The report, now available on ASDReports, recognizes the following companies as the key players in the global natural gas pipeline market: ABB, GE Oil & Gas, Saipem, Technip, Enterprise Product Partners, and BP.
Other Prominent Vendors in the market are: Bharat Petroleum, Cairn, Caspian Pipeline Consortium, China National Petroleum, Inter Pipeline, MOL, Saudi Aramco, Sunoco, Valero Energy, Aker Solutions, Bechtel, Daewoo Engineering and Construction, Hyundai Heavy Engineering, Mott Macdonald, Tecnicas Reunidas, Worley Parson, Emerson Process Management, FMC Technologies, Huawei Technologies, Infosys, Rockwell Automation, SAP, Schneider Electric, Wipro, Yokogawa Electric, and ZTE.
Commenting on the report, an analyst said: “The current economic scenario is marked by significant collaboration between global economic powers. The global economic bandwagon, with its tow of energy-hungry developing nations, cannot rule out the energy security crises sprouting up. Therefore, one of the most positive trends that have emerged out of the historical picture is the rising collaboration between nations to share the energy resources. More and more nations are pooling in their resources and signing joint-development pacts for the planning and implementation of oil and gas pipelines.”
According to the report, one of the most important questions facing the development of any new gas or broader hydrocarbon reserves is the connectivity to the consumer markets. With the inherent limitations and the risks associated with the other transportation methods, pipelines have evolved as the most opted solution. The most important factor that favors natural gas pipelines over sea-going LNG tankers is the increasing remoteness of the next-generation reservoirs that might be far inlands. Unlike crude oil, natural gas has only two viable means of transportation, pipelines or LNG tankers. The need for humongous resource for setting up of LNG facilities is likely to driver the players to opt for pipelines.
Further, the report states that high vulnerability of natural occurrences will be a challenge for the market. The current global economic horizon has been marred by a debate regarding the balance between industrialization and environment. The results of the past decade of industrialization have provided us significant insights regarding the natural perils that can affect industries. The risks associated with the pipeline infrastructure integrity arising from the natural elements are significantly high.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Global Natural Gas Pipeline Market 2016-2020
Publish date : September 2016
Report code : ASDR-291376
Pages : 65