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    Home > Chemicals Industry > International Chemical > Asia will spend $74.2 billion to deploy new gas pipelines between 2018 and 2022

    Asia will spend $74.2 billion to deploy new gas pipelines between 2018 and 2022

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
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    According to a new report by GlobalData, a large number of new gas pipelines
    will be built in Asia by 2022.

    Asia will spend $74.
    2 billion to deploy new gas pipelines between 2018 and 2022

    The report shows that the Asian region will add 49,321 kilometers of new gas pipelines, accounting for more than
    30% of the global planned total.
    Capital expenditures for the period 2018-2022 are expected to be around $74.
    2 billion, of which nearly 17,000 kilometers of pipeline will be built
    in India.

    Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, said: "The growth in natural gas demand has driven the deployment of
    India's gas pipeline network.
    Rapid population growth, rapid industrialization and urbanization, growth in domestic consumption, and the Indian government's plan to electrify rural areas are some of the drivers of the country's natural gas demand
    .

    About 153902 kilometers of new gas pipelines are planned to be installed by 2022, bringing the total length of gas pipelines worldwide to 1392605 kilometers
    by 2022.

    North America is expected to spend $83.
    4 billion to add 24,682 kilometers of new natural gas pipelines, and the former Soviet Union will spend about $96.
    3 billion to build 23,621 kilometers of new pipelines
    .

    According to a new report by GlobalData, a large number of new gas pipelines
    will be built in Asia by 2022.

    Gas pipelines

    Asia will spend $74.
    2 billion to deploy new gas pipelines between 2018 and 2022

    Asia will spend $74.
    2 billion to deploy new gas pipelines between 2018 and 2022

    The report shows that the Asian region will add 49,321 kilometers of new gas pipelines, accounting for more than
    30% of the global planned total.
    Capital expenditures for the period 2018-2022 are expected to be around $74.
    2 billion, of which nearly 17,000 kilometers of pipeline will be built
    in India.

    Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, said: "The growth in natural gas demand has driven the deployment of
    India's gas pipeline network.
    Rapid population growth, rapid industrialization and urbanization, growth in domestic consumption, and the Indian government's plan to electrify rural areas are some of the drivers of the country's natural gas demand
    .

    About 153902 kilometers of new gas pipelines are planned to be installed by 2022, bringing the total length of gas pipelines worldwide to 1392605 kilometers
    by 2022.

    North America is expected to spend $83.
    4 billion to add 24,682 kilometers of new natural gas pipelines, and the former Soviet Union will spend about $96.
    3 billion to build 23,621 kilometers of new pipelines
    .

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