중국의 석유 및 가스 미드스트림 - 시장 점유율 분석, 산업 동향 및 통계, 성장 예측(2025-2030년)

The China Oil and Gas Midstream Market is expected to register a CAGR of greater than 3.04% during the forecast period.

The COVID-19 pandemic negatively impacted the market in 2020. Presently, the market has reached pre-pandemic levels.

Key Highlights

• Over the long term, increasing natural gas production and consumption are expected to boost the Chinese oil and gas midstream market during the forecast period.
• On the other hand, the decreasing oil production in the country has caused concern in the sector, which may lead to the possible decommissioning of pipes during the forecast period.
• The Chinese government's initiative to increase oil and gas production in the country is expected to provide an opportunity for the players in the midstream sector as new production fields would open new avenues for the development of oil and gas pipelines.

China Oil & Gas Midstream Market Trends

Transportation Sector to Witness Significant Growth

• China's oil and gas midstream consists of oil and gas transportation, pipelines, and storage facilities. As of 2021, the country had nearly 110,000 km of natural gas pipelines, while the oil pipeline accounted for almost 27,441 km.
• PetroChina's oil pipelines had a total length of about 7,340 km in 2021, while the gas pipelines had a full length of around 17,329 km. Overall, pipeline length decreased in 2021 compared to the previous year.
• As of 2022, the country has the largest LNG import capacity under development. The country is also planning to add over 200 million metric tons (MMT) in annual import capacity within the next few years, of which 85.3 million metric tons are already in the development stage. This capacity is higher than the project pipelines of other Asian countries such as Vietnam and Thailand.
• China produced 207.58 billion cubic meters (bcm) of natural gas in 2021, an increase of over 15 bcm compared to the previous year. The country is also witnessing increasing consumption of natural gas. The growing consumption may boost the growth of pipelines in the country during the forecast period.
• Hence, the transportation segment is expected to witness significant growth during the forecast period due to the rising production of gas and growing investment in the sector.

Increasing Oil and Gas Consumption to Drive the Market

• China is the second-largest consumer of oil and gas and the sixth-largest producer of oil and gas globally. The energy market in the country is dominated by state-owned oil and gas companies that develop the country's domestic reserves, build and operate pipelines, and manage and fill its strategic petroleum reserves (SPR).
• The country's natural gas consumption amounted to 378.7 billion cubic meters (bcm) in 2021, an increase of roughly 13% compared to the previous year. The increasing consumption incentivizes the investors for the required increase in capacity and boosts future investments, thereby boosting the industry's growth.
• With the rising demand for natural gas, the country is planning to build 23 gas storage facilities by 2030, with an investment of around USD 8.5 billion. The completion of the storage facilities, along with the upcoming gas pipelines, is expected to boost the midstream sector in the country in the future.
• In January 2022, Sinopec, a Chinese oil and gas enterprise, discovered a new oil and gas area with approximately 100 million ton of reserves in the Tarim Basin of northwest China's Xinjiang Uygur Autonomous region. These latest reserves in Sinopec's Shunbei oil and gas field are estimated to provide 88 million metric ton (MMT) of condensate oil and 290 billion cubic meters of natural gas. The new oil and gas discoveries also support the demand for oil and gas within the country.
• In October 2022, Sinopec Southwest Oil & Gas Company of China Petroleum & Chemical Corporation (Sinopec) made a new shale gas discovery in the Sichuan basin in China. The shale gas has been discovered following the drilling of the Jinshi 103HF exploratory well, which has an anticipated resource capacity of 387.8 billion cubic meters (bcm). With daily natural gas production reaching 258,600 cubic meters, the new discovery will support the oil and gas needs within the country.
• Owing to such developments and increasing oil and gas consumption, the Chinese oil and gas midstream market is expected to grow further during the forecast period.

China Oil & Gas Midstream Industry Overview

The Chinese oil and gas midstream market is moderately consolidated. The major companies include (in no particular order) China National Petroleum Corporation, POSCO, PJSC Gazprom, PJSC Transneft, and China Petroleum & Chemical Corporation.

Additional Benefits:

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

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Scope of the Study
• 1.2 Market Definition
• 1.3 Study Assumptions

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

• 4.1 Oil Production and Consumption Forecast in thousand barrels per day, till 2027
• 4.2 Natural Gas Production and Consumption in billion cubic feet per day, till 2027
• 4.3 LNG Terminals Installed Capacity and Forecast, till 2027
• 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 MARKET SEGMENTATION

• 5.1 Type
  • 5.1.1 Transportation
  • 5.1.2 LNG Terminals
  • 5.1.3 Storage

6 COMPETITIVE LANDSCAPE

• 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
• 6.2 Strategies Adopted by Leading Players
• 6.3 Company Profiles
  • 6.3.1 China National Petroleum Corporation
  • 6.3.2 POSCO
  • 6.3.3 PJSC Gazprom
  • 6.3.4 PJSC Transneft
  • 6.3.5 China Petroleum & Chemical Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS