GlobalData has reported that the US is expected to drive new-build gas processing capacity growth in the global gas processing industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 24% of global gas processing capacity growth by 2023.
The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Gas Processing Plants – The US Leads Global Gas Processing Capacity Additions’, reveals that the US is expected to have a new-build gas processing capacity of 16.9 billion ft3/d by 2023. Planned projects with identifiable development plans account for 53% of the new-build capacity or 9 billion ft3/d and the remaining 7.9 billion ft3/d is expected to come from early-stage announced projects.
Dipayan Chakraborty, Oil and Gas Analyst at GlobalData, says: “The US is expected to add 87 new-build gas processing plants during the outlook period. Of these, the Bighorn and Smithburg II-VI plants will have the highest capacities, each with 999 million ft3/d. The Bighorn plant is expected to start operations in 2020; Smithburg II-VI in 2022.”
GlobalData identifies Russia as the second highest country globally in terms of gas processing capacity growth, adding a new-build gas processing capacity of 13.1 billion ft3/d by 2023. The Ust-Luga plant is the largest upcoming gas processing plant in Russia with a new-build gas processing capacity of 4.3 billion ft3/d by 2023.
Saudi Arabia stands third with new-build gas processing capacity growth of 7.8 billion ft3/d by 2023. The Tanajib gas processing plant is the largest upcoming plant in Saudi Arabia with a new-build gas processing capacity of 2.8 billion ft3/d by 2023.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/23092019/us-to-contribute-24-of-global-new-build-gas-processing-capacity/
