A theoretical study is conducted to model the flow characteristics of three-phase stratified wavy flow in horizontal pipelines with a focus on the low liquid loading condition, which is commonly observed in wet gas pipelines. The model predictions are compared to the experimental data of Karami et al. (2016a, b). These experiments were conducted with water or 51 wt% of MEG in the aqueous phase, and inlet aqueous phase fraction values from 0 to100%. Modeling of three-phase flow can be described as a combination of two-phase gas-liquid flow modeling, and a liquid phase oil-water mixing modeling. A mechanistic model is proposed to predict flow characteristics of three-phase stratified wavy flow in pipeline. For the gas-liquid interactions, Watson's (1989) combined momentum balance equation derivation was applied. However, the calculation procedure was reversed, and the wave celerity was assumed as an input, while interfacial friction factor was one of the model's outputs. The liquid-liquid interactions were modeled using a simple energy balance equation and shift in liquid phase center of gravity calculations. The liquid phases can be separated, partially mixed, or fully mixed. The bottom aqueous film velocity was calculated using the law of the wall formulation, and was used to calculate the flowing aqueous phase fraction. The model predictions of different flow characteristics for two and/or three-phase flows were compared with available experimental data. The pressure gradient, wave amplitude, and aqueous phase fraction predictions were in good agreement with the experimental data. However, the liquid holdup predictions were slightly under-predicted by the model. Overall, an acceptable agreement was observed for all cases. Most of the common multiphase stratified flow models are developed with the assumption of steady-state conditions and with constant interfacial friction factor value. This study proposes a novel method to model stratified flow. The predictions are in acceptable agreement with experimental data conducted under stratified wavy flow pattern conditions. (C) 2017 Elsevier Ltd. All rights reserved.