GlobalData: pipelines set to dominate US oil and gas midstream projects
Published by Isabel Stagg,
Editorial Assistant
World Pipelines,
The trunk/transmission pipelines segment is set to dominate upcoming oil and gas midstream projects in the US by 2028, accounting for about 47% of the midstream projects starting between 2024 and 2028, says GlobalData, a leading data and analytics company.
GlobalData’s latest report, ‘North America Oil and Gas Projects by Development Stage, Capacity, Capex, Contractor Details of All New Build and Expansion Projects to 2028,’ reveals that 186 midstream projects are expected to start operations in the US during the period 2024 – 28. Out of these, the trunk/transmission pipelines segment alone constitutes 87 projects, followed by gas processing and LNG with 34 and 29, respectively.
Bhargavi Gandham, Oil & Gas Analyst at GlobalData, comments: “The midstream sector in the US continues to grow due to rising production from shale plays, necessitating infrastructure expansion for transportation and storage. Rising exports of oil and gas are providing additional momentum to the sector’s growth.”
Among the upcoming transmission pipeline projects in the US by 2028, WEST Header Project is a key project with a pipeline length of 1046km. To be operated by Magnum Development LLC, the natural gas pipeline project is expected to commence operations in 2028.
Gandham concludes: “The US boasts one of the world’s most extensive oil and gas transmission pipeline networks, with plans for new pipelines, particularly in natural gas, aimed at lowering domestic carbon emissions and facilitating LNG exports.”
Read the article online at: https://www.worldpipelines.com/project-news/12032024/globaldata-pipelines-set-to-dominate-us-oil-and-gas-midstream-projects/
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