05 Dec 2019
US to lead global new-build oil and gas trunk pipeline length additions by 2023
Posted in Oil & Gas
The US is expected to lead in terms of global trunk or transmission pipeline length additions for planned and announced (new-build) projects between 2019 and 2023, contributing around 21% of global new-build pipeline additions by 2023, according to GlobalData, a 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 Oil 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.”
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India ranks second highest globally, in terms of trunk or transmission pipeline length additions, with a new-build planned 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 slated to begin operations in 2020 with a new-build pipeline length of 2,400 km.”