25 Apr 2019
Posted in Energy
Russia will contribute 47% of Former Soviet Union’s new-build gas processing capacity growth by 2023
Russia will drive growth in Former Soviet Union’s (FSU) gas processing industry from planned and announced plants between 2019 and 2023, contributing around 6,531 mmcfd of the FSU’s total gas processing capacity additions, according to GlobalData, a leading data and analytics company.
The company’s report: ‘Gas Processing Industry Outlook in Former Soviet Union to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Processing Plants’ reveals that FSU is expected to witness start of operations of 18 planned and announced gas processing plants, with a total processing capacity of 13,993 million cubic feet per day (mmcfd) by 2023.
Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: “Russia is expanding its gas processing capacity to meet the growing demand of natural gas from the Asian and European countries. The country aims to remain one of the largest exporters of natural gas in the world.”
GlobalData identifies Turkmenistan as the second largest country in FSU in terms of gas processing capacity additions. The country is expected to witness start of operations of four planned and announced gas processing plants with a total processing capacity of 3,623 mmcfd during the period 2019–2023.
Uzbekistan will be the third largest country in FSU in terms of gas processing capacity additions by 2023. The country is expected to add about 2,224 mmcfd from three planned and announced gas processing plants by 2023.
In terms of gas processing capacity, by upcoming gas processing plants, Galkynysh II in Turkmenistan, Chayandinskoye in Russia and Uzbekistan GCC in Uzbekistan will lead with 2,899 mmcfd, 2,030 mmcfd and 1,450 mmcfd, respectively in FSU.