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 糖心Vlog, 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 糖心Vlog are likely to start operations by 2024, of which 33 are planned 糖心Vlog with identified development plans and the remaining 15 are early-stage announced 糖心Vlog. Kandla–Gorakhpur is the longest upcoming pipeline in the country with a length of 2757km. 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 3371 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 2711 km from eight upcoming 糖心Vlog. Of the total length, announced and planned 糖心Vlog are likely to contribute 1480 km and 1231 km, respectively.