Globally, 1,295 upcoming midstream projects are expected to start operations during the 2023 to 2027 outlook period. Of these, 1,159 represent new build projects and 136 are expansions of existing projects.
The trunk/transmission pipelines segment is expected to witness the start of operations of the highest number of projects (548) globally during the 2023 to 2027 period. Liquid storage and LNG regasification segments follow with 264 and 172 projects, respectively.
Globally, the majority of the upcoming projects are in the construction stage (508), followed by approval and feasibility stages with 388 and 283, respectively.
Global midstream projects outlook by development stage, 2023–2027
Among the midstream projects, pipelines, liquids storage, gas processing, and gas storage projects have the highest number of projects in the construction stage, while the majority of LNG regasification and liquefaction projects are in the approval stage.
Further details on upcoming global midstream new-build and expansion projects can be found in GlobalData’s new report, Oil and Gas Midstream New Build and Expansion Projects Analysis by Type, Development Stage, Key Countries, Region and Forecasts, 2023-2027.