Australia Oil and Gas Midstream Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The market for the Australian oil and gas midstream is expected to register a CAGR of more than 2.4% during the forecast period of 2020-2025. Factors, such as increasing investment in the sector and increasing production and consumption of oil and gas, are expected to boost the demand for the Australian oil and gas midstream market during the forecast period. However, the low price of natural gas coupled with the high volatility of crude oil prices is making the industry unprofitable and thereby impeding the growth of the market.
Key HighlightsThe Australian oil and gas midstream market is partially fragmented. The major companies include APA Group, SGSP (Australia) Assets Pty Ltd (SGSPAA), Exxon Mobil Corporation, Royal Dutch Shell PLC, and Chevron Corporation.
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