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GeoCorr Pipeline Project Costs Increase Image of Yellow Construction Hats on Ground

Pipeline Project Costs to Increase as Labor, Raw Materials Prices Surge

27 Aug, 2021

Onshore pipeline projects may cost 4 to 6 percent more by the end of 2022 as labor, raw materials and transportation prices surge according to Rystad Energy analysis.

Rystad Energy -- an independent energy research and business intelligence company, released its report Aug. 9, 2021 – says that materials, which account for 30 to 40 percent of the total costs for a pipeline, are expected to increase 2 to 3 percent and may approach $1 million per kilometer in leading pipeline regions such as the United States.

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