⛽⛴️ 🏭 🚨 MORE THAN 70'000KM OF NEW GAS PIPELINE UNDER CONSTRUCTION GLOBALLY
In excess of 70'000km (43'495mi) of new gas pipeline is being constructed globally at a cost of approximately $194 billion, according to data published by Global Energy Monitor (GEM), a San Francisco-based company in the United States.
The data published points out that 83% of new gas pipeline being built in Asia at a cost of $117.2 billion, with India and China leading the way in new pipeline construction.
New pipeline construction increased by 18% in 2023, with 57'000km being built in Asia, 5'600km under construction in Europe, 4'700km in the Americas, and another 1'800km in Africa.
The top ten builders of new pipelines include China, India, Iran, Russia, Pakistan, the United States, Nigeria, Italy, Argentina and Canada.
In Asia, China is in the process of constructing 30'300km of new gas pipeline in 150 total projects. Russia, meanwhile, is building another 2'900km of pipeline for approximately $8.2 billion.
In Iran, 5'000km of new gas pipeline is under construction for a total cost of roughly $18 billion, while Pakistan is currently building 1'800km of pipeline for an estimated cost of $3.7 billion.
Across the globe, the total length of proposed gas pipelines and pipelines currently in the project phase totals approximately 159'000km.