Canada Oil and Gas Midstream Market Size, Share, Analysis: By Type: Transportation, Storage, LNG Terminals; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Canada Oil and Gas Midstream Market Outlook

The Canada oil and gas midstream market size is projected to grow at a CAGR of 2.6% between 2024 and 2032. The market growth is driven by the rising focus on technological innovations related to pipeline construction and extraction techniques and the growing exploration and production (E&P) activities.

Key Trends in the Market

Midstream, in the context of oil and gas industry, encompasses the integral phase of the energy sector focusing on the transportation, processing, and storage of raw natural gas and crude oil. It involves the critical activities of refining raw materials to eliminate impurities, separating mixed substances, and priming them for subsequent utilisation. Additionally, this sector entails the secure storage of processed materials until they are required for the subsequent stages of the energy production process.

• The Canadian oil and gas midstream sector have experienced significant shifts influenced by various trends and drivers, reflecting the nation's energy landscape, economic dynamics, environmental concerns, and technological advancements.

The Canada oil and gas midstream market growth is expected to remain strong as the country is a major global producer of oil and natural gas, particularly in Alberta's oil sands and the Western Canadian Sedimentary Basin. The midstream sector plays a pivotal role in transporting, storing, and processing these resources, catering to domestic demand and international markets.

• International demand and global oil prices significantly impact Canada's oil and gas production. The midstream sector adapts to fluctuating demand by optimising transportation infrastructure and adjusting capacity accordingly.

• Technological innovations in pipeline construction, monitoring systems, and extraction techniques have significantly aided the Canada oil and gas midstream market demand. Enhanced pipeline materials, smart monitoring technologies, and automation have improved efficiency and safety, which results in the increase in the production capacity of companies in the nation.

• Increasing partnerships and acquisitions are expected to further propel the development of the market in Canada.

In September 2023, with a strategic move, Kingston Midstream, a subsidiary of James Richardson & Sons, is set to acquire Rangeland Midstream Canada , the Calgary-based midstream services division of Rangeland Energy. This acquisition aligns with Kingston Midstream's focus on expanding its footprint in the midstream infrastructure sector. The deal, expected to conclude by the end of the third quarter of 2023, is awaiting regulatory approvals.

Canada Oil and Gas Midstream Market Segmentation

Based on type, the market can be segmented into transportation, storage, and LNG terminals. The major regional markets for oil and gas midstream in Canada are Northern Canada, British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Canada oil and gas midstream market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Canada Natural Resources Ltd.

• Suncor Energy Inc.

• Cenovus Energy Inc.

• Imperial Oil Limited

• Enbridge Inc.

• Plains GP Holdings

• NorthRiver Midstream Inc.

• CSV Midstream Solutions

• ARC Resources Ltd.

• Others

Market Share by Type

According to the Canada oil and gas midstream market analysis, the transportation segment is likely to be a major factor in the growth of the market. Canada has a large network of pipelines for the transportation of crude oil and natural gas.

One of the country’s major investments in oil pipeline expansion, the Trans Mountain Corp (TMC.UL),  is expected to begin its line fill in March or May (in the year 2024), depending on the diameter of the pipes it uses, furthering its long-delayed oil pipeline expansion plans.

This extended Alberta-to-British Columbia pipeline is expected to provide crucial access for Canadian oil to refineries on the U.S. West Coast and in Asia.

In addition, according to the Canadian Energy Pipeline Association (CEPA),  the country’s oil and natural gas are mostly transported through pipelines. The pipeline network in Canada spans across the country covering 830, 000 kilometres.

Market Share by Region

Western Canada is expected to hold a leading position, occupying a major portion of the Canada oil and gas midstream market share. Western Canada has an extensive network of pipelines, transporting oil and gas. However, due to the rising emphasis on carbon emission reduction, the rising demand for natural gas has provided new growth opportunities for the market.

Competitive Landscape

Canada Natural Resources Ltd. is one of the largest crude oil and natural gas producers in Canada. It operates a diverse portfolio of assets across North America, including oil sands, heavy oil, and conventional oil and gas. Their operations span from exploration and production to refining and marketing of petroleum products. CNRL has a significant presence in Alberta's oil sands region and has expanded its operations in various provinces in Canada and internationally.

Suncor Energy Inc. is an integrated energy company engaged in oil sands development, petroleum refining, and renewable energy. It is one of Canada's leading integrated energy companies. Their operations involve oil sands extraction, refining, and marketing of petroleum and petrochemical products. Suncor operates primarily in Alberta's oil sands region and has expanded its presence in renewable energy projects.

Cenovus Energy Inc. is a major Canadian oil and natural gas company with assets in Alberta and British Columbia. The company focuses on oil sands projects, conventional oil and gas production, and refining operations. Their operations include oil sands development, conventional oil and gas exploration, and refining activities. Cenovus operates primarily in Alberta's oil sands region and has expanded its operations in conventional oil and gas fields.

Other key players in the Canada oil and gas midstream market are Imperial Oil Limited, Enbridge Inc., Plains GP Holdings, NorthRiver Midstream Inc., CSV Midstream Solutions, and ARC Resources Ltd., among others.

Key Highlights of the Report

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.