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Gazprom leads capex across oil and gas value chain in the FSU

Gazprom, Rosneft and Novatek are the top spenders among all oil and gas companies in the Former Soviet Union (FSU).

Gazprom leads capex across oil and gas value chain in the FSU Gazprom leads capex across oil and gas value chain in the FSU


 

Moscow, November 8 - Neftegaz.RU. GlobalData’s latest report states that Gazprom, Rosneft and Novatek are the top spenders among all oil & gas companies in the Former Soviet Union (FSU), in terms of new build capital expenditure (capex) to be spent on planned and announced projects across the oil & gas value chain during 2018–2025. 

 

Gazprom tops the list with capex of $168.3 bln expected to be spent on 65 oil & gas projects in the FSU. Rosneft and Novatek follow, each with similar capex of $34.6 bln (41 projects) and $34.2 bln (8 projects), respectively.

 

 In the upstream sector, Gazprom leads among companies with capex of $39.8 bln to be spent on 17 planned and announced production fields in the FSU. Rosneft follows next with $16.9 bln spent on 19 fields and Novatek will be in the 3rd position with $8.5 bln to be spent on 5 fields.

 

 In the midstream sector, Gazprom leads the trunk pipelines, gas processing, liquefaction terminals, and gas storage segments with new build capex of $62.8 bln, $33.0 bln, $25.9 bln, and $2.6 bln respectively by 2025. In the LNG regasification segment, Alexela Energia leads with $308 mln, while in the liquids storage segment, Naftogaz of Ukraine leads with capex of $167 mln.

 

 On the downstream side, Rosneft is expected to lead with new build capex of $4.8 bln on the development of 2 crude oil refineries in the FSU by 2025. China National Chemical Corp and Geopars follow with capex of $2.3 bln and $2 bln, respectively.

 

 In the petrochemicals sector, Gazprom is expected to lead with capex of $3.7 bln to be spent on 4 upcoming petrochemical plants, followed by Rosneft with $3.3 bln expected to be spent on 8 new projects. Tianjin Bohai Chemical Industry is in third position with $2.6 bln expected to be spent on 4 upcoming projects. 

 

Source : Neftegaz.RU