India is expected to lead Asia’s oil and gas new-build trunk/pipeline length additions, contributing around 59 per cent of the continent’s planned and announced pipeline length additions between 2020 and 2024, according to GlobalData, a leading data and analytics company.
The regional heavyweight is expected to develop a new-build pipeline length of 27,364 km by 2024, stated GlobalData in its latest report,‘Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines, 2020−2024: Asia Leads Global Pipeline Growth.’
Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, said: "In India, 48 new-build pipelines are likely to start operations within the next four years. Of this, 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," he stated.
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, according to GlobalData.
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, it added.
The regional heavyweight is expected to develop a new-build pipeline length of 27,364 km by 2024, stated GlobalData in its latest report,‘Global Length and Capital Expenditure Outlook for Oil and Gas Pipelines, 2020−2024: Asia Leads Global Pipeline Growth.’
Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, said: "In India, 48 new-build pipelines are likely to start operations within the next four years. Of this, 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," he stated.
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, according to GlobalData.
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, it added.
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