Oil & Gas
CONTRIBUTING around 21% of global new-build pipeline additions by 2023, according to GlobalData, to leading data and analytics company.
The company’s report, H2 2019 Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines – India and the US Dominate New-Build Pipeline Length Additions , Reveals That the US is Set to have a planned new-build pipeline length of 14,162km and an announced new-build pipeline length of 20.230km by 2023.
Sunrita Dutta, Oil and Gas Analyst at GlobalData , comments: “Liberty is the largest upcoming pipeline project in the country with a new-build length of 2,172km. The pipeline is proposed from a pump station in Guernesy to an oil terminal at Cushing VII. It is expected to start operations in 2021. ”
India ranks second highest globally, in terms of trunk or transmission pipeline length additions, with a new planned build and announced pipeline length of 23.344km by 2023. The Jagdishpur – Haldia gas pipeline in India is the major upcoming planned pipeline project with a proposed length of 2,655km. It is expected to start operations in 2020.
Dutta concludes: “Russia stands third globally with a new-build planned and announced trunk pipeline length of 14.669 km by 2023. The Nord Stream 2 gas pipeline project in Russia is the most important planned pipeline in the country and is to begin operations in 2020 with a new-build pipeline length of 2,400 km. ”
ENDS
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Notes to Editors
- Comments provided by Sunrita Dutta, Oil & Gas Analyst at GlobalData
- Information on GlobalData’s report: H2 2019 Global Length and Capital Outlook for Oil and Gas Pipelines – India and the US Dominate New-Build Pipeline Length Additions
- Announced / Planned: Denotes only new-build assets that are in different stages of development and have not started commercial operations
- A new-build project that has not received relevant / required approvals to develop / build the project is considered as Announced
- A new-build project that has received relevant / required approvals is considered as Planned
- This report was built using GlobalData’s team of industry experts and in-house analysis.
About GlobalData
4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make timely and better business decisions thanks to Global Data’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be innovative. PR7593– Dec. 6, 2019 @ 17:59 GMT |
Tags: gas pipeline trunk length additions by 2023 says GlobalData US to lead global new-build oil
