Dublin, June 23, 2023 (GLOBE NEWSWIRE) -- The "Global Natural Gas Pipeline Infrastructure Opportunity 2023 - Half Yearly Insights" report has been added to ResearchAndMarkets.com's offering.
As of Jan 2023, a total of 1800 operational global natural gas pipelines (combined national/transnational/trunk pipelines only) that have a total length of above 7,00,000 kms. Presently, the gas carrying capacity of these operational pipelines is nearly is 85.61 lakhs BOed.
As per recent data updates 50% growth in the expansion of natural gas pipeline infrastructure can be observed globally by 2030, that will increase natural gas pipelines to 2700 in count. American region inclusive of (North & Latin America) shall add nearly 172 projects, while an addition of 147 projects is anticipated across Europe by 2030.
As per the industry estimates, global natural gas consumption is expected to grow at an annual average rate of 0.8% from 2022 to 2025, reaching around 4240 bcm by the end of this forecast, a limited 3.4% increase or close to 140 bcm compared with 2021.
Demand growth is geographically concentrated, with two regions responsible for close to 80% of the increase. The Asia Pacific region as a whole account for almost half of global gas consumption gains to 2025, followed by the Middle East at one-third.
North America and Africa provide more modest contributions, while gas consumption is expected to broadly stagnate in Central and South America and Eurasia, and to decline more significantly in Europe.
A selection of companies mentioned in this report includes
- Oil and Natural Gas Limited
- Gas Authority of India Limited
- Assam Gas Company Limited
- Oil India Limited
- GAIL Gas Limited
- Indian Oil Corporation Limited
- IndianOil-Adani Gas Private Limited
- Think Gas Investments PTE Limited
- Adani Gas Limited
- Torrent Gas Private Limited
- Gujarat Gas Limited
- Hindustan Petroleum Corporation Limited
- Bharat Gas Resources Limited
- Maharashtra Natural Gas Limited
- Megha Engineering & Infrastructures Limited
- Indraprastha Gas Limited
- Green Gas Limited
- Woodside energy
- ConocoPhillips
- APA Group
- Osaka Gas Holdings
- PetroChina
- CKI Group
- Blue Energy
- Gas Transmission Company Limited
- National Pipe Network Group Southwest Pipeline Co
- Gazprom
- Yunnan Natural Gas Co., Ltd
- Shell
- Chevron
- Equinor
- Petronas
- Sapura Energy Berhad
- JFE Engineering Corporation.
For more information about this report visit https://www.researchandmarkets.com/r/1i8b56
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