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Russia to drive Former Soviet Union’s refining industry capacity growth by 2024

Russia is expected to lead the refining industry capacity growth in the Former Soviet Union (FSU) from active and upcoming (planned and announced) projects, accounting for 56% of the total capacity growth between 2019 and 2024, says GlobalData, a leading data and analytics company.

The company’s report, ‘Global Refining Industry Outlook to 2024 – …

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Russia to lead with 84% of FSU’s new-build trunk pipeline length additions by 2023

Russia is expected to lead the Former Soviet Union’s (FSU’s) oil and gas new-build trunk/transmission pipeline length additions, contributing around 84% of the region’s planned and announced pipeline length additions between 2020 and 2023, says GlobalData, a leading data, and analytics company.

The company’s report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Planned Pipelines’, reveals that Russia is expected to have new-build pipeline length of 10,497 km by 2023.

Adithya Rekha, Oil and Gas Analyst at GlobalData, comments: “In Russia, a total of 24 new-build pipelines are expected to start operations by 2023. Nord Stream 2 is the longest upcoming pipeline in the country with a length of 2,400 km. It is a shallow water natural gas pipeline expected to start operations in 2020. Gazprom owns a 100% equity stake in the project, while Nord Stream 2 AG is the operator.”

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GlobalData expects Turkmenistan to be the second-highest contributor to the region’s new-build pipeline length additions by 2023 with a length of 1,000 km. The entire length is expected to be contributed by a planned pipeline – Central Asia–China Line D. It is an onshore natural gas pipeline that is expected to start operations in 2022. Trans-Asia Gas Pipeline Co Ltd owns a 100% equity stake in the pipeline project and is also its operator.

Rekha concludes: “Ukraine ranks third with a length of 396 km from an announced pipeline – Brody–Adamowo. It is an onshore crude oil pipeline planned to start operations in 2023.”

Source: GlobalData