Iran is expected to lead the Middle East’s oil and gas new-build trunk/transmission pipeline length additions, contributing around 43% of the region’s planned and announced pipeline length additions between 2020 and 2023, says GlobalData, a data and analytics company.
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 Iran is expected to have new-build pipeline length of 7496 km by 2023.
Adithya Rekha, Oil and Gas Analyst at GlobalData, comments: “A total 18 new-build pipelines are expected to start operations in Iran by 2023. Iranian Gas Trunk line – IGAT IX is the longest upcoming pipeline in the country with a length of 1863 km. It is a natural gas pipeline that is expected to start operations in 2022. National Iranian Gas Co. owns a 100% equity stake in the pipeline and will also be its operator.”
GlobalData expects Iraq to be the second-highest contributor to the region’s new-build pipeline length additions by 2023 with a length of 3775 km. Planned projects are expected to contribute approximately 3375 km, while the remaining 400 km will be from early-stage announced projects. Basra-Aqaba Gas is the longest upcoming pipeline in the country with a length of 1700 km. It is an onshore natural gas pipeline that is planned to start operations in 2023.
Following Iraq, Saudi Arabia ranks third in contribution to the new-build pipeline length additions in the region by 2023 with a length of 1824.8 km from nine upcoming pipelines. Of the total length, planned pipelines will contribute 1724.8 km while announced pipelines contribute 100 km by 2023. Haradh-Hawiyah Gas is the longest upcoming pipeline in the country with a length of 450 km. It is an onshore natural gas pipeline planned to start operations in 2021.
Read the article online at: https://www.worldpipelines.com/business-news/09012020/iran-to-lead-the-middle-easts-new-build-trunk-pipeline-length-additions/