Special Report-Leap in Worldwide Pipeline Construction Plans Lag Industry Downturn

Pipeline operators in first half 2001 anticipated increases in oil and gas production and ignored slowing demand growth through much of the last half of the year. The result as 2002 got under way was a leap in planned pipeline construction for this year and after 2002.Operators announced plans throughout 2001 to install more than 65,000 miles of crude oil, product, and natural gas pipeline beginning this year and extending into the next decade. And those operators were equally bullish for the short term, planning to lay more than 17,700 miles in 2002 alone (Fig. 1). Click here to enlarge imageThese trends are revealed in the latest Oil & Gas Journal pipeline construction data derived fro...

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