Gazprom is expected to lead new-build gas processing capacity additions in the global gas processing industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 13% to 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 US Leads Global Gas Processing Capacity Additions’, reveals that Gazprom is likely to have a new-build gas processing capacity of 10.5 billion cubic feet per day (bcfd) by 2023 from planned and approved projects.
Saudi Arabian Oil Co will be the second-highest company globally in terms of new-build gas processing capacity additions with 7.8 bcfd by 2023. The Tanajib plant in Saudi Arabia is the largest planned gas processing plant in the company’s portfolio.
