• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, February 4, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

China to witness significant midstream project-starts in Asia by 2025— GlobalData

October 13, 2021
Stephen KotochiebyStephen Kotochie
in Asia
0
midstream

GlobalData

China is expected to commence the operations of 70 midstream oil and gas projects from 2021 to 2025. This accounts for about 21 per cent of the total upcoming midstream project-starts in Asia by 2025, GlobalData finds.

GlobalData, the leading Data and Analytics Company, made these known in its latest report, ‘Global Midstream New Build and Expansion Projects Outlook, 2021-2025 – Transmission Pipelines Dominate Global Midstream Project Starts’ released today, October 13, 2021.

In the report, GlobalData revealed that out of 70 projects expected to commence operations in China, Liquefied Natural Gas (LNG) regasification projects reaching 28 (40%); liquids storage projects would reach 20 (29%); transmission pipelines would be at 15 (21%); underground gas storage (UGS) at six (9%); and one (1%) would be a gas processing project.

RelatedPosts

Blinken’s Cancelled Trip Downplayed By China

Australia To Remove British Monarchy From Its Bank Notes

US, Philippines Agree On Larger American Military Presence

Bhargavi Gandham, Oil & Gas Analyst at GlobalData, commented: “China is one of the largest oil and gas consuming nations, and a leading importer of LNG globally. As a result, the country continues to witness strong growth in the midstream sector, especially in the LNG regasification and storage segments.”

Liquids Storage Projects to be second largest after LNG Regasification

Furthermore, GlobalData noted that liquids storage projects would constitute around 29 per cent of all midstream project-starts in China during the period 2021 to 2025.

Among the upcoming liquids storage projects, the Zhoushan V Expansion project leads with a storage capacity of 131.94 million barrels and costing US$5,145.7 million. The project is presently in the feasibility stage and is expected to start operations in 2025.

Considering the projects under transmission pipelines segment, Power of Siberia 1 (China Section-II) gas pipeline project leads with a length of 1,509 km and costing US$4,268 million. According to GlobalData, the project is presently in the construction stage and is most likely to start operations in 2025.

In the gas storage segment, the Liaohelei 61 project dominates with a gas processing capacity of 406.1 billion cubic feet (bcf). China National Petroleum Corp. is the operator and 50 per cent equity holder of the project, which is expected to start operations by 2022.

In addition, Jidong II and Jidong I are the other major projects that collectively account for 146 billion cubic feet (bcf) of gas processing capacity expected to become operational during 2021 to 2025.

Globally, up to 1,174 upcoming midstream projects are expected to start operations during the 2021 to 2025 outlook period. Of these, 1,073 represent new build projects as well as 101 projects expansions of already existing projects.

In the midstream sector, the transmission pipelines segment is expected to witness the start of operations of the highest number of projects globally. In total, transmission pipelines projects will number 509 during the 2021-2025 period. Liquids storage and gas processing segments follow with 276 and 146 projects, respectively.

READ ALSO: Peasant Farmers Association Disappointed in Ghana’s Ranking on 2021 Global Food Security Index

Tags: ChinaMidstreamoil and gasProject

Related Posts

Blinken’s Cancelled Trip Downplayed By China
Asia

Blinken’s Cancelled Trip Downplayed By China

February 4, 2023
Australia To Remove British Monarchy From Its Bank Notes
Asia

Australia To Remove British Monarchy From Its Bank Notes

February 2, 2023
US, Philippines Agree On Larger American Military Presence
Asia

US, Philippines Agree On Larger American Military Presence

February 2, 2023
U.S Defense Secretary In Philippines To Discuss Deployment Of More American Troops
Asia

U.S Defense Secretary In Philippines To Discuss Deployment Of More American Troops

February 1, 2023
Myanmar’s Military Is Increasing Airstrikes – Rights Group
Asia

Myanmar’s Military Is Increasing Airstrikes – Rights Group

February 1, 2023
Pakistan Mosque Blast: Death Toll Rises To 100; Officials Blame Security Lapses
Asia

Pakistan Mosque Blast: Death Toll Rises To 100; Officials Blame Security Lapses

February 2, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Government not Ready With Budumburam restructuring Plans- Alfred Thompson

Next Post

Old Mutual Insurance in talks to Acquire Companies in Nigeria and Ghana

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
GNGC, Joint Venture Partner Signs US$700m Project Implementation Agreement To Construct GPP Train 2
Extractives/Energy

GNGC, Joint Venture Partners Signs US$700m Project Implementation Agreement To Construct GPP Train 2

by Gifty BansahFebruary 4, 2023
Blinken’s Cancelled Trip Downplayed By China
Asia

Blinken’s Cancelled Trip Downplayed By China

by Comfort AmpomaaFebruary 4, 2023
Ghana Assembles Its Own CIT Armoured Vehicles To Facilitate Transportation of Cash By Banks
Innovation

Ghana Assembles Its Own CIT Armoured Vehicles To Facilitate Transportation of Cash By Banks

by Priscilla Dziedzorm FiakpornuFebruary 4, 2023
World Food Prices Decline for 10th Month Running in January- FAO
Securities/Markets

World Food Prices Decline for 10th Month Running in January- FAO

by Stephen M.CFebruary 4, 2023
Rev Kusi Boateng Secures A restraining Order Against Ablakwa, Injuncts Ablakwa From Further Publications On him
General News

Rev Kusi Boateng Secures A restraining Order Against Ablakwa, Injuncts Ablakwa From Further Publications On him

by Emmanuel SarpongFebruary 4, 2023
Kyerematen Claimed To Be The Best Candidate
General News

NPP Is Corrupt, NDC Is Corrupt – Kennedy Agyapong

by Samuel Yeboah OtibuFebruary 4, 2023
GNGC, Joint Venture Partner Signs US$700m Project Implementation Agreement To Construct GPP Train 2
Blinken’s Cancelled Trip Downplayed By China
Ghana Assembles Its Own CIT Armoured Vehicles To Facilitate Transportation of Cash By Banks
World Food Prices Decline for 10th Month Running in January- FAO
Rev Kusi Boateng Secures A restraining Order Against Ablakwa, Injuncts Ablakwa From Further Publications On him
Kyerematen Claimed To Be The Best Candidate
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In