GlobalData: India set to contribute 53% of Asia’s new-build trunk pipeline length additions by 2023
Published by Aimee Knight,
Editorial Assistant
World Pipelines,
India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 53% of Asia’s planned and announced pipeline length additions between 2019 and 2023, says GlobalData.
The company’s report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Planned Pipelines’, reveals that India is expected to have new-build pipeline length of 23 360.6 km by 2023.
Varun Ette, Oil and Gas Analyst at GlobalData, comments: “In India, 42 new-build pipelines are set to start operations by 2023, out of which 29 are planned and remaining 13 are from early-stage announced pipelines. Jagdishpur–Haldia is the longest upcoming pipeline in the country with a length of 2655 km. It is a natural gas pipeline expected to start operations in 2020. GAIL (India) Ltd owns 100% equity stake and will be the operator of the pipeline.”
GlobalData expects China to be the second-highest contributor to the region’s new-build pipeline length additions by 2023 with a length of 8904.7 km. Most of the upcoming pipeline length in the country comes from planned projects, while the rest 130.4 km is from an early-stage announced project, Jingmen–Xiangyang.
Ette concludes: “Followed by China, Pakistan ranks third in contribution to the new-build pipeline length additions in the region by 2023 with a length of 5750 km from 15 upcoming pipelines. Of the total length, planned and announced pipelines will contribute 2226 km and 3524 km, respectively.”
Read the article online at: https://www.worldpipelines.com/business-news/03012020/globaldata-india-set-to-contribute-53-of-asias-new-build-trunk-pipeline-length-additions-by-2023/
You might also like
Midstream demystified
Sanjay Patel, Managing Director, Tembo Global Industries Ltd., India, provides this overview of the evolution of oil and gas pipelines and the overall midstream sector over the course of the last few decades.