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By 2022, the United States and Russia will dominate global capital spending for new oil and gas pipelines

 Last Update: 2022-12-27
 Source: Internet
 Author: User

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Until 2022, the United States and Russia will dominate global capital spending
for planned oil and gas pipelines.

By 2022, the United States and Russia will dominate global capital spending for new oil and gas pipelines

According to data and analytics firm GlobalData, the two countries will invest $84.
8 billion and $78.
8 billion, respectively, in new oil and gas pipelines over the next four years.

GlobalData said Canada, China and Nigeria will also invest heavily in new oil and gas distribution infrastructure by 2022
.

GlobalData predicts that by 2022, the total length of planned gas pipelines worldwide will increase to 153902 kilometers, with crude oil and oil pipelines expected to increase by 36,876 kilometers and 30,840 kilometers
, respectively.

Soorya Tejomoortula, oil and gas analyst at GlobalData, said: "Booming unconventional oil and gas production is in turn driving the growth of the
U.
S.
pipeline network.
A growing number of operators are focusing on connecting growing unconventional production with Gulf Coast oil and gas exports
.
Russia is further expanding its vast pipeline export network, transporting gas from its production centers to demand hubs
such as China, Japan, India and Europe.
”

，

Until 2022, the United States and Russia will dominate global capital spending
for planned oil and gas pipelines.

Oil and gas pipelines

By 2022, the United States and Russia will dominate global capital spending for new oil and gas pipelines

According to data and analytics firm GlobalData, the two countries will invest $84.
8 billion and $78.
8 billion, respectively, in new oil and gas pipelines over the next four years.

GlobalData said Canada, China and Nigeria will also invest heavily in new oil and gas distribution infrastructure by 2022
.

，

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