Wealth Management

12 Days of Christmas: Eleven Pipers Piping

On the eleventh day of Christmas my true love sent to me, eleven pipers piping. We mark Day 11 of the 12 Days of Christmas, with the eleven pipers piping and look at how piping carries our natural gas resources around the world.

12 Days of Christmas: Eleven Pipers Piping

The eleven pipers piping are thought to represent religious symbols from the Bible, of the eleven faithful disciples brought together by Jesus. Today most of us would imagine an orchestra of musicians coming together to play wind instruments but there are other examples of piping which connect us all in different ways.

The London Underground (also known as the 'tube') is the transport system which connects people across London via an intricate pipe network. To travel further afield there is the Eurostar, which is an international high-speed rail service going through the Channel Tunnel, connecting the United Kingdom with France, Belgium and the Netherlands.

Of course piping also carries so much of the natural gas resources (such as oil and gas) around the world and are objectively a marvellous feat of human engineering. Their sheer size and stretch is something to behold and construction can take several years, if not decades. The worlds longest gas pipeline is the West-East Gas Pipeline operated by PetroChina at 8707 km long. PetroChina is the largest oil/gas producer and distributor, playing a dominant role in the oil and gas industry in China. It is one of the companies with the hugest sale revenue in China, but also one of the largest oil companies in the world.

The third longest Yamal–Europe natural gas pipeline is a 4,196 km long pipeline connecting natural gas reserves in Western Siberia and in the future on the Yamal peninsula, Russia, with Germany. Also considered the world's widest pipeline, able to carry 33 billion cubic metres of natural gas through 14 compressor stations. Transporting these natural supplies is an important role fulfilled by the pipes piping and will continue to bring us together.

The value of an investment and the income from it can go down as well as up and investors may not get back the amount invested. This may be partly the result of exchange rate fluctuations in investments which have an exposure to foreign currencies.

If you would like to read the previous article for the tenth day of the '12 Days of Christmas: Ten Lords A-Leaping', please click here.