Zeelink Pipeline Project in Germany Cleared its Regional Planning Assessment

The new German pipeline project will drive the demand for oil & gas pipeline market in Europe.

Germany: Zeelink pipeline project of leading German gas grid operator, Open Grid Europe, has cleared its Regional Planning Assessment. This pipeline project is around 215 Km long and will pass through Belgium border to North Rhine Westphallia of Germany. The project plays a major role in the transition from low-calorific to high-calorific gas in the region. The project is estimated to complete by 2019-2020 and would start its operation by the first quarter of 2021.

TechSci Research depicts that the increasing investment in pipeline projects will drive the demand for oil & gas pipeline market, globally. And growing production from offshore fields, replacement of aging pipelines, and rising innovation for exploration of unconventional energy resources such as growing use of hydraulic fracturing technique to extract oil & gas from shale rocks, are further anticipated to propel global oil & gas pipeline market during 2017- 2022.

According to released report of TechSci Research, “Global Oil & Gas Pipeline Market By Application, By Type, By Region, Competition Forecast and Opportunities, 2012 - 2022”, the global oil & gas pipeline market is projected to surpass $61 billion by 2022. Asia-Pacific garnered the largest share in the global oil & gas pipeline market in 2016, and the region is forecast to continue dominating the market in the coming years. Few of the major players operating in the global oil & gas pipeline market include Gazprom, BP, CNPC, Wingas, Kinder Morgan, Chevron Corporation, Royal Dutch Shell, Total, Engie and Kogas.