China Oil and Gas Midstream Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Chinese oil and gas midstream market is expected to witness a CAGR of more than 3.04% during the forecast period of 2020 – 2025. Factors, such as increasing production and consumption of natural gas, are expected to boost the demand for the Chinese oil and gas midstream market during the forecast period. However, the decreasing production of oil in the country has caused concern in the sector, due to the possible decommissioning of pipes during the forecast period.
Key HighlightsThe China oil and gas midstream market is moderately consolidated. The major companies include China National Petroleum Corporation, POSCO, PJSC Gazprom, PJSC Transneft, and China Petroleum & Chemical Corporation.
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