Onshore pipeline spend to be $180 billion by 2012

10/15/2007
An estimated $180 billion will be spent on onshore pipeline projects worldwide through 2012, says Douglas-Westwood analysts in a new study, “The World Onshore Pipelines Report 2008-12.”Based on strong market drivers and the volume of announced projects, the analysts expect the onshore pipelines industry to experience “substantial and sustained growth over the forecast period.”Analyst John Westwood, speaking at Brazil’s Rio Pipeline 2007, said: “With oil and gas demand set to continue growing, production increases are forecast, leading to greater need for the transportation of products to market. Increasing demand for gas to be transported vast distances...
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