According to GlobalData, the US is expected to lead North America’s planned and announced gas processing capacity additions projects over the next 5 years, contributing approximately 65% of the regions gas processing additions by 2025.
The company’s latest report, ‘Gas Processing Industry Outlook in Europe, North America, and Former Soviet Union (FSU) to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Processing Plants’, reveals that the US is set to have a planned gas processing capacity of 3345 million ft3/d and an announced gas processing capacity of 4795 million ft3/d by 2025.
Teja Pappoppula, Oil and Gas Analyst at GlobalData, commented: “Bighorn and Smithburg II-VI are the two largest upcoming gas processing plants in the country with capacity of 1000 million ft3/d each. Both the gas processing plants are expected to start operations in 2024 with DCP Midstream LP for Bighorn and Sherwood Midstream LLC for Smithburg II-VI being the operators.”
Canada ranks second, in terms of gas processing capacity additions, with a planned and announced gas processing capacity of 4435 million ft3/d by 2025. Chetwynd will be the highest gas processing plant during the period 2021 to 2025, with a proposed gas processing capacity of 1500 million ft3/d. The announced gas processing plant is expected to start operations in 2024.
Teja concludes: “Mexico accounts for minuscule capacity additions in the region with 13 million ft3/d by 2025. The planned Hokchi Paraiso is the only upcoming gas processing plant in the country and is slated to begin operations in 2023.”