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, a leading data, and analytics company.
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 1,897.0 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 3,371.0 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 4,400.0 km.”
- Comments provided by Varun Ette, Oil & Gas Analyst at GlobalData
- Information based on GlobalData’s report: Global Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Pipelines
- 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 data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts
4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’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 more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors. PR7490