05 Dec 2019
Posted in Oil & Gas
US to lead global new-build oil and gas trunk pipeline length additions by 2023
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.”
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.”