10 Jan 2019
Posted in Press Release
Romania will be the capacity growth engine for gas processing industry in Europe to 2022, says GlobalData
Romania will drive most of the growth in the gas processing industry in Europe between 2018 and 2022, contributing around 94% of Europe’s planned gas processing capacity, according to GlobalData, a leading data and analytics company.
The company’s report: ‘Gas Processing Industry Outlook in Europe to 2022 – Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Processing Plants‘ reveals that Europe is expected to add a total gas processing capacity of 15.8 million cubic feet per day (mmcfd) from two plants by 2022.
Romania is expected to add around 14.9 mmcfd of gas processing capacity from the Moftinu plant during the forecast period from a planned gas processing plant. Capital expenditure (capex) for this upcoming plant totals US$16.5m over the next four years.
Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: “Romania is one of the leading countries in Europe in terms of natural gas reserves. The new gas processing capacity will help the country to export natural gas and play a major role in the European natural gas market.”
GlobalData identifies Italy as the other country in Europe in terms of new gas processing capacity additions. The country is expected to add around 0.9 mmcfd by 2022. Italy has planned investment of US$1.9m to be spent on a planned terminal, Sant Alberto, during the 2018–2022 period.
Two more new-build gas processing plants, Petisovci in Slovenia and Baltic in Poland, are expected to start operations in Europe during the forecast period. The capacity details of the both the plants are presently not available.