Market Size of East Africa Oil and Gas Midstream Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 5.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
East Africa Oil & Gas Midstream Market Analysis
The market for the East Africa oil and gas midstream market is expected to grow at a CAGR of more than 5 % during the forecast period of 2020 - 2025. Factors such as increasing production and consumption of oil and gas are expected to boost the demand for the East Africa oil and gas midstream market during the forecast period. However, instability in countries like South Sudan and Somalia are impeding growth in the market.
- The transportation sector in the region requires investment to grow further. Some of the projects are under construction, but due to instability, financial strains, and economic unviability, they have faltered to deliver better results.
- Countries like Mozambique and Tanzania have vast reserves of Natural gas, which, if produced economically, may act as a catalyst to further the growth in the sector and may become an opportunity for the companies working in the industry.
- Kenya has a vast coastline that can be used by neighboring countries to export their oil and gas to the world. Friendy relations with neighboring countries and increasing level of infrastructure is expected to provide growth to the market.
East Africa Oil & Gas Midstream Industry Segmentation
East Africa oil and gas midstream market report include:
Geography | |
Kenya | |
Mozambique | |
Tanzania | |
Rest of East Africa |
East Africa Oil and Gas Midstream Market Size Summary
The East Africa oil and gas midstream market is poised for growth, driven by increasing production and consumption of oil and gas in the region. Despite challenges such as political instability in countries like South Sudan and Somalia, which hinder market expansion, there are significant opportunities in nations like Mozambique and Tanzania, where vast natural gas reserves exist. The development of infrastructure, particularly in Kenya, is expected to facilitate oil and gas exports, enhancing regional connectivity and trade. The region's growing demand for oil and gas, fueled by rising purchasing power and consumption, is attracting investments aimed at expanding capacity and infrastructure, thereby supporting market growth.
Investment in the midstream sector is anticipated to increase, with Kenya playing a pivotal role in regional expansion efforts. Collaborative projects, such as the Lamu Port-South Sudan Pipeline, are expected to enhance export capabilities and strengthen economic ties between countries. The construction of significant pipelines, like the Mozambique-South Africa Gas pipeline, underscores the region's commitment to boosting its midstream capacity. The market is moderately consolidated, with key players including Total S.A., China National Petroleum Corporation, Petróleos de Moçambique SA, Eni S.p.A., and Kenya Pipeline Company Ltd., all contributing to the sector's development and growth prospects in the forecast period.
East Africa Oil and Gas Midstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraint
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Transportation
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2.2 Storage
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2.3 LNG Terminals
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2.4 Geography
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2.4.1 Kenya
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2.4.2 Mozambique
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2.4.3 Tanzania
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2.4.4 Rest of East Africa
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East Africa Oil and Gas Midstream Market Size FAQs
What is the current East Africa Oil and Gas Midstream Market size?
The East Africa Oil and Gas Midstream Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in East Africa Oil and Gas Midstream Market?
Total S.A., China National Petroleum Corporation, Petróleos de Moçambique SA, Kenya Pipeline Company Ltd. and Eni S.p.A. are the major companies operating in the East Africa Oil and Gas Midstream Market.