News // Russia
Russia leads with highest capacity additions in gas processing industry in Former Soviet Union to 2022
07 January 2019 , 13:00Neftegaz.RU294
Russia will account for 42% of the total capacity additions in the gas processing industry in the Former Soviet Union between 2018 and 2022, according to GlobalData.
The company’s report: «Gas Processing Industry Outlook in Former Soviet Union to 2022 – Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Processing Plants» reveals that the Former Soviet Union is expected to have 16 planned gas processing plants with a total processing capacity of 11,631.8 million cubic feet per day (mmcfd) by 2022.
Russia is expected to add the highest gas processing capacity of 4,893.0 mmcfd from seven planned and announced gas processing plants during the forecast period. The country is expected to have capital expenditure (capex) of $21.5 billion over the next 4 years.
Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: «Russia is ramping up its new-build gas processing capacity with an aim to diversify its natural gas exports to the Asian countries and maintain its supplies to the European nations.»
GlobalData identifies Turkmenistan as the 2nd largest country in the Former Soviet Union in terms of gas processing capacity additions. The country is expected to add around 3,063.8 mmcfd by 2022 with a planned investment of roughly $8.7 billion to be spent on the planned and announced terminals during the outlook period.
Uzbekistan will be the 3rd largest country in terms of gas processing capacity additions by 2022. The country is expected to add around 2,416.8 mmcfd from 3 planned and announced gas processing plants by 2022. A new-build capex of $2.4 billion is expected to be spent by the country over the 4 year period.
The report also states that in terms of gas processing capacity among the upcoming gas processing plants, Galkynysh II in Turkmenistan, Chayandinskoye in Russia and Uzbekistan GCC in Uzbekistan will lead with 2,899.5 mmcfd, 2,029.6 mmcfd and 1,450.3 mmcfd, respectively.
In terms of new build capex spending during the forecast period, Galkynysh II in Turkmenistan, Baltic II in Russia and Chayandinskoye in Russia will lead with $7.8 billion, $6 billion and $5.6 billion, respectively.
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