North America and Asia are set to drive the global oil and gas new-build pipeline length additions, contributing around 55% of the global planned and announced pipeline length additions between 2019 and 2023, says GlobalData.
The company’s report, ‘Global Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Pipelines’, reveals that North America and Asia are likely to have new-build pipeline lengths of 42 580.4 km and 42 579.2 km, respectively by 2023.
Varun Ette, Oil and Gas Analyst at GlobalData, comments: “North America and Asia are expected to witness operations of 259 new-build pipelines by 2023, of which 148 are planned and announced pipelines in North America. Keystone XL Project is the longest upcoming pipeline in the region with a length of 1897 km.”
GlobalData expects that Asia will have 111 new-build pipelines by 2023, of which 76 are planned and the rest are early-stage announced pipelines. Power of Siberia 1 (China Section) is the longest upcoming gas pipeline in the region with a length of 3371 km.
Ette concludes: “Africa is the third-highest contributor to the global new-build planned and announced pipeline length additions by 2023 with a length of 16 912.2 km. Trans Saharan Gas is the longest upcoming pipeline in the region with a length of 4400 km.”
Read the article online at: https://www.worldpipelines.com/business-news/28112019/globaldata-north-america-and-asia-set-to-contribute-55-of-global-new-build-trunk-pipeline-length-additions-by-2023/
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