GlobalData’s latest report, Top Oil and Gas Companies Planned Projects and Capital Expenditure Outlook in the FSU – Gazprom Leads Capex across Oil and Gas Value Chain states that Gazprom, Rosneft Oil Co, and Novatek are the top spenders among all oil and gas companies in the Former Soviet Union (FSU), in terms of new build capital expenditure (capex) to be spent on planned and announced projects across the oil and gas value chain during 2018–2025. Gazprom tops the list with capex of $168.3bn expected to be spent on 65 oil and gas projects in the FSU. Rosneft Oil Co and Novatek follow, each with similar capex of $34.6bn (41 projects) and $34.2bn (8 projects), respectively.

In the upstream sector, Gazprom leads among companies with capex of $39.8bn to be spent on 17 planned and announced production fields in the FSU. Rosneft Oil Co follows next with $16.9bn spent on 19 fields and Novatek will be in the third position with $8.5bn to be spent on five fields.

In the midstream sector, Gazprom leads the trunk pipelines, gas processing, liquefaction terminals, and gas storage segments with new build capex of $62.8bn, $33.0bn, $25.9 bn, and $2.6bn respectively by 2025. In the LNG regasification segment, Alexela Energia leads with $308m, while in the liquids storage segment, Naftogaz of Ukraine leads with capex of $167m.

Capex spending by key companies on planned and announced projects across oil and gas value chain in the FSU

Source: Upstream, Midstream, Downstream, and Petrochemicals Analytics, GlobalData Oil and Gas       © GlobalData

On the downstream side, Rosneft Oil Co is expected to lead with new build capex of $4.8bn on the development of two crude oil refineries in the FSU by 2025. China National Chemical Corp and Geopars follow with capex of $2.3bn and $2bn, respectively.

In the petrochemicals sector, Gazprom is expected to lead with capex of $3.7bn to be spent on four upcoming petrochemical plants, followed by Rosneft Oil Co with $3.3bn expected to be spent on eight new projects. Tianjin Bohai Chemical Industry Co is in third position with $2.6bn expected to be spent on four upcoming projects.

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