Russia will account for 42% of the total capacity additions in the gas processing industry in the Former Soviet Union (FSU) between 2018 and 2022, according to data and analytics company, GlobalData
The company’s report, 'Gas Processing Industry Outlook in Former Soviet Union to 2022 – Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Processing Plants’ reveals that the FSU is expected to have 16 planned gas processing plants with a total processing capacity of approximately 11.63 billion ft3/d by 2022.
Russia is expected to add the highest gas processing capacity of 4.89 billion ft3/d from seven planned and announced gas processing plants during the forecast period. The country is expected to have CAPEX of US$21.5 billion over the next four years.
Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: “Russia is ramping up its new-build gas processing capacity with an aim to diversify its natural gas exports to the Asian countries and maintain its supplies to the European nations.”
GlobalData identifies Turkmenistan as the second largest country in the FSU in terms of gas processing capacity additions. The country is expected to add approximately 3.06 billion ft3/d by 2022 with a planned investment of roughly US$8.7 billion to be spent on the planned and announced terminals during the outlook period.
Uzbekistan will be the third largest country in terms of gas processing capacity additions by 2022. The country is expected to add around 2.42 billion ft3/d from three planned and announced gas processing plants by 2022. A new-build CAPEX of US$2.4 billion is expected to be spent by the country over the four year period.
The report also states that in terms of gas processing capacity among the upcoming gas processing plants, Galkynysh II in Turkmenistan, Chayandinskoye in Russia and Uzbekistan GCC in Uzbekistan will lead with 2.9 billion ft3/d, 2.03 billion ft3/d and 1.45 billion ft3/d, respectively.
In terms of new build CAPEX spending during the forecast period, Galkynysh II in Turkmenistan, Baltic II in Russia and Chayandinskoye in Russia will lead with US$7.8 billion, US$6 billion and US$5.6 billion, respectively.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09012019/russia-to-have-fsus-highest-gas-processing-capacity-additions-to-2022-says-globaldata/