This trend aligns with the region's
commitment to reducing carbon emissions and fostering a cleaner energy future.
Major companies operating in South America Oil &
Gas Pipeline Market are:
- Petrobras Brasileiro S.A.,
- YPF S.A.
- Ecopetrol
- Petrobras Transpetro S.A.
- Transportadora de Gas del Sur
- Gasoducto del Sur
- Repsol S.A.
- Petroamazonas
- Empresa Nacional del Petroleo
- Petroperú S.A.
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“Brazil is expected to dominate the market during the
forecast period. Brazil is endowed with significant oil and gas reserves, both onshore
and offshore. The pre-salt fields, located deep beneath the ocean floor,
contain substantial hydrocarbon resources. The exploration and production
activities in these fields have led to the development of extensive pipeline
infrastructure to transport crude oil and natural gas from offshore wells to
onshore processing and distribution facilities.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“South
America Oil & Gas Pipeline Market Segmented By Type (Crude Oil Pipeline and
Natural Gas Pipeline), By Application (Offshore and Onshore), By Source
(Upstream, Midstream and Downstream), By Country, By Competition Forecast &
Opportunities, 2018-2028”, has evaluated the future growth potential
of South America Oil & Gas Pipeline Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in South America Oil & Gas Pipeline Market.
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