Oil, gas and water to drive pipeline growth
By Daksesh Parikh
The Piping Industry in India is set to see a rapid growth in the coming decade giving rise to opportunities for participants in this segment. Demand will be fuelled by irrigation and water projects, sewage, oil, petroleum products and increased usage of gas. Fabrication of a wide variety of piping will be required to cater to these diverse projects. Besides cross-country pipe opportunities will also exist in laying pipelines onshore, offshore and in subsea lines spanning across the oceans.
Equipment erection, piping and associated mechanical works executed for the DHDS plant of BPCL by Larsen & Toubro Ltd
The International Pipeline Exposition, scheduled to be held from September 29 to October 4, in Calgary, Canada, has estimated $120 billion global expenditure on new transmission lines alone, without taking into account any rehabilitation or distribution networks.
India, which is largely dependent on imports of oil, will also see a significant growth in the construction of infrastructure facilities for oil and gas. The facilities will cover imports and also pipelines from ports to user refineries, utilities and energy producers.
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