The future growth of oil and gas pipelines

Summary

A report has stated that the global pipeline industry is expected to witness a growth of 15% by 2019 mainly due to the proposed projects in North America and Europe. The two regions could account about 63% of the planned capital expenditure spending and 50% of the planned pipeline length additions.

US and Russia will lead the two regions both in terms of planned pipeline length additions and capital expenditure spending. Among companies, Gazprom will lead the world in pipeline length additions and capital expenditure spending. CNPC and TransCanada will also experience significant pipeline length additions and capital spending by 2019.

Scope

• Up to date major, trunk oil and gas pipelines length data by major regions in the world, forecast of planned pipeline length additions up to 2019.
• Annual breakdown of capital expenditure spending on planned (new build) pipelines by major regions in the world for the period 2015 - 2019.
• Planned pipeline length additions and capital expenditure spending by key countries and companies across the world.
• Planned capital expenditure spending on planned (new build) pipelines by major regions in the world (by key countries and companies).
• Details of major planned pipelines in the world by commodity (crude oil, natural gas, NGL and petroleum product pipelines) up to 2019.

Read the full report here.

Edited from source by Stephanie Roker

Read the article online at: https://www.worldpipelines.com/business-news/27012016/the-future-growth-of-oil-and-gas-pipelines/