The global gas processing capacity is expected to witness a 13% increase from 464.8 billion cubic feet a day (bcfd) in 2017 to 524.3bcfd in 2021, according to a report by GlobalData.
Titled ‘Global Capacity and Capital Expenditure Outlook for Gas Processing Plants – Africa to Experience Most Capacity Growth’, the report states that the Middle East will add the highest gas processing capacity of 21.9bcfd by 2021 through 34 planned projects. It is expected to be followed by North America adding 12.6bcfd through 86 projects.
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Since the previous report published in August 2016, 49 new gas processing plants were announced, 29 of which were announced in North America, seven in Asia, six in the Middle East, two each in Africa and the Former Soviet Union (FSU) and South America, and one announced in the Caribbean.
Planned processing plants with the highest capacities include the Amur plant in Russia with 4,058 million cubic feet a day (mmcfd), and Prudhoe Bay II in the US with 3,298mmcfd.
In terms of countries, the US is expected to add the highest planned capacity of 8.7bcfd through 56 projects, followed by Iran with 7.9bcfd through nine new-build projects. In terms of companies, National Iranian Oil Company (NIOC) is expected to witness the highest gas processing capacity addition of 4.9bcfd.
Expenditure on planned new-build gas processing plants is expected to reach $100.3bn during the forecast period. The Middle East and FSU regions are projected to have the highest capital expenditure (capex) of $27.7bn and $22.6bn respectively.
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By GlobalDataRussia and the US are forecast to be the highest capex spenders with $15bn and $12.9bn respectively, while Gazprom is expected to have the highest proposed capex for planned projects, at $12.4bn.
Two projects were cancelled globally since the previous report, namely the Gloucester plant in Oceania and Sullom Voe processing plant in Europe.
Furthermore, eight projects were stalled, six of which are in North America and one each in Europe and the Middle East.
