Thursday, 08 July 2021 11:54

Russia to contribute 23% of global new-build gas processing capacity growth by 2025, says GlobalData

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Russia is expected to drive new-build gas processing capacity growth in the global gas processing industry from planned and announced (new-build) projects between 2021 and 2025, contributing around 23% of global gas processing capacity growth by 2025, according to GlobalData, a leading data and analytics company.

The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Gas Processing Plants, 2021–2025 – Russia Continues to Underpin Global Gas Processing Capacity Growth’, reveals that the Russia is expected to witness a new-build gas processing capacity of 13.0 billion cubic feet per day (bcfd) by 2025. Planned projects that received approvals account for nearly the entire capacity growth in the country during the outlook period.

Nachiket Kaware, Oil and Gas Analyst at GlobalData, comments: “Russia is expected to add ten new-build gas processing plants during the outlook period. Of these, the Ust-Luga plant will have the highest capacity with 4.3 bcfd and is expected to start operations in 2024. Amur II will have second highest capacity of 2.7 bcfd and is set to begin operations in 2025. Both projects will help Russia to meet domestic demand and export gas as LNG and through pipelines.”

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GlobalData identifies the US as the second highest country globally in terms of gas processing capacity growth, adding a new-build gas processing capacity of 8.1 bcfd by 2025. Bighorn and Smithburg II-VI are the largest upcoming gas processing plants in the US, each with a capacity of 1 bcfd by 2025.

Saudi Arabia stands third with new-build gas processing capacity growth of 6.1 bcfd by 2025. Tanajib and Jafurah gas processing plants are the largest upcoming plants in Saudi Arabia, each with a capacity of 2.5 bcfd by 2025.

  • Quotes provided by Nachiket Kaware, Oil & Gas Analyst at GlobalData
  • Information based on GlobalData’s report: Global Capacity and Capital Expenditure Outlook for Gas Processing Plants, 2021–2025 – Russia Continues to Underpin Global Gas Processing Capacity Growth
  • Announced/Planned: Denotes only new-build assets that are in different stages of development and have not started commercial operations
  • A new-build project that has not received relevant/ required approvals to develop/build the project is considered as Announced
  • A new-build project that has received relevant/ required approvals is considered as Planned
  • This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.

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