Companies in this industry use pipelines to transport crude oil, refined petroleum products, and natural gas. Major companies include Energy Transfer Equity, Enterprise Products Partners, and Plains All American Pipeline (all based in the US); along with China National Petroleum, Enbridge (Canada), E ON Ruhrgas (Germany), Korea Gas, TransCanada, and Transneft (Russia).
Demand is driven by economic activity and population growth, which drive energy use. The profitability of pipeline transporters depends largely on the volume and efficiency of their operations. Companies that operate multiple pipeline networks may enjoy economies of scale in purchasing. The US industry is highly concentrated: the 20 largest companies account for about 75% of revenue.
Products, Operations & Technology
Major services are transportation of bulk natural gas and liquefied natural gas (about 60% of US revenue), crude oil, and refined petroleum products. Other services include transportation of products such as ethanol, coal, and carbon dioxide.