GlobalData: US leads globally on new-build trunk oil and gas pipeline additions by 2023
Published by Aimee Knight,
The US is expected to add the highest trunk pipeline length in the global oil and gas pipelines industry between 2019 and 2023, contributing a total length of 45 420 km, which will account for around 18% of the total pipeline length additions from planned and announced (new-build) projects, according to GlobalData, a leading data and analytics company.
The company’s report: ‘H1 2019 Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines – Natural Gas Pipelines Take Lead in New-Build Projects’ reveals that the global trunk oil and gas pipelines industry is expected to grow by 13.4% in terms of length by 2023.
Of the pipelines length additions from new-build projects in the US by 2023, 18 383 km is expected to come online from planned projects that have received approvals for development, while the remaining total, 27 037 km is from early-stage, announced projects.
Arpan Roychowdhury, Oil & Gas Analyst at GlobalData, comments: “Booming unconventional oil and gas production is primarily driving the pipelines industry growth in the US. More than 100 new-build trunk pipelines are expected to be added in the country’s pipelines network by 2023.”
GlobalData identifies that the Express Platte Twin Expansion is expected to be the longest pipeline project in the US between 2019 and 2023. This announced crude oil pipeline, with a length of 1560 km, is expected to start at Guernsey, Wyoming, and end at Patoka, Illinois. The pipeline has an expected capacity of 400 000 bpd. After the US, India and Russia are second and third highest globally in terms of new-build pipeline length additions by 2023. India is expected to bring online 34 384 km of new-build pipelines, while Russia has plans to make 20 654 km of pipelines operational by 2023.
Read the article online at: https://www.worldpipelines.com/special-reports/07062019/globaldata-us-leads-globally-on-new-build-trunk-oil-and-gas-pipeline-additions-by-2023/
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