U.S. to Contribute 24% of New-Build Capacity Growth to Global Gas Processing Industry by 2023
09.30.2019 - NEWS

September 30, 2019 [Tank News International] – The U.S. 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 percent of global gas processing capacity growth by 2023, according to GlobalData.

 
The company’s report, ‘Global Capacity and Capital Expenditure Outlook for Gas Processing Plants – The U.S. Leads Global Gas Processing Capacity Additions’, reveals that the U.S. is expected to have a new-build gas processing capacity of 16.9 billion cubic feet per day (bcfd) by 2023. Planned projects with identifiable development plans account for 53% of the new-build capacity or 9 bcfd and the remaining 7.9 bcfd is expected to come from early-stage announced projects.
 
Dipayan Chakraborty, Oil and Gas Analyst at GlobalData, says: “The U.S. 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 cubic feet per day (mmcfd). 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 bcfd 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 bcfd by 2023.
 
Saudi Arabia stands third with new-build gas processing capacity growth of 7.8 bcfd 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 bcfd by 2023.”

 
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