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Gazprom to lead global gas processing capacity additions by 2023

Gazprom to lead global gas processing capacity additions by 2023


Moscow, September 24 - Neftegaz.RU. Gazprom is expected to lead new-build gas processing capacity additions in the global gas processing industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 13% to global gas processing capacity growth by 2023, according to GlobalData.

The company’s report, ‘Global capacity and capex 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 cubic feet per day (bcfd) by 2023 from planned and approved projects.

Dipayan Chakraborty, Oil & Gas Analyst at GlobalData, comments: “Gazprom is expected to be involved in 5 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 2nd-highest company globally in terms of new-build gas processing capacity additions with 7.8 bcfd 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 and RusGazDobycha, each with a capacity of 2.2 bcfd.