Gazprom to lead global gas processing capacity increases

The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Gas Processing Plants – The US Leads Global Gas Processing Capacity Additions’, reveals that Gazprom is likely to have a new-build gas processing capacity of 10.5 billion ft³/d by 2023 from planned and approved projects.

Dipayan Chakraborty, Oil and Gas Analyst at GlobalData, comments: “Gazprom is expected to be involved in five new-build gas processing plants during the outlook period. Among these, Ust-Luga in Russia is the largest gas processing plant in the company’s portfolio and is expected to start operations in 2023. Gazprom holds 50% share in this project.”

Saudi Arabian Oil Co will be the second-highest company globally in terms of new-build gas processing capacity additions with 7.8 billion ft³/d by 2023. The Tanajib plant in Saudi Arabia is the largest planned gas processing plant in the company’s portfolio.

Chakraborty concludes: “Some of the other major players in terms of global gas processing additions by 2023 include; Petroleos de Venezuela SA and RusGazDobycha, each with a capacity of 2.2 billion ft³/d.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/25092019/gazprom-to-lead-global-gas-processing-capacity-increases/