GlobalData’s latest report, Top Oil and Gas Companies Planned Projects and Capital Expenditure Outlook in Europe – Equinor Leads Capital Spending Across Oil and Gas Value Chain states that Equinor ASA tops the list with estimated capex of $12.4bn expected to be spent on 24 oil and gas projects in Europe. Gaz-System SA and Snam S.p.A. follow with $5.8bn (30 projects) and $5.6bn (25 projects), respectively.
In the upstream sector, Equinor ASA leads among companies in Europe with new build capex of $11.9bn to be spent on 21 planned and announced upstream projects. Petoro AS follows next with $3.8bn spent on seven projects, while Lundin Petroleum will be in third position with $3.7bn to be spent on three fields.
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In the midstream side, on oil and gas pipelines, Gaz-System SA is expected to lead in terms of capex spending with $5.1bn to bring 29 planned and announced projects online by 2025. In the gas processing segment, Grupa Lotos SA is at the forefront with $1bn to be spent on the Baltic gas processing plant in Poland.
Capex spending by key companies on planned and announced projects across oil and gas value chain in Europe
| Source: Upstream, Midstream, Downstream, and Petrochemicals Analytics, GlobalData Oil and Gas © GlobalData |
Falcione Energia S.R.L tops in new build regasification capex in Europe, with $0.7bn to be spent on an upcoming regasification terminal, Eagle Floating, in Albania.
In the gas storage segment, Snam S.p.A. leads with estimated capex of $2.5bn to be spent on 14 planned and announced gas storage terminals by 2025. H.E.S. International BV is in the forefront with capex of $0.7bn expected to be spent on an upcoming liquids storage terminal, Maasvlakte, in the Netherlands.
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By GlobalDataIn the petrochemical sector, Nippon Shokubai Co Ltd is expected to lead with estimated capex of $29m to be spent on a petrochemical plant in Belgium. Presently Europe has no new build capex for refineries during 2018–2025.
