Reprice and Reassess OCTG Sourcing After Deepwater FID Signals

The Russian phase-out has also validated and accelerated non-Russian pipeline projects, particularly the Southern Gas Corridor (SGC), a flagship diversification effort and the Baltic Pipeline. Southern Gas Corridor (SGC): This ~3,500 km route brings Azerbaijani gas from the Shah Deniz field via the Trans-Anatolian Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP), bringing gas into Greece, Albania, and Italy

This directly fills gaps left by Russian pipeline declines. North Sea pipeline/Norwegian supplies: Norway became Europe’s top piped supplier, with projects like the Baltic Pipe enhancing flows to Poland and the region

Highlighting Alternative PipelinesThe phase-out has accelerated a multi-pronged strategy of demand reduction, renewables acceleration, and supply diversification—particularly through LNG terminals and non-Russian pipeline routes

"The White Oil Pipeline will establish a vital south-to-north corridor for white oil transportation across Pakistan," the SIFC said in a statement

Pakistan’s top investment body has approved a 435-kilometre pipeline project designed to transport refined petroleum products from Punjab province to the northwestern Khyber Pakhtunkhwa region, aiming to slash transport costs and bolster energy security. The Machike-Thallian-Tarru Jabba White Oil Pipeline secured approval through the Special Investment Facilitation Council, a government-backed body designed to fast-track major infrastructure by coordinating between federal and provincial institutions

The SIFC, which previously signed a memorandum of understanding for the pipeline, coordinated among stakeholders to clear regulatory hurdles. As fuel demand climbs and logistics costs pressure the economy, Islamabad has prioritised modernising its energy infrastructure

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The project will develop five fields through a new FPSO with 95,000 bpd production capacity and is targeting first oil in 2029

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