$70.7bn In Capex Anticipated On New Oil And Gas Pipelines Worldwide IN 2017

This analysis indicates that capital expenditure on new land-based oil and gas transmission pipelines will be $70.7bn in 2017.

The future prospects for the industry are revealed in this extensive 386 page report the Onshore Oil & Gas Pipelines Market Report 2017-2027.

The world’s population is expected to increase to around 9 billion people by 2040. Africa will account for half the increase which will lead to an increase in energy demand and consumption. Most of the demand growth comes from emerging economies which strongly influence energy consumption. As developing countries across the globe advance, living standards improve and the demand for energy grows rapidly, creating the conditions for strong CAPEX growth. The construction of pipelines can be viewed as a facilitator in the growth of emerging markets. With widespread anti-climate change initiatives pioneered and taking place across the globe, the role of oil as a primary resource will decline to make way for natural gas and renewable energy.

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Onshore Oil & Gas Pipelines Market Report 2017-2027

The report also contains 313 tables, charts and graphs studying two submarkets, seven regions, and analysing eleven leading countries. The 2017 report accounts for fundamental market and political changes that have occurred globally and in key regions, including the oil price collapse, the expansion of the Islamic State in the Middle East, and revisions to growth and fuel consumption forecasts in Asia. Its research indicates that globally more spending will be dedicated to gas pipelines between 2017 and 2027, and that the market will be driven by the Asia-Pacific and North American regions. Additionally, the key player has calculated baseline lengths of the existing oil and gas trunk / transmission pipelines network, in each region and leading country, as well as forecast anticipated length increases (and total network lengths) in the coming decade.

There are a multitude of factors affecting the security environment in which oil and gas assets are developed and transited.  Current oil and gas infrastructure, future expansion plans, threats to physical infrastructure, regional development drives, safety, risk perception, environmental concerns, and the application of new technology are all amongst the factors that affect the global pipelines market.

The lead analyst for the report commented that:
“The global oil and gas pipeline market is currently experiencing a number of significant changes following another year of low oil prices and political constraints. As the world shift towards less carbon intensive source, natural gas demand is set to increase resulting in the construction of pipeline infrastructure despite a strong shift towards LNG imports and exports from many regions.

A companies chapter profiles the main providers of pipeline development and services worldwide. The most prominent and up-and-coming companies are detailed, along with their most recently proposed or presently underway projects. The key player has calculated, commented on, and visualised comparative CAPEX for 2017 for five of the most active organisations in the industry.

This forecasting and analysis is grounded in primary and secondary research that incorporates internal databases, private networks, and public financial and economic information.

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Source: ASDReports - Market Research
Date: Oct 12, 2017