U.S. Leads Globally on New-Build Trunk Oil and Gas Pipeline Additions by 2023
06.24.2019 - NEWS

June 24, 2019 [Tank News International] – The U.S. is expected to add the highest trunk pipeline length in the global oil and gas pipelines industry between 2019 and 2023, contributing a total length of 45,420km, which will account for around 18 percent of the total pipeline length additions from planned and announced (new-build) projects, according to GlobalData, a leading data and analytics company.

 
The company’s report titled “H1 2019 Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines – Natural Gas Pipelines Take Lead in New-Build Projects” reveals that the global trunk oil and gas pipelines industry is expected to grow by 13.4 percent in terms of length by 2023.
 
Of the pipelines length additions from new-build projects in the U.S. by 2023, 18,383km is expected to come online from planned projects that have received approvals for development, while the remaining total, 27,037km is from early-stage, announced projects.

Arpan Roychowdhury, Oil & Gas Analyst at GlobalData, commented: “Booming unconventional oil and gas production is primarily driving the pipelines industry growth in the U.S. More than 100 new-build trunk pipelines are expected to be added in the country’s pipelines network by 2023.

GlobalData identifies that the Express Platte Twin Expansion is expected to be the longest pipeline project in the U.S. between 2019 and 2023. This announced crude oil pipeline, with a length of 1,560km, is expected to start at Guernsey, Wyoming, and end at Patoka, Illinois. The pipeline has an expected capacity of 400 thousand barrels of oil per day (mbd).

After the US, India and Russia are second and third highest globally in terms of new-build pipeline length additions by 2023. India is expected to bring online 34,384km of new-build pipelines, while Russia has plans to make 20,654km of pipelines operational by 2023.

————-

Click Here to Access Today a 4,900 Tank Terminal Database With a Pro Trial