India set to contribute 53% of Asia’s new-build trunk pipeline length additions by 2023, says GlobalData, a leading data, and analytics company.

The company’s report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Planned Pipelines’, reveals that India is expected to have new-build pipeline length of 23,360.6 km by 2023.

Varun Ette, Oil and Gas Analyst at GlobalData, commented: “In India, 42 new-build pipelines are set to start operations by 2023, out of which 29 are planned and remaining 13 are from early-stage announced pipelines. Jagdishpur–Haldia is the longest upcoming pipeline in the country with a length of 2,655.0 km. It is a natural gas pipeline expected to start operations in 2020. GAIL (India) Ltd owns 100% equity stake and will be the operator of the pipeline.”

GlobalData expects China to be the second-highest contributor to the region’s new-build pipeline length additions by 2023 with a length of 8,904.7 km. Most of the upcoming pipeline length in the country comes from planned projects, while the rest 130.4 km is from an early-stage announced project, Jingmen–Xiangyang.

Ette concluded: “Followed by China, Pakistan ranks third in contribution to the new-build pipeline length additions in the region by 2023 with a length of 5,750.0 km from 15 upcoming pipelines. Of the total length, planned and announced pipelines will contribute 2,226.0 km and 3,524.0 km, respectively.”

For more information visit www.globaldata.com

6th January 2020