亞太地區油氣資本投資：市場佔有率分析、產業趨勢與統計及成長預測（2026-2031年）

據 Mordor Intelligence 稱，2025 年亞太地區石油和天然氣行業的資本支出 (CAPEX) 市場價值為 1910.1 億美元，預計到 2031 年將達到 2456.7 億美元，而 2026 年為 1992.1 億美元，在預測年成長率（2026-203 年）

本報告按產業（上游、中游、下游）、位置（陸上和海上）、服務（建造、維護/檢修、退役）和地區（中國、印度、澳洲、印尼、馬來西亞、泰國、越南及其他亞太國家）進行細分。市場規模和預測均以美元計價。

亞太地區石油和天然氣資本支出（CAPEX）市場的趨勢和見解。

東南亞液化天然氣基礎設施投資快速成長

印尼國營液化天然氣巨頭Pertamina已撥款200億美元，計劃在2028年將液化天然氣產能提升至更高水準。同時，馬來西亞國家石油公司（Petronas）決定投資150億美元建造三座浮體式液化天然氣（FLNG）裝置，以期在2020年代中期提升馬來西亞的天然氣出口能力。這些上游裝置的建設也將配套開發儲存、再氣化和運輸等相關資產，為建築和工程公司創造多年訂單機會。這波投資浪潮將使東南亞出口國在2030年佔據全球液化天然氣貿易15%至20%的佔有率，從而緩解原油價格波動，並促進外匯流入。國內市場也從管道天然氣轉向靈活的液化天然氣進口，以補充間歇性可再生能源的供應。這些計劃的推進動能將直接轉化為亞太地區油氣資本支出（CAPEX）市場的成長，確保中期內強勁的需求支撐。

澳洲和日本政府主導的氫能和碳捕獲、利用與封存（CCUS）基礎設施投資計劃

日本綠色創新基金已撥款2兆日圓（約150億美元）用於氫能價值鏈項目，與澳洲為生產基地、運輸走廊和地下儲存撥款700億澳元（約470億美元）的計畫相呼應。這個雙邊框架將澳洲豐富的資源與日本的起飛需求連結起來，確保長期資產的順利啟動。公共資金將承擔初期技術風險，鼓勵私部門參與，並降低加權平均資本成本。即使傳統油氣資源趨於穩定，這也將維持亞太地區油氣設備投資市場的活力。目前正在談判的長期啟動協議表明，專案儲備將遠遠超出目前的預測期。

加強綠色金融監管，限制對石化燃料專案的融資

2024年，新加坡金融管理局將石化燃料貸款的合格限制下調了60%，澳洲的銀行也紛紛效仿，導致中型上游計畫的借貸成本上升了200-300個基點。開發商被迫轉向出口信貸機構並尋求夾層融資，導致最終投資決策延遲，並減少了亞太地區油氣設備投資市場的短期支出。雖然具有明確轉型路徑的短期專案仍在推進融資，但高碳原油專案卻面臨明顯的資金籌措困境。

細分市場分析

2025年，上游領域佔亞太地區油氣資本支出（CAPEX）市場的71.25%。這反映了各國政府在進口價格波動的情況下加強國內供應的指令。國營石油公司在深海天然氣、頁岩氣田和煤層氣領域主導巨資，利用數位化鑽井和即時儲存成像技術提高採收率。這些支出確保了使用在地採購零件的工廠運作，並使服務專家需求旺盛。中游領域的支出則集中在棕地管道環線和液化天然氣（LNG）儲存設施上，以確保與上游開發相配合的輸送能力。

儘管2025年下游產業的支出佔比仍將維持在28.75%的較低水平，但預計到2031年將以4.98%的複合年成長率加速成長。石化產業的整合正在推動設備維修項目，使生產重心從簡單的燃料轉向利潤更高的烯烴和芳烴化合物。印度的賈姆訥格爾綜合體和中國的福建樞紐便是這項轉變的典型例證。這些設施曾經主要生產汽油，如今正加大對蒸汽裂解裝置和丙烯脫氫（PDH）設備的投資。由於每次維修都需要壓縮機、反應器和自動化系統，儘管燃料需求趨於平穩，下游產業仍對亞太地區油氣設備投資市場的規模產生重大影響。

其他好處：

• Excel格式的市場預測（ME）表
• 3個月的分析師支持

目錄

第1章：引言

• 研究假設和市場定義
• 調查範圍

第2章：調查方法

第3章執行摘要

第4章 市場狀況

• 市場概覽
• 市場促進因素
  • 東南亞液化天然氣基礎設施投資快速成長
  • 澳洲和日本政府主導的氫能和碳捕獲、利用與封存（CCUS）資本支出
  • 中國和馬來西亞國有石油天然氣公司在深海天然氣計畫的努力
  • 鑑於中東地區的風險，國際石油公司正在將其投資組合重新分配到亞太地區成本較低的專案中。
  • 快速擴大對數位化油田的資本投資，以延長資產壽命
  • 印度的模組化煉油廠計畫旨在取代石化產品的進口。
• 市場限制因素
  • 加強綠色金融監管，限制對石化燃料專案的融資
  • EPC價格上漲和在地採購義務加劇了建築成本的上升。
  • 電動車的加速普及正在抑制對精煉產品的長期需求。
  • 南海海域安全風險導致海上計畫的最終投資決定（FID）被推遲。
• 供應鏈分析
• 監理情勢
• 技術展望
• 原油產量和消費量預測
• 天然氣生產與消費預測
• 管道容量分析
• 非傳統資源（緻密油、油砂、深海油田）資本投資預測
• 波特五力模型

