International Pipeline Construction Outlook.
Pipeline & Gas Journal › Vol. 228 Nbr. 8, August 2001
Linked as:
Summary
Brief Article
See the full content of this document
Extract
International Pipeline Construction Outlook.
Oil & Gas Infrastructure
Pipeline & Gas Journal's latest international construction survey figures indicate 96,434 km (59,923 miles) of oil and gas pipelines are in various stages of construction or planned for construction. The high number of pipeline projects and mileage seem to indicate a healthy and sustained growth for pipeline contractors through 2003 and beyond. What could prove worrying is the high number of planned projects in the Former Soviet Union (FSU) and Eastern Europe (EE), accounting for 28,967 km (18,000 miles), where long delays in pipeline construction projects have become almost commonplace. On a more positive note, natural gas use in the electricity generation sector is projected to grow rapidly in both Eastern and Western Europe, two areas expected to rely increasingly on imports from Russia. The world's changed energy environment may also impact future construction. Energy markets were put to the test in 2000 with crude oil prices reaching levels not seen since the early 1980s, as supplies remained tight for most of the year. Natural gas prices lagged oil prices but followed upwards, reflecting the impact of contractual links and competition between fuels, according to The BP Statistical Review of World Energy 2001. The Review g gas forecast indicated that this was the fastest growing fuel in 2000, with global consumption rising by 4.8%--the highest rate since 1996. Gas demand increased in all regions but grew especially fast in Asia-Pacific, where it increased by almost 8%. Chinese consumption was exceptionally strong, rising by 16%. Canada also outstripped the global average, with a 5.1% rise. In the Former Soviet Union, gas consumption increased for the second year running, rising by 2.9% and reversing a trend of near continuous decline since the early 1990s. The Review shows that natural gas production increased globally by 4.1%. The biggest increases occurred in countries tapping into the even faster growing international trade in natural gas: output grew by more than 50% in Nigeria and Oman as new LNG projects began building towards capacity. Production in Turkmenistan more than doubled as Russia pulled in additional Turkmen gas to compensate for declining domestic production. Construction Overview. Worldwide there is a great deal of construction activity to complete pipelines to meet future energy needs. Following is a discussion of some of the major projects planned and under construction within the seven basic country grouping used in this article. (See accompanying map). Miles of...See the full content of this document
Sponsored links
