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China petroleum & natural gas drilling and transmission steel pipe market report, 2012-2015

Wednesday, Jan 16, 2013

Research and Markets (http://www.researchandmarkets.com/research/zrrwx7/china_petroleum) has announced the addition of the "China Petroleum & Natural Gas Drilling and Transmission Steel Pipe Market Report, 2012-2015" report to their offering.

“China Petroleum & Natural Gas Drilling and Transmission Steel Pipe Market Report, 2012-2015”

Due to uncertainties including sluggish global economic recovery and volatile geopolitical environment in Middle East and North Africa since 2011, the global crude oil prices have long been lingering at as high as USD110/barrel, fueling the strong surge in the oil & gas exploration expenditure worldwide. Consequently, the demand for steel tube products such as oil well pipes and oil & gas transmission pipes has been greatly boosted.

In China petroleum & natural gas transmission market, West-to-East natural gas transmission project and offshore petroleum and natural gas resources exploitation during the 12th Five-year Planning period are expected to lead the tide of oil & gas pipeline construction. In China, the total length of oil & gas pipeline network will hit 150,000 km as of 2015, a sharp increase compared with the 82,000 km in 2011. During 2012-2015, a total of seven oil & gas transmission trunk networks and ten regional supporting pipe networks are scheduled to start construction in China, expecting to generate the demand for 11.38 million tons of SSAW and LSAW.

Source: Business Wire

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