第5章 市場規模與成長預測

• 按行業
  • 上游部門
  • 中游
  • 下游產業
• 按位置
  • 陸上
  • 離岸
• 按服務
  • 建造
  • 維護和檢修
  • 退休
• 按地區
  • 中國
  • 印度
  • 澳洲
  • 印尼
  • 馬來西亞
  • 泰國
  • 越南
  • 其他亞太國家

第6章 競爭情勢

• 市場集中度
• 策略趨勢（併購、聯盟、購電協議）
• 市場佔有率分析（主要公司的市場排名和佔有率）
• 公司簡介
  • BP plc
  • Exxon Mobil Corporation
  • Shell plc
  • Pacific Oil & Gas Ltd
  • Chevron Corporation
  • TotalEnergies SE
  • Oil & Natural Gas Corporation（ONGC）
  • China National Petroleum Corporation（CNPC）
  • Cairn Oil & Gas（Vedanta Ltd）
  • Equinor ASA
  • Sinopec（CNPC）
  • CNOOC Limited
  • Petronas
  • Woodside Energy Group Ltd
  • Santos Ltd
  • Inpex Corporation
  • PTTEP
  • Reliance Industries Ltd
  • Adani Total Gas Ltd
  • Saipem SpA

第7章 市場機會與未來展望

According to Mordor Intelligence, the Asia Pacific oil and gas CAPEX market size was valued at USD 191.01 billion in 2025 and estimated to grow from USD 199.21 billion in 2026 to reach USD 245.67 billion by 2031, at a CAGR of 4.29% during the forecast period (2026-2031).

This report is Segmented by Sector (Upstream, Midstream, and Downstream), Location (Onshore and Offshore), Service (Construction, Maintenance and Turn-Around, and Decommissioning), and Geography (China, India, Australia, Indonesia, Malaysia, Thailand, Vietnam, and Rest of Asia-Pacific). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

Asia Pacific Oil And Gas CAPEX Market Trends and Insights

Surging LNG Infrastructure Investments Across Southeast Asia

Indonesian state major Pertamina earmarked USD 20 billion for LNG capacity additions running to 2028, while Petronas committed USD 15 billion to three floating LNG units that will lift Malaysia's exportable gas by mid-decade. Storage, regasification, and shipping assets accompany these upstream builds, driving multi-year contracting opportunities for construction and engineering firms. The investment wave positions Southeast Asian exporters to capture 15-20% of global LNG trade by 2030, insulating them from oil-price volatility and boosting foreign-exchange inflows. Domestic markets also shift away from pipeline gas in favor of flexible LNG imports that back-stop intermittent renewables. The momentum of these schemes directly feeds the Asia Pacific oil and gas CAPEX market, ensuring a sturdy demand floor across the medium term.

Government-Led Hydrogen & CCUS CAPEX Commitments in Australia and Japan

Japan's Green Innovation Fund has earmarked JPY 2 trillion (USD 15 billion) for hydrogen value-chain projects, mirroring Australia's AUD 70 billion (USD 47 billion) allocation aimed at production hubs, transport corridors, and geological storage. The bilateral framework connects Australia's resource endowment with Japanese offtake demand, ensuring bankable offtake against long-dated assets. Public capital absorbs early technology risk, catalyzing private participation and lowering the weighted-average cost of capital, which sustains the Asia Pacific oil and gas CAPEX market even as traditional hydrocarbons plateau. Long-term offtake agreements already under negotiation signal that project pipelines will lengthen well beyond the current forecast period.

Tightened Green-Finance Rules Restricting Fossil-Fuel Project Lending

Singapore's Monetary Authority slashed fossil-fuel lending eligibility by 60% in 2024, and Australia's banks followed suit, lifting borrowing costs for mid-scale upstream ventures by 200-300 basis points Developers either pivot to export-credit agencies or raise mezzanine tranches, delaying final investment decisions and reducing near-term spending in the Asia Pacific oil and gas CAPEX market. Short-cycle projects with visible transition pathways still reach financial close, but high-carbon barrels bear clear funding penalties.

Other drivers and restraints analyzed in the detailed report include:

1. National-Oil-Company Push for Deep-Water Gas Projects in China & Malaysia
2. IOCs Reallocating Portfolios Toward Low-Cost APAC Plays Amid Middle-East Risk
3. Rising EPC Inflation & Local-Content Mandates Inflating Build Costs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Upstream commanded 71.25% of the Asia Pacific oil and gas CAPEX market in 2025, reflecting state directives to shore up indigenous supply amid volatile import prices. National oil companies led the way in spending on deep-water gas, shale blocks, and coal-bed methane, leveraging digital drilling and real-time reservoir imaging to boost recovery rates. These outlays keep local content factories busy and generate a continuous flow of contracts for service specialists. Midstream outlays center on brownfield pipeline looping and LNG storage, pairing with upstream developments to assure takeaway capacity.

