Europe Oil & Gas Pipeline Market to Cross $13.3 Billion by 2022
Owing to one of the biggest oil & gas pipeline
projects such as Trans-Saharan Gas Pipeline and Russia-South Korea projects,
Europe oil & gas pipeline market is expected to grow through 2022
According to a recently
published TechSci Research report, “Europe Oil & Gas Pipeline Market By Application, By Type, Competition Forecast &
Opportunities, 2012–2022”, oil & gas pipeline market in Europe is forecast to cross $13.38 billion
by 2022. Western Europe is the
highest demand generating region for energy in the region and is expected to
continue dominating in the coming years, as well. Hence, Western Europe is also
the largest importer of oil & natural gas in Europe. For better
transportation of these commodities, Western Europe is also expected to replace
their aging pipelines. As per United Kingdom’s
Energy and Climate Change Secretary, Amber Rudd, upcoming government policies would
be concentrated towards electricity generation, using natural gas for a cleaner
environment. Also, coal powered power stations are likely to be shut down by
2020. Hence, fueling expansion of oil & gas pipeline distribution network across
the region through the forecast period.
Browse 8 market data Tables and 39 Figures spread
through 83 Pages and an in-depth TOC on "Europe Oil & Gas Pipeline Market,
2012-2022"
Europe onshore oil & gas
industry would witness marginal increase in oil & gas pipeline market, due
to marginal increase in pipeline infrastructure investments. Pipeline
investments are expected to be majorly concentrated in the Russian Federation.
Russia is planning to build a 930 Km, South Stream natural gas pipeline across
Black Sea from Russia to Bulgaria. Turkey has approved to lay South Stream pipe
for an overall capacity of 63 BCM project, which began during the first quarter
of 2015. Of the total capacity, 14 BCM is to be used in Turkey, while the rest
would be shipped to a border through Greece.
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“Discovery of new natural gas fields
in the offshore region, in the Caspian Sea near Azerbaijan would lead to
expansion of the South Caucasus Pipeline (SCP) project that runs between
Azerbaijan and Georgia. Hence, fueling demand for oil & gas pipeline
network in Europe through the forecast period”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Europe Oil & Gas
Pipeline Market By Application, By Type, Competition Forecast &
Opportunities, 2012–2022” has evaluated the future growth
potential of Europe Oil &
Gas pipeline market and provides statistics and information on market
structure. The report is intended to provide cutting-edge market intelligence
and help decision makers take sound investment evaluation. Besides, the report
also identifies and analyzes emerging trends along with essential drivers,
challenges and trends available in Europe Oil & Gas pipeline market.
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