Pipelines to get larger share of India’s liquid transportation market

Rapidly rising consumption of petroleum oil and gases, together with liquid chemicals, is driving the market for transportation of liquid and gaseous cargo in India. The growing economy, increasing disposable income, and growth in automobile and industrial production continues to push the demand for natural gas as well as petroleum, oil, and lubricants (POL). More than half of the liquid and gaseous cargo in India was transported domestically by road in 2008; but with growing consumption, pipelines are expected to gain market share. By 2010, public sector oil companies will spend close to US$11.33 billion on expanding supplies and building new transportation networks for oil and gas, according to a study by Frost & Sullivan. (August 6, 2009)