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India to account for over one-third of midstream project starts in Asia by 2025
India is likely to commission 118 midstream oil and gas projects from 2021 to 2025, accounting for 35% of the total upcoming midstream project starts in the period, reports GlobalData.
According to the market analyst’s latest figures, transmission pipeline projects will account for 47% (55 projects) of the 118 midstream projects expected to come online between 2021–2025. The Kandla–Gorakhpur LPG pipeline is one of the key developments, with a length of 2,757 km and costing $1.4bn. The project will serve LPG bottling plants in the states of Gujarat, Madhya Pradesh and Uttar Pradesh.
Liquids storage projects are expected to constitute around 36% (43 projects) of all midstream project starts in India during the forecast period. The Chandikhol project leads the upcoming projects, with a storage capacity of 30mn barrels and costing $941mn. The project is currently in the approval stage and is slated to start operations in 2025.
Among the 17 LNG regasification project start-ups, the 573mn Karwar floating project leads with an LNG regasification capacity of 365bn cf. Currently under construction, the project is expected to start operations in 2023.
Meanwhile, out of the planned three gas processing projects, Vedanta Resources’ Raageshwari II development leads the field with a gas processing capacity of 100mn cf/d. The project is due onstream by 2022. The other two projects, Dirok II and Kaza, will account for 66mn cf/d of gas processing capacity.