North America is expected to have the maximum share of the global oil and gas trunk/transmission pipeline length by 2024, representing around 43 percent.
Running for a length of 899,399 km, the region continues to lead global pipeline additions by 2024 with 25,335 km, lagging only behind Asia, according to GlobalData, a leading data and analytics company.
GlobalData’s report, Global Oil and Gas Pipelines Industry Outlook to 2024 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Pipelines reveals that the total length of the global trunk/transmission pipeline network is 2,083,369 km (with start years up to 2024, as of November 2020).
Of the total global pipeline length, among the regions studied, North America is on top with 899,399 km, followed by the Former Soviet Union (FSU) and Asia with 419,021 km, and 225,382 km, respectively.
“Despite the North American transmission pipeline sector having faced several headwinds last year, gradual crude oil price recovery and improvement in the region’s economic outlook means the sector is expected to make a fortunate rebound,” said GlobalData oil and gas analyst Adithya Rekha.
In North America, there are currently 1,243 active and suspended pipelines operating with a total length of 874,064 km. The region is expected to witness a total length addition of 25,335 km, representing 22 percent of the total global length additions.
For more information visit www.globaldata.com
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