Industry News

Iran Gas Engineering and Development Company Plans to lay 6,000 km of Gas Pipelines in Iran

Iran: Iran Gas Engineering and Development Company (IGEDC) has planned to construct 6,000 km of gas pipelines nationwide in the coming years to improve the gas transportation business. There are about 10 natural gas transmission stations which are under construction and the company is planning to construct 36 more transmission stations in the coming years.

TechSci Research depicts that the construction of new pipelines and transmission stations would encourage natural gas distribution companies of Iran to invest in leak detection equipment influencing the growth of global oil and gas pipeline leak detection market. The project will lead to increased demand of hydrostatic testing, infrared, and laser technology equipment’s for leak detection.

According to released report of TechSci Research, “Global Oil & Gas Pipeline Leak Detection Market Forecast & Opportunities, 2020”, the global oil & gas pipeline leak detection market is projected to cross USD1.8 billion in 2020. Government of various countries have formulated regulations and standards, for reducing the after effects of oil and gas pipeline leak detection, which specify dedicated methods for oil & gas pipeline leak detection, which companies are required to abide with. These standards have made deployment and maintenance of leak detection systems a compulsion, thereby fueling growth in oil & gas pipeline leak detection market.

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