First Research US Industry Profile

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Natural Gas Pipelines
SIC Codes: 4922
NAICS Codes: 4862
Last Quarterly Update: 3/25/2019
Companies in this industry own and operate pipelines that transport natural gas from process plants to local distribution systems. Major companies include Energy Transfer Partners, Enterprise Products Partners, Kinder Morgan, and ONEOK (all based in the US), as well as Australian Pipeline, Gazprom (Russia), and TransCanada (Canada).
Global exports of natural gas total about 1 trillion cubic meters, including US exports of about 65 billion cubic meters, according to BP's 2017 Statistical Review of World Energy. Russia, Qatar, Norway, and Canada are among the world's largest natural gas exporters. Driven largely by demand from emerging markets, natural gas consumption is expected to increase by about 45% by 2040 (from 2015), according to the Energy Information Administration.
The US natural gas pipeline industry includes about 3,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $26 billion.
Direct and wholesale natural gas distribution is covered in the Natural Gas Distribution & Marketing industry profile. Production of natural gas from wells is covered in the Oil & Gas Exploration & Production industry profile.
Competitive Landscape
Demand is driven by economic activity and population growth, which drive energy use. Profitability depends largely on the efficiency of operations. Companies that operate multiple pipeline networks may enjoy economies of scale in purchasing and administrative costs. The US industry is highly concentrated: the eight largest companies account for about 60% of revenue.
US imports of natural gas have decreased in recent years. US net imports (imports minus exports) were less than 1 trillion cubic feet, or about 3% of consumption, in 2016, according to the Energy Information Administration. Nearly all imports of natural gas are by pipeline from Canada. The US exports natural gas by pipeline primarily to Canada and Mexico.
Products, Operations & Technology
Natural gas pipeline transportation networks consist of multiple types of pipelines with different functions. Onshore flowlines transport gas from production ... plus:
Sales & Marketing
Finance & Regulation
Regional & International Issues
Human Resources
Also includes the following chapters:
Quarterly Industry Update
Industry Indicators
Business Challenges
Trends and Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Industry Websites
Glossary of Acronyms

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