The average transport distance of petroleum and gas pipelines in China has shown variability over the past decade. From 2013 to 2023, the distance rose from 536.11 to 671.08 kilometers, albeit with fluctuations. Significant year-on-year growth was observed in 2014 (9.47%), 2015 (4.78%), and 2020 (7.99%). Conversely, declines occurred in 2016 (-7.05%) and 2018 (-0.59%). Over the past five years, the compound annual growth rate (CAGR) averaged 2.6% as of 2023.
Future projections indicate a more modest average annual growth rate, with a forecasted CAGR of 0.4% extending to 2028. The average transport distance is expected to reach around 690.58 kilometers by 2028.
Future trends to monitor include:
- Technological advancements in pipeline infrastructure.
- Regulatory changes impacting the petroleum and gas sectors.
- Market demand fluctuations and geopolitical factors.
- Environmental policies affecting pipeline expansions and operations.
