According to the study, ‘GLOBAL
OIL AND GAS PIPELINES INDUSTRY OUTLOOK TO 2022 - CAPACITY AND CAPITAL
EXPENDITURE FORECASTS WITH DETAILS OF ALL OPERATING AND PLANNED PIPELINES,’
There are various products that are offered by the company’s and includes
Transmission Pipelines, Trunk pipelines, Crude Oil Pipelines, Petroleum
Products Pipelines, Natural Gas Pipelines, Planned Pipelines, Cross-Country
Pipelines, Pipeline Operators, Pipeline Length, Capex, Capital Expenditure
Most of the local network that is used for transporting natural
gas involves usage of underground plastic pipes however, when it comes to
transportation of not just natural gas but also petroleum, oil, oil products
over hundreds of kilometres covering vast areas of different topographical
conditions such as Oceans or Deserts would require more strong, well-built
pipelines in order ensure proper, efficient transportation with minimum waste. Considering
various factors such as increase in the demand for fossil fuels is going to go
up for the next 5 years so would the demand for pipeline industry since they
are one the key drivers for the growth of this industry. Not only would this
but demand for Natural Gas also go up higher considerably. Considering these
two factors could result in a conclusion that the growth of the pipeline
industry shall also boom.
There are different types of pipelines that are manufactured; this
includes feeder pipeline transport in which crude oil and other products such
as natural gas liquids are transferred from batteries to the transmission
pipelines. Another type is the transmission pipelines that can be user to
transfer huge quantities of natural gas as well as petroleum products over
large distances across oceans. Another type of pipeline is the distribution and
the gathering pipeline.
Regular stakeholder communication and integration is one of the
major principal that is requisite for the success of the pipeline manufacturing
company. Maintaining proper communication amongst all the stakeholders allows
them to make informed decisions about various products. This would also enable
them to solve issues concerning regulatory framework. The designing of the pipeline
is a serious project that is taken by a company only after it meets regulatory
standard as prescribed by the respective government. Another major factor that
needs to be implied is taking care of their environmental as well as social
concerns. Hence, in order to assess the topographical, environmental social
effects require the preparation of a detailed route analysis sheet. The global
regulators are extremely rigid while ensuring that all
the required documents as well as assessments have been completed and require
no further inspection. Failing to adhere to strict instructions, the manufacturer
shall have to face serious charges from the government or responsible
organisation.
The regulatory authority for this industry is quite stiff which
although poses as a hindrance to the new entrants however this ensures top
quality to the end consumers. The overall growth in this industry is expected
to remain high due to increasing demand for petroleum products as well as other
oil related products that require pipelines to be transferred. The
international competition scenario is quite stiff because this industry
requires huge investment and companies with huge financial resources are able
to ultimately survive in the market.
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