North America is expected to have the maximum share of the global oil and gas trunk/transmission pipeline length by 2024 - representing around 43%.
Running for a length of 899,399 km, the region continues to lead global pipeline additions with 25,335 km, lagging only behind Asia, GlobalData revealed.
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, showed that the total length of the global trunk/transmission pipeline network was 2,083,369 km.
Of the total global pipeline length, among the regions studied, North America is on top with 899,399km, followed by the Former Soviet Union (FSU) and Asia with 419,021 km and 225,382 km, respectively.
Adithya Rekha, oil and gas analyst at GlobalData, said: “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. This will help retain the region’s global leadership in terms of pipeline length and register an impressive growth in the pipeline network by 2024. It will also sit it in second place worldwide, losing out only to Asia.”
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 additions of 25,335km, representing 22% of the total global length additions.
The longest of the upcoming projects is San Fernando–Cactus, with a length of 1,609 km, that Expected to start operations in Mexico soon.
However, this pales into comparison to the onshore natural gas pipeline NGTL System in Canada, the longest active pipeline in North America, which has a length of 24,575 km.
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