India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 59% of Asia’s planned and announced pipeline length additions between 2020 and 2024, says GlobalData, a leading data and analytics company.
GlobalData’s latest report,‘Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines, 2020−2024: Asia Leads Global Pipeline Growth’, reveals that India is expected to develop a new-build pipeline length of 27 364 km by 2024.
Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, comments: “In India, 48 new-build pipelines are likely to start operations by 2024, of which 33 are planned pipelines with identified development plans and the remaining 15 are early-stage announced pipelines. Kandla–Gorakhpur is the longest upcoming pipeline in the country with a length of 2757km. It is a product pipeline expected to start operations in 2024.”
GlobalData expects China to be the second-highest contributor to the Asia’s new-build pipeline length additions by 2024 with a length of 10,609 km. Planned projects account for almost entire pipeline additions in the country with 10 567 km. The Power of Siberia 1 (China Section) is the longest upcoming pipeline in the country with a length of 3371 km. It is a natural gas pipeline expected to start operations by 2023.
Pakistan ranks third in contribution to the new-build pipeline length additions in the region by 2024 with a length of 2711 km from eight upcoming pipelines. Of the total length, announced and planned pipelines are likely to contribute 1480 km and 1231 km, respectively.
Read the article online at: https://www.worldpipelines.com/project-news/19062020/india-to-dominate-asias-new-build-trunk-pipeline-additions/