China’s petroleum and gas pipelines measured 13.6 ten thousand kilometers in 2023. From 2013 to 2023, the pipeline network has grown at an average annual growth rate (CAGR) of 2.15%. Over the last two years, 2022 and 2023, the year-on-year growth rates were 1.95% and 1.7% respectively. This indicates a slowing expansion rate compared to earlier years where CAGRs above 5% were recorded.
Future trends to watch for:
• Infrastructure advancements: Continued investments in modernizing and expanding the pipeline network will be crucial.
• Environmental regulations: Stricter environmental policies could impact pipeline development.
• Energy transition: Shifts towards renewable energy sources may slow the growth of petroleum and gas pipeline expansions.
