Tuesday, April 9, 2013

The global oil and gas pipelines market will reach $47.35bn

Oil & gas pipelines are an essential part of hydrocarbon transportation and distribution, required to ensure the smooth operation of the energy industry. The market is currently experiencing a number of important changes, with the factors driving spending differing considerably between each region. In particular, escalating oil & gas demand in Asia and the growth of the oil sands and tight oil markets in North America are creating opportunities for companies involved in the pipelines industry.
Visiongain has determined that the value of the global oil & gas pipelines market will reach $47.35bn in 2013. At present 103,378km of pipelines are under construction, planned or proposed throughout the world.

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