and Gas Storage and Transportation – Global Market Outlook (2017-2026)”
report has been added to ResearchAndMarkets.com’s
Increasing oil and gas demand from developed economies, discovery of new
oil and gas reserves, increasing exports and imports of oil & oil
products are fuelling the industry. Increased regulatory environment,
geo-political risk, health, safety and environmental risk, occasional
oil spills, and human capital deficit are some of the challenges faced
by the market.
Few trends to be observed in the market are solidified natural gas
technology for natural gas storage, spectacular rise in strategic
petroleum reserves capacities, increased R&D activities on synthetic
natural gas technology and institutional investors such as banks are
eager to increase their investments in oil and gas storage facilities.
North America is projected to be the major revenue generator with the
increase in new onshore and offshore exploration and development in
exploration activities in the Campos and Santos regions. Furthermore,
with the increase in drilling activities in these areas also fuels the
demand for oil and gas storage facilities.
Asia Pacific and the Middle East are attributed to grow with a strong
demand for crude oil by developing countries such as India and China,
growth in income and a continuous increase in the demand of petroleum
products is thus expected in the near future.
Scope of the Report
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