The Global Refining Capacity is Set to Increase at an AAGR of 3.2%

Monday 19 August 2013, Amsterdam

Increasing Demand for Natural Gas Across the Globe will Contribute to Planned Natural Gas Pipeline Addition

The planned natural gas pipeline addition across the globe can be attributed to the increasing demand for natural gas worldwide. According to the latest BP Statistical Energy Outlook to 2030, during 2011-2020, the global natural gas consumption is set to increase at an Average Annual Growth Rate (AAGR) of 2.5% compared to 0.9% AAGR increase in oil consumption. The increasing preference for cleaner and efficient fuels globally is working in favor of rising natural gas consumption. Around 32.3% of the global planned pipeline length addition is scheduled to take place in Asia Pacific. Asia Pacific is witnessing rapid increase in its primary energy requirements, propelled by the emerging economies such as China and India.         

Natural Gas Pipelines Dominate the Planned Oil and Gas Pipeline Length Addition Globally During As Of 2013

As of 2013, planned natural gas pipelines length addition dominates total planned oil and gas pipeline length addition globally. As of 2013, natural gas pipelines will account for around 71% of the global planned oil and gas pipeline length addition, followed by crude oil pipelines (20%) and product pipelines (9%). Natural gas pipelines also dominate the active oil and gas pipeline network globally. As of 2012, natural gas pipelines accounted for 66.7% of the total active oil and gas pipeline network length worldwide, followed by crude oil pipelines (18.1%) and product pipelines (15.2%).