Energy security is a growing international issue. The price of oil has recently broken the $100/barrel mark due to the unprecedented political turmoil currently sweeping through the Middle East causing jitters in the oil markets. Although Egypt is only a minor net exporter of oil & gas, it does have an influence over the crucial Suez Canal supply route. The political uprisings in Egypt have cascaded into revolutions in Bahrain, Libya and elsewhere. The power vacuums and growing lawlessness could destabilize the Middle East yet further. The resulting vulnerability of oil & gas production facilities will bring spending on oil & gas infrastructure security systems into sharp focus. Furthermore, there are indications that major oil exporters such as Saudi Arabia and other Middle Eastern states could soon also experience political instability. The commonly cited belief that the Saudi Arabian oil & gas industry is the Achilles heel of the global economy could well soon be demonstrated to devastating effect.
Visiongain’s latest report The Oil & Gas Infrastructure Security Market 2011-2021, details this energy security market which is vital to the global economy.
Visiongain has calculated that global spending in 2011 on oil & gas infrastructure security products and services will total $27.2bn. The report analyses a wealth of data and introduces a clear analysis of where the market is going based on diverse factors and insight into the market, anticipating how and why the market will change from 2011 onwards.
With the upstream, midstream and downstream sectors of the oil & gas industry increasingly being located in more hostile nations, infrastructure security demand is expanding. In addition to Middle Eastern tensions, there are also growing threats of international terrorism, piracy and cyber warfare, all of which will drive the market forward.
The oil & gas industry has also been shook by the Deepwater Horizon oil spill in the Gulf of Mexico, and the ramifications of this event will shape the industry for years to come. Health, safety and environment (HSE) legislation and industry regulation will therefore also drive the oil & gas infrastructure security market as companies look to improve safety and reduce the risk of ecological disasters from hydrocarbon spills or leaks.
The oil & gas industry is fundamentally linked to national economies and the global economy, and therefore protecting oil & gas facilities is of critical importance in ensuring the energy supply chain is not disrupted. Visiongain therefore believes that the oil & gas infrastructure security market will experience robust and continual growth from 2011-2021.
If you would like further information on visiongain's timely report please visit: http://www.visiongain.com/Report/571/The-Oil-Gas-Infrastructure-Security-Market-2011-2021 or send an email to sara.peerun@visiongainglobal.com
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Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call on +44 (0) 207 549 9987
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