Downstream expenditure, although comprising a smaller 28.75% share in 2025, is projected to accelerate at a 4.98% CAGR through 2031. Petrochemical integration drives revamp programs that swap simple fuels for higher-margin olefins and aromatics. India's Jamnagar complex and China's Fujian hub typify the shift: once gasoline-centric, the sites now channel incremental cash toward steam crackers and PDH units. Because each retrofit requires compressors, reactors, and automation, downstream continues to pull material volumes into the Asia Pacific oil and gas CAPEX market size tally, despite plateauing fuel demand.

Complete Report Scope:

• By Sector
  • Upstream
  • Midstream
  • Downstream
• By Location
  • Onshore
  • Offshore
• By Service
  • Construction
  • Maintenance and Turn-around
  • Decommissioning
• By Geography
  • China
  • India
  • Australia
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • Rest of Asia-Pacific

List of Companies Covered in this Report:

1. BP plc
2. Exxon Mobil Corporation
3. Shell plc
4. Pacific Oil & Gas Ltd
5. Chevron Corporation
6. TotalEnergies SE
7. Oil & Natural Gas Corporation (ONGC)
8. China National Petroleum Corporation (CNPC)
9. Cairn Oil & Gas (Vedanta Ltd)
10. Equinor ASA
11. Sinopec (CNPC)
12. CNOOC Limited
13. Petronas
14. Woodside Energy Group Ltd
15. Santos Ltd
16. Inpex Corporation
17. PTTEP
18. Reliance Industries Ltd
19. Adani Total Gas Ltd
20. Saipem SpA

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Surging LNG infrastructure investments across Southeast Asia
  • 4.2.2 Government-led hydrogen & CCUS CAPEX commitments in Australia and Japan
  • 4.2.3 National-oil-company push for deep-water gas projects in China & Malaysia
  • 4.2.4 IOCs reallocating portfolios toward low-cost APAC plays amid Middle-East risk
  • 4.2.5 Rapid growth of digital-oilfield CAPEX for asset-life extension
  • 4.2.6 Modular refinery projects targeting petrochemical-import substitution in India
• 4.3 Market Restraints
  • 4.3.1 Tightened green-finance rules restricting fossil-fuel project lending
  • 4.3.2 Rising EPC inflation & local-content mandates inflating build costs
  • 4.3.3 Accelerating EV uptake dampening long-term refined-products demand
  • 4.3.4 Maritime-security risks in the South China Sea delaying offshore FIDs
• 4.4 Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Crude-Oil Production & Consumption Outlook
• 4.8 Natural-Gas Production & Consumption Outlook
• 4.9 Installed Pipeline Capacity Analysis
• 4.10 Unconventional Resources CAPEX Outlook (tight oil, oil sands, deep-water)
• 4.11 Porters Five Forces
  • 4.11.1 Bargaining Power of Suppliers
  • 4.11.2 Bargaining Power of Consumers
  • 4.11.3 Threat of New Entrants
  • 4.11.4 Threat of Substitute Products & Services
  • 4.11.5 Intensity of Competitive Rivalry

5 Market Size & Growth Forecasts

• 5.1 By Sector
  • 5.1.1 Upstream
  • 5.1.2 Midstream
  • 5.1.3 Downstream
• 5.2 By Location
  • 5.2.1 Onshore
  • 5.2.2 Offshore
• 5.3 By Service
  • 5.3.1 Construction
  • 5.3.2 Maintenance and Turn-around
  • 5.3.3 Decommissioning
• 5.4 By Geography
  • 5.4.1 China
  • 5.4.2 India
  • 5.4.3 Australia
  • 5.4.4 Indonesia
  • 5.4.5 Malaysia
  • 5.4.6 Thailand
  • 5.4.7 Vietnam
  • 5.4.8 Rest of Asia-Pacific

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, Partnerships, PPAs)
• 6.3 Market Share Analysis (Market Rank/Share for key companies)
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 BP plc
  • 6.4.2 Exxon Mobil Corporation
  • 6.4.3 Shell plc
  • 6.4.4 Pacific Oil & Gas Ltd
  • 6.4.5 Chevron Corporation
  • 6.4.6 TotalEnergies SE
  • 6.4.7 Oil & Natural Gas Corporation (ONGC)
  • 6.4.8 China National Petroleum Corporation (CNPC)
  • 6.4.9 Cairn Oil & Gas (Vedanta Ltd)
  • 6.4.10 Equinor ASA
  • 6.4.11 Sinopec (CNPC)
  • 6.4.12 CNOOC Limited
  • 6.4.13 Petronas
  • 6.4.14 Woodside Energy Group Ltd
  • 6.4.15 Santos Ltd
  • 6.4.16 Inpex Corporation
  • 6.4.17 PTTEP
  • 6.4.18 Reliance Industries Ltd
  • 6.4.19 Adani Total Gas Ltd
  • 6.4.20 Saipem SpA

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-Need Assessment