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07 September 2023
Latest oil and gas projects 2023
According to Globaldata, 196,130km of planned and announced trunk oil and gas pipelines are expected to come online globally during the period 2023–2030. Read about some recent projects in oil and gas.
- Xinjiang–Guangdong–Zhejiang SNG Pipeline: The Xinjiang-Guangdong-Zhejiang SNG project, which will be owned by China National Petroleum, China Petrochemical, China National Offshore Oil, and others, is expected to begin operations in 2026. SNG Transmission Pipeline will operate the 8,972 km-long Xinjiang-Guangdong-Zhejiang SNG project. According to GlobalData, which tracks over 8,000 active and developing pipelines worldwide, the onshore gas pipeline will begin in Xinjiang (China) and end in Guangdong (China). The pipeline would aid in the transportation of gas from western China to eastern economic centers. With a proposed length of 8,972 km, the Xinjiang-Guangdong-Zhejiang SNG gas pipeline in China is the longest upcoming pipeline project in Asia-Pacific from 2022 to 2026.
- West African Gas Extension Pipeline: The West African Gas Pipeline (WAGP) is a natural gas pipeline that transports gas from Nigeria’s Niger Delta Escravos region to Benin, Togo, and Ghana. It is Sub-Saharan Africa’s first regional natural gas transmission system. The onshore, shallow-water gas pipeline will begin in Lagos (Nigeria) and end in Tangier (Morocco), according to GlobalData, which tracks over 8,000 active and developing pipelines worldwide. The West African Gas Extension project, which will be owned by NNPC and the Office National des Hydrocarbures et des Mines, is set to begin operations in 2030. The West African Gas Extension project is linked to the 678-kilometer West African Gas Pipeline (WAGP).
- Canadian Prosperity Project Pipeline: The Canadian Prosperity Project is in Alberta, Canada. Canadian Prosperity Pipeline Project Corp. owns the pipeline. The Canadian Prosperity Pipeline Project Corp. will run it. The project is currently in the announced stage, with operations set to begin in 2030. The Canadian Prosperity Pipeline Project will operate the 4,500km-long upcoming Canadian Prosperity Project. According to GlobalData, which tracks over 8,000 active and developing pipelines worldwide, the onshore oil pipeline will begin in Alberta (Canada) and end in New Brunswick (Canada).
- Trans Saharan Gas Pipeline: The Trans-Saharan gas pipeline (TSGP; also known as the NIGAL pipeline and the Trans-African gas pipeline) is a proposed natural gas pipeline connecting Nigeria and Algeria. It is regarded as a chance to diversify the European Union’s gas supplies. The Nigerian National Petroleum Corporation (NNPC) and Algerian national oil and gas company Sonatrach signed a Memorandum of Understanding for project preparations on January 14, 2002. The pipeline’s annual capacity would be up to 30 billion cubic meters of natural gas. Algeria, Niger, and Nigeria’s energy ministers resurrected a decades-old project to build a gas pipeline across the Sahara Desert in June 2022. The proposed Trans-Saharan Gas Pipeline (TSGP) would connect Nigeria’s vast Warri hydrocarbon fields to Algeria’s Hassi R’Mel feeder hub on the Mediterranean coast. A trillion cubic feet of natural gas per year will be transported through 2,565 miles of pipeline, with Algeria accounting for 1,435 miles, or more than half of the total project length. Recent talks, facilitated by the European Union, resulted in the respective governments agreeing to form a task force to update the project’s feasibility study, which was first conducted in 2005.
- West–East IV Pipeline: China Oil & Gas Piping Network will operate the 3,340km-long West-East IV project. The onshore gas pipeline will begin in Xinjiang (China) and end in Ningxia (China), according to GlobalData, which tracks over 8,000 active and developing pipelines worldwide. The West-East IV project, which will be owned by China National Petroleum, China Petrochemical, China National Offshore Oil, and others, is expected to begin operations in 2024. West-East IV is located in the Chinese province of Xinjiang. China National Offshore Oil Corp (2.90%), China National Petroleum Corp (29.90%), China Petrochemical Corp (14%), and Others (53.20%) own the pipeline. China Oil & Gas Piping Network Corp. will operate it. The project is currently in the planning stage, with operations set to begin in 2024. The West-East IV Pipeline profile includes basic information such as the pipeline’s name, location (start and end points and route points), pipeline type, asset status, start year, owner and equity stakes, operator, length, diameter, design pressure, and installed capacity, as well as relevant news, deals, and contracts.
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