Pipes News Today

Wholesale gas prices in the Netherlands and Britain remained steady due to sufficient supply.

German gas production dropped 2.3% to 4.2 billion cubic meters in 2024, while oil output remained steady at 1.6 million metric tons.

Cairn Oil & Gas expands its presence in India with 7 new blocks (3 offshore, 4 onshore), totaling 69 blocks and 73,000 sq km, focusing on West Coast exploration and partnering with 2H Offshore and TechnipFMC for development.

India aims to increase natural gas's energy share from 6% to 15% by 2030, driving clean industrial growth. Challenges include infrastructure, skilled labor, and import dependence, but $20-30 billion investment potential exists.

GAIL has introduced an Additional CIS-linked Post Sale Discount Scheme for Polyethylene (PE) applicable throughout April 2025. The scheme offers tiered discounts based on monthly lifting percentages for two customer categories — "A" and "B." For Category "A" customers (those signing CIS in April with a Minimum Committed Quantity (MCQ) equal to or greater than March 2025, or new customers without a CIS in FY 2024-25), discounts X1 and X2 will apply for achieving ≥80% and 100% of April’s MCQ, respectively. Category "B" includes customers whose April CIS MCQ is lower than March 2025 or who failed CIS in FY 2024-25 before March. These customers will receive discounts Y1 and Y2 for similar lifting benchmarks.

In Q4 2023, India's LNG price rose to 589 USD/metric ton, while Germany's reached 654 USD/metric ton due to high demand and supply constraints.

Saudi Arabia plans to cut crude oil use in power generation by 350,000 bpd by 2030 using Jafurah shale gas field, boosting gas production by 60% and freeing up oil for export.

European wholesale gas prices saw a slight increase but stayed within a stable range, lacking clear direction.

The global GRE pipes market, valued at US$2.62 billion in 2022, is projected to reach US$4.4 billion by 2032, driven by oil & gas and petrochemical demand, growing at a CAGR of 5.4%.

The midstream oil and gas equipment market is expected to grow significantly from 2025 to 2032 due to rising energy consumption and the need for efficient storage and transportation infrastructure.