According to UndergroundConstructionMagazine.com, there are thousands of miles of new and planned oil and gas pipelines headed our way.
The magazine reports that the “latest international survey indicates 89,233 miles of new and planned oil and gas pipelines are under construction and planned. Of these 49,488 miles account for projects in the planning and engineering phase and 39,745 miles are in various stages of construction.
The article states that, “Based on BP’s recently released Statistical Review of World Energy 2011, many more miles of new pipelines will be needed to meet global energy consumption demand which grew 5.6 percent in 2011, the highest increase since 1973. The report credits the increase to rebounding economies after the recession and strong growth among developing nations.”
For more information, or to read the article in its entirety go to: http://www.undergroundconstructionmagazine.com/energy-pipeline-construction-remains-strong?utm_medium=email&utm_campaign=November%20UC%20news&utm_content=November%20UC%20news+CID_3d94a854c2d3ba6a933a1e3e5f16013b&utm_source=Email%20marketing%20software&utm_term=Energy%20Pipeline%20Construction%20Remains%20Strong