Press release
Virtual Pipelines Market Top Key Players: CNG Services Limited (U.K). SENER Group (Spain), Pentagon Energy LLC (U.S.), Xpress Natural Gas LLC (U.S.)
The driving factors for global virtual pipelines market are increased production of natural gas, emerging markets as net importers and exporters of natural gas, rising number of liquefaction and regasification terminals, and obsolescence and inefficiency of existing infrastructure. According to IEA, in 2017, OECD natural gas production grew by 2.4% as compared to the previous year. Besides, the natural gas deliveries also improved by 1.2% in 2017, as compared to 2016. Besides, every year the global liquefaction and regasification capacity is rising, creating demand for more gas transportation to regasification and liquefaction terminals. Moreover, many regions are facing issues related to complex and inflexible gas pipeline infrastructure. For an instance, Europe’s natural gas transportation is limited to inflexible pipes, and gas supply disruption due to the lack of pipeline infrastructure. This creates opportunities for virtual pipelines for maintaining the supply and demand for natural gas.
The global virtual pipelines market is expected to progress at 7.5% CAGR during the forecast period.
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Top Key Players:-
The key players of the global virtual pipelines market are GE Oil and Gas (U.S.), Kinder Morgan (U.S.), SUB161° (Australia), Eniday (Italy), Galileo Technologies S.A. (Argentina), and CNG Services Limited (U.K). SENER Group (Spain), Pentagon Energy LLC (U.S.), Xpress Natural Gas LLC (U.S.), OsComp Holdings LLC (U.S.), NG Advantage LLC (U.S.), and REV LNG LLC (U.S.) are among other
Global Virtual Pipelines Market 2018-2023
The scope of the study segments the virtual pipelines system market by its fuel type, mode of transport, end-use sector, and by region.
By Fuel Type
• Compressed Natural Gas (CNG)
• Liquefied Natural Gas (LNG)
By Mode of Transport
• Truck
• Barge
• Rail
• Ship
By End-use Sector
• Residential
• Commercial
• Industrial
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By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World
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