September 2011, Vol. 238 No. 9
Projects
Gas Pipelines To Account For Most Planned Pipeline Length Addition
During 2011–2015, gas pipelines will account for about 75% of the total global planned pipeline length addition, according to a GlobalData report.
Increased oil and gas production will lead to more planned pipeline projects. Global natural gas production is expected to increase at an Average Annual Growth Rate (AAGR) of 2.7% during 2011–2015, while global oil production is expected to increase at an AAGR of 1% during the same period (BP Energy Outlook 2030).
Asia-Pacific will be the major contributor to planned pipeline length addition for 2011–2015, globally. The region will be responsible for 41.8% of the total global planned pipeline length addition during this period; India and China will be the frontrunners. Huge energy demand and the expansion of refining capacities are the primary reasons for pipeline development in these countries.
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