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Article: Study forecasts massive spending on onshore pipeline projects through 2012.(P&GJ'S 2008 Worldwide Pipeline Construction Report)(Report)
- Article from:
- Pipeline & Gas Journal
- Article date:
- January 1, 2008
CopyrightCOPYRIGHT 2008 Oildom Publishing Company of Texas, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A study by analysts Douglas-Westwood titled The World Onshore Pipelines Report 2008-2012 forecasts that $180 billion will be spent on onshore pipeline projects worldwide through 2012.
The report estimates a 16% increase in the pipeline mileage installed from 2008-2012 compared to the historic five year period 2003-2007. Nearly 75% of this expenditure is expected to be spent in Asia, Eastern Europe, the FSU and North America. Almost 70% is projected to be spent on gas pipelines. Asia stands out as the largest forecast market--by length of pipeline construction--accounting for $42 billion of forecast capital expenditure.
The status of forecast pipeline ...