July 2013, Vol. 240 No. 7
Projects
Natural Gas Dominates Energy Pipeline Infrastructure
The planned natural gas pipeline additions around the world can be attributed to the rapidly increasing demand for natural gas worldwide.
According to the latest BP Statistical Energy Outlook to 2030, during 2011-2020, the global natural gas consumption will increase at an average annual growth rate of 2.5%, compared to 0.9% AAGR increase in oil consumption.
The increasing preference for cleaner and efficient fuels globally favors rising natural gas consumption. About a third of the global planned pipeline length addition is scheduled to take place in Asia Pacific. The region is witnessing rapid increases in its primary energy requirements, propelled by the emerging economies such as China and India.
The Asia Pacific will be the largest consumer of oil and natural gas, accounting for about 30.3% of the global oil and natural gas consumption by 2020, according to the latest BP Energy Outlook to 2030. In 2011, Asia Pacific was ranked second among all regions, accounting for 26.5% of the global oil and natural gas consumption.
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