Gazprom is expected to lead new-build gas processing capacity additions in the global gas processing industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 13% to global gas processing capacity growth by 2023, according to GlobalData, a data and analytics company.
The company’s report, “Global Capacity and Capital Expenditure Outlook for Gas Processing Plants – The US Leads Global Gas Processing Capacity Additions”, reveals that Gazprom is likely to have a new-build gas processing capacity of 10.5 billion cubic feet per day (bcfd) by 2023 from planned and approved projects.
Dipayan Chakraborty, Oil and Gas Analyst at GlobalData, comments, “Gazprom is expected to be involved in five new-build gas processing plants during the outlook period. Among these, Ust-Luga in Russia is the largest gas processing plant in the company’s portfolio and is expected to start operations in 2023. Gazprom holds 50% share in this project.”
Saudi Arabian Oil Co will be the second-highest company globally in terms of new-build gas processing capacity additions with 7.8 bcfd by 2023. The Tanajib plant in Saudi Arabia is the largest planned gas processing plant in the company’s portfolio.
“Some of the other major players in terms of global gas processing additions by 2023 include; Petroleos de Venezuela SA and RusGazDobycha, each with a capacity of 2.2 bcfd,” concludes Chakraborty.