Romania to drive European gas processing industry capacity growth to 2022, says GlobalData
Published by Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
Romania will drive most of the growth in the gas processing industry in Europe between 2018 and 2022, contributing around 94% of Europe’s planned gas processing capacity, according to GlobalData, a data and analytics company.
The company’s report, 'Gas Processing Industry Outlook in Europe to 2022 – Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Processing Plants’, reveals that Europe is expected to add a total gas processing capacity of 15.8 million ft3/d from two plants by 2022.
Romania is expected to add around 14.9 million ft3/d of gas processing capacity from the Moftinu plant during the forecast period. CAPEX for this upcoming plant totals US$16.5 million over the next four years.
Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: “Romania is one of the leading countries in Europe in terms of natural gas reserves. The new gas processing capacity will help the country to export natural gas and play a major role in the European natural gas market.”
GlobalData identifies Italy as the other country in Europe in terms of new gas processing capacity additions. The country is expected to add around 0.9 million ft3/d by 2022. Italy has planned investment of US$1.9 million to be spent on a planned terminal, Sant Alberto, during the 2018 – 2022 period.
Two more new-build gas processing plants, Petisovci in Slovenia and Baltic in Poland, are expected to start operations in Europe during the forecast period. The capacity details of the both the plants are presently not available.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/11012019/romania-to-drive-european-gas-processing-industry-capacity-growth-to-2022-says-globaldata/
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