Press Release

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"

https://www.techsciresearch.com/report/europe-oil-gas-pipeline-market-by-application-midstream-downstream-upstream-by-type-saw-seamless-erw-polyethylene-composites-competition-forecast-and-opportunities/1004.html

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, 2012–2022has 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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Europe Oil & Gas Pipeline Market By Application (Midstream, Downstream, Upstream), By Type (SAW, Seamless, ERW, Polyethylene & Composites), Competition Forecast and Opportunities, 2012–2022

Oil and Gas | May, 2017

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

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