Modern pipelines are generally the most economical way of transporting large quantities of oil and gas overland from its extraction point to refineries, storage and consumption areas. This unique ability has allowed the pipelines industry to grow over the previous century and this is set to continue going forward. Forecasts say the global oil and gas pipelines market will be worth USD 60.29 billion in 2012. The growth in the oil and gas pipelines expenditure will be fuelled by the emerging countries of China, Brazil and Venezuela as well as some mature markets like Canada and Russia.
Despite a range of challenges expected to face the industry such as a weak global economy, political instability in certain corners of the world as well as the expansion of LNG infrastructure, the worldwide oil and gas pipelines market is likely to provide substantial opportunities for potential investors in the foreseeable future.
Title: The Oil & Gas Pipelines Market Analysis 2012-2022
Published: March, 2012
Price: US$ 2,642