Opinion

Iran Will Contribute More Than 50% of Middle East’s Oil and Gas Pipeline Additions to 2022, Says GlobalData

Posted by OilVoice Press - OilVoice

20-Sep-2018


Iran is forecast to add the highest trunk pipeline length in the Middle East oil and gas pipelines industry between 2018 and 2022, contributing a total length of 12,698 km, which will account for more than 50% of the region's planned and announced oil and gas pipeline length additions, according to leading data and analytics company GlobalData.

The company's report: ‘Oil and Gas Pipelines Industry Outlook in Middle East to 2022' forecasts that around 24,066 kilometers (km) of planned oil and gas pipeline length will be added in the Middle East by 2022, which will take the region's total oil and gas pipeline length to around 106,325 km by 2022.

Iran has new build capital expenditure (capex) of around US$22.3bn for the forecast period. Iranian Gas Trunk line–IGAT IX is the longest planned pipeline in the region and is expected to start its operations in 2020, with a planned length of 1,900.0 km and diameter of 56.0 inches.

Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: “Iran is planning to ramp-up its oil and gas production, which in turn is necessitating the new pipeline network. The country is also planning a couple of long natural gas pipelines for exports to Greece and Oman.”

PR2765

IMAGE FOR PUBLICATION: Please click here for enlarged chart

GlobalData identifies Iraq as the second highest in terms of oil and gas pipeline length additions and the highest for spending on planned pipelines in the Middle East oil and gas pipelines industry. The country has planned investment of around US$29.6bn by 2022 and plans to add a total length of 5,105 km of oil and gas pipelines by 2022. Major pipelines in the country are Basra–Aqaba Oil and Basra–Aqaba Gas pipelines, each with lengths of 1,700 km.

Tejomoortula adds: “Iraq is planning two multibillion dollar pipelines to Jordan for export of oil and gas. The country is also planning a pipeline to Turkey for oil exports from the mature Kirkuk field.”

Turkey is the third highest among the countries in the Middle East, in terms of oil and gas pipeline length additions as well as new build capex spending with around US$5.8bn planned investment during the forecast period. Turkey is expected to add around 2,030 km of planned and announced oil and gas pipelines by 2022.

The three longest planned and announced natural gas pipelines in the Middle East between 2018 and 2022 are Iranian Gas Trunk line–IGAT IX pipeline in Iran, Trans Anatolian (TANAP) pipeline, and Iran–Turkey–Europe Gas (Turkey Section) pipeline with lengths of 1,900 km, 1,850 km and 1,800 km respectively.

The report also states that the three longest planned and announced oil pipelines in the region by 2022 are Basra–Aqaba Oil pipeline in Iraq, Genaveh–Jask pipeline in Iran, and Iraq–Turkey II pipeline with lengths of 1,700 km, 1,000 km and 970 km respectively.

Information based on GlobalData's report: Oil and Gas Pipelines Industry Outlook in Middle East to 2022 – Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Pipelines



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

IranIslamic Republic of IranMiddle EastOilgaspipelineGlobalData

More items from oilvoice


Cyber Security Experts Unite to Protect Europe’s Critical Industries

CS4CA Summit Returns to London this October Staying abreast of fast-paced industry developments is crucial for cyber security professionals. And while one can learn a lot from publications and social media, it's hard to beat the value of insights gained first-hand from peers. This is why 150+ IT ...

OilVoice Press - OilVoice


Posted 2 months agoPress > cybereurope

Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice


Posted 6 months agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice


Posted 11 months agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice


Posted 11 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11
All posts from oilvoice