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 – …
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.
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.”
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.”