In 2015, natural gas was the second largest energy source and accounted for 31.50% share in primary energy consumption.
The United States became a net exporter of LNG in 2016, with nearly 50 billion ft3 of LNG being exported to Brazil, Chile, UAE, China, France and Japan, during January to June 2016. In North America, Canada accounted for 77.40% of total proved oil reserves, while the US garnered 81.9% of total proved gas reserves in 2015, according to BP statistical report.
The US accounts for around 24.4 trillion m3 of shale gas reserves, followed by Mexico (19.3 trillion m3) and Canada (11 trillion m3). The US and Canada are the centres of shale gas developments in North America, due to factors like accessible formations and large proven reserves.
Moreover, these countries have advanced drilling and fracturing technologies, piping and refining infrastructure, which provides easy access to the markets.
The magnitude of upstream exploration and production taking place in North America is anticipated to surge oil and gas pipeline market in North America in the coming years.
According to the ‘North America Oil & Gas Pipeline Market, Competition Forecast and Opportunities, 2012 - 2022’ report, the North America oil and gas pipeline market is projected to reach US$15.21 billion by 2022.
Few of the leading players in the North America oil and gas pipeline market include Kinder Morgan Inc., Chevron Corporation, ConocoPhillips, National Oilwell Varco, EVRAZ North America and General Electric.
‘North America Oil & Gas Pipeline Market, Competition Forecast and Opportunities, 2012 – 2022’ discusses the market size and share forecast; regional and country market analysis; segmental analysis – by application (midstream, upstream and downstream), by type (SAW, ERW, seamless, polyethylene % composite) and by region changing market trends and emerging opportunities; and competitive landscapes in North America.
Download the full report here.
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