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/
You might also like
Gordon Cope, Contributing Editor, reflects on happenings in Central and South America’s downstream oil and gas sector in 2022, and forecasts what lies ahead for the region.