Asia and the Middle East are expected to collectively contribute about 30% of the global new-build crude oil trunk/transmission pipeline length additions by 2023, says GlobalData.
The company’s report, ‘Global Crude Oil Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Crude Oil Pipelines’, reveals that Asia and the Middle East are likely to have a new-build crude oil pipeline lengths of 4398 km and 4055 km, respectively, by 2023.
Varun Ette, Oil and Gas Analyst at GlobalData, comments: “Asia is expected to witness start of operations of six new-build crude oil pipelines by 2023. Most of the new-build crude oil pipeline length additions are from early-stage announced projects with a total length of 3528 km and rest is from planned pipelines.”
GlobalData identifies that Pakistan as the highest contributor to the Asia’s new-build crude oil pipeline length additions by 2023 with only one pipeline, Gwadar–Kashgar. The pipeline is presently undergoing conceptual studies and is expected to get approval for a length of 2414 km. The pipeline is proposed to transport crude oil from Gwadar port in Pakistan to Kashgar pump station in Xinjiang, China.
Ette concludes: “In the Middle East, 11 planned and announced crude oil pipelines are expected to start operations by 2023. Of these, nine are planned crude oil pipelines with identified development plans and remaining are early-stage announced projects. Basra–Aqaba Oil is the longest upcoming crude oil pipeline in the region with a length of 1700 km.”
Read the article online at: https://www.worldpipelines.com/business-news/13012020/asia-and-middle-east-set-to-contribute-30-of-global-new-build-crude-oil-trunk-pipeline-length-additions-by-2023/
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