The GlobalData has revealed that eleven new pipelines are expected to come on stream in Nigeria by 2023.
According to data and Analytics Company, Nigeria is expected to contribute around thirty-five per cent of Africa’s total planned and announce oil and gas new-build trunk/transmission pipeline length additions between 2019 and 2023.
The company’s latest report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023, Capacity and Capital Expenditure Outlook with Details of All Planned Pipelines’, revealed that Nigeria was expected to provide six thousand, six hundred and one point five kilometers of new-build pipelines by 2023.
It said most of the additions would constitute natural gas, at six thousand, four hundred and sixty km, while crude oil pipelines would account for one hundred and forty-two km.
An oil and gas analyst at GlobalData, Varun Ette, said, in Nigeria, eleven new-build pipelines are expected to start by 2023 out of which eight are planned projects and the remaining three are from early-stage announced projects.
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