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.
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.
In 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.