HomeMagazine2013July 2013, Vol. 240 No. 7Natural Gas Dominates Energy Pipeline Infrastructure

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

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