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/