According to Global Data, an analytics company, the US is expected to have a new-build gas processing capacity of 16.9 billion cubic feet per day (bcfd) by 2023, contributing to about 24% of the global processing capacity.
Specifically, in line with the ‘Global Capacity and Capital Expenditure Outlook for Gas Processing Plants – The US Leads Global Gas Processing Capacity Additions’ report, planned projects account for the 53% of the new-build capacity or 9 bcfd and the remaining 7.9 bcfd is expected to come from early-stage announced projects.
Russia will be the second highest country, on a global scale, concerning the gas capacity growth; Russia adds a new-build gas processing capacity of 13.1 bcfd by 2023. The Ust-Luga plant is the largest gas processing plant in Russia, with a capacity of 4.3 bcfd by 2023.
Also, Saudi Arabia comes third, with its new-build gas processing capacity growth of 7.8 bcfd by 2023. The Tanajib gas processing plant is the largest upcoming plant in Saudi Arabia with a new-build gas processing capacity of 2.8 bcfd by 2023.
Dipayan Chakraborty, Oil and Gas Analyst at GlobalData stated
The US is expected to add 87 new-build gas processing plants during the outlook period. Of these, the Bighorn and Smithburg II-VI plants will have the highest capacities, each with 999 million cubic feet per day (mmcfd). The Bighorn plant is expected to start operations in 2020; Smithburg II-VI in 2022.
