Despite the construction opportunities being in flux, the expansion of the global pipeline continues. The main reason of being in flux is the market volatility, rising costs, and environmental issues. Currently, pipeline construction around the world is more than 2 million miles long in 120 countries. Out of this enormous pipeline length, around 65 percent is located in the United States. Russia on the second with significantly lesser in comparison i.e., only 8 percent whereas Canada hosts 3 percent of the total global pipeline length.
As of 2020, the world had around 1308 natural gas pipelines and 491 crude oil pipelines however, at that time, 87 natural gas pipelines and 18 crude oil pipelines were under construction. 219 natural gas pipelines and 53 crude oil pipelines were proposed for the construction.
Due to the adverse economic effects of the Covid-19 around the world, the worldwide pipeline construction forecast by Oil and Gas Journal has reduced by 17 percent in 2021. The construction planned shrank the most in the United States as shown in the infographic.
The operators planned to construct around 14,345 miles of pipelines in the world in 2021 due to which the total natural gas pipeline share would increase to 93 percent up from 78.5 percent in 2020.
Infographic by: Energyminute.ca
