19 Jun 2020
Posted in Oil & Gas
India to dominate Asia’s new-build trunk pipeline length additions by 2023, says GlobalData
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 2,757km. 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 3,371 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 2,711 km from eight upcoming pipelines. Of the total length, announced and planned pipelines are likely to contribute 1,480 km and 1,231 km, respectively.