Denmark Oil and Gas Midstream Market

Denmark Oil and Gas Midstream Market Outlook

The Denmark oil and gas midstream market size was values at USD XX Billion in 2022 and is likely reach to USD XX Billion by 2031, expanding at a CAGR of 3.49% during the forecast period, 2023–2031. The growth of the market is attributed to the rising energy requirements and ongoing marine exploration and production initiatives.

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The oil & gas sector is divided into three key operations such as upstream, midstream, and downstream. The complete process entails the extraction, storage, and refining of petroleum products. Despite declining production, the energy usage linked with oil & gas production has remained relatively steady in recent years, accounting for more than 3% of Denmark's overall gross power consumption.

Denmark has a clear interest in recovering as much oil & gas as possible from the North Sea. The extraction necessitates highly energy-intensive recovery procedures, which has led to requirement of significant funding.

According to the DEA's most current forecast, Denmark can sustain its identity in oil & natural gas for the next 10 years based on established reserves. However, based on past experience, the DEA anticipates that the adoption of novel recovery techniques and additional finds from exploration can allow Denmark to maintain its natural oil & gas self-sufficiency for an additional 10 years.

The COVID-19 pandemic had wreaked havoc on the global oil & gas industry. This is due to the termination of mining and exploratory operations. However, the lowering number of cases and the global economy's recovery are expected to aid the market's recovery.

Market Trends, Drivers, Restraints, and Opportunities

• The ongoing and prospective offshore projects is expected to fuel the growth of the market during the forecast period.
• Growing industry investment and rising oil consumption are expected to drive the demand for the Denmark oil and gas midstream market in the projected timeline.
• The pipeline capacity is estimated to rise significantly during the forecast period due to increased oil output and investment in the sector.
• The decrease in oil & gas production can create challenges for the market.
• Rapid growth of the renewable industry is anticipated to hamper the market growth in the coming years.
• The Tyra field in the Denmark North Sea is being redeveloped, with completion scheduled for 2022. This is likely to generate a plethora of chances for oil & gas corporations over the next few years.

Scope of Oil and Gas Midstream Market Report

The report on the Denmark oil and gas midstream market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Denmark Oil and Gas Midstream Market Segment Insights

Transportation segment is expected to grow at a rapid pace

The transportation segment is expected to grow at a rapid pace during the forecast period owing to the increasing demand for petroleum products and crude oil for refining. Moreover, the stagnancy in gas consumption and reducing oil and gas production has  increased the investment in the sector, driving the market segment growth.

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Storage segment is projected to expand at a considerable CAGR

The storage segment is projected to expand at a considerable CAGR during the forecast period. Increasing involvement of government and private players in the deployment of storage facilities is fuelling the market segment's expansion. Moreover, the private sector’s efforts to increase the production of oil & gas in the country is stimulating the segment growth.

LNG terminals segment is estimated to account for a significant market share

The LNG terminals segment is estimated to account for a significant market share during the forecast period owing to increasing pipeline capacity. This, in turn, is expected to increase the production of oil and gas in the midstream sector.

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Segments

Infrastructure 

• Pipelines
• Storgae Terminals
• Regasification Facilities
• LNG Terminals

Services 

• Transportation 
• Storage 
• Processing 
• Maintence Services

Country

• Denmark

Key players

• Engie SATotal SA
• Chevron Corporation
•  Royal Dutch Shell PLC
•  Orsted A/S

Competitive Landscape

Key players competing in the Denmark oil and gas midstream market Subtotal; Chevron Corporation; Royal Dutch Shell PLC; and  Oersted A/S.

The Denmark midstream oil and gas market is highly consolidated. Various industry players are focusing on engaging in key partnerships with government state bodies to expand their market share.