Global Capacity and Capital Expenditure Outlook for Gas Processing Plants, 2022 – 2026
The global gas processing capacity is 630.2 billion cubic feet per day (bcfd) in 2022. The capacity is expected to grow by around 7% during the forecast period. A total of 11 new projects have been announced globally and 149 new build (announced and planned) gas processing plants are expected to commence operations during the period 2022 to 2026. North America leads globally with 56 new build plants.
Overview of global capacity and capital expenditure for gas processing plants
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What are the key announced projects in the global gas processing market?
Some of the major gas processing plants that have been announced since June 2021 are Ar Ratawi II, Permian Midland, Town North, and Hythe II.
Ar Ratawi II
Ar Ratawi II is a fractionation-type gas processing plant to be set up in Iraq with a gas processing capacity of $600 million cubic feet per day (mmcfd). It has a proposed capex of $750 million and is expected to start operations in 2024. TotalEnergies SE is the operator as well as 100% equity owner of this project.
Permian Midland
Permian Midland is a dehydration-type gas processing facility proposed in the US. The 250 mmcfd capacity plant has a proposed capex of $340 million and is expected to start operations in 2022. Targa Resources Corp is the 100% equity owner and operator of this facility.
Town North
Town North is a dehydration-type gas processing plant proposed in Canada. The 205 mmcfd plant has a proposed capex of $270 million and is expected to start operations in 2025. Petronas Canada is the operator as well as 100% equity owner of this project.
Hythe II
Hythe II is a fractionation-type gas processing plant is proposed in Alberta, Canada. The 200 mmcfd plant has a proposed capex of $270 million and is expected to start operations in 2024. Veresen Midstream Limited Partnership is the operator.
What is the regional and country-level outlook in the global gas processing market?
The report offers an analysis of the global gas processing plants in North America, Middle East, Former Soviet Union, Europe, Africa, Asia, South America, Oceania, and the Caribbean. North America leads the total gas processing capacity, followed by the Middle East by 2026.
Gas processing market in North America
The US is expected to lead in terms of new build capex on planned and announced gas processing plants during the outlook period 2022–2026. The country is expected to spend around 74% of North America’s new build capex on planned and announced gas processing plants during the outlook period. Canada follows with a new build capex of more than $4 billion.
Gas processing market in the Middle East
United Arab Emirates is expected to lead with the highest new build capex on planned and announced gas processing plants in the Middle East. Saudi Arabia and Qatar follow with a new build capex of more than $5 billion and more than $4 billion respectively.
Gas processing market in Former Soviet Union
Russia is expected to spend around 57% of the FSU’s new build capex on planned and announced gas processing projects. Uzbekistan stands second, while Kazakhstan stands in third place.
Gas processing market in Europe
Italy is expected to spend a new build capex of $600 million on the planned gas processing plants followed by Romania and Slovenia.
Gas processing market in Africa
In the African region, Ethiopia leads with the highest new build capex on announced gas processing plants with $1.9 billion. Angola stands second followed by Egypt.
Gas processing market in Asia
In Asia, Malaysia tops the list in terms of new build capex on announced gas processing plants with $1.0 billion during the outlook period 2022-2026. Thailand stands second, followed by Vietnam.
Gas processing market in South America
Brazil leads with the highest new build capex on planned and announced gas processing plants while Argentina stands second.
Gas processing plants market in Oceania
Australia would be the only country to spend an estimated capex of $587 million on planned and announced gas processing plants. Waitsia, expected to start operations by 2022, accounts for most of the capex in the country during the outlook period.
On a country-wise basis, Russia leads with the highest planned and announced gas processing capacity additions followed by the US, Saudi Arabia, Canada, and Qatar.
Global gas processing market, by region
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What are the key facility type segments in the global gas processing market?
The key facility type segments in the global gas processing market are dehydration-type, fractionation-type, and sweetening-type. Novo-Portovskoye II to be operated by Gazprom Neft in Russia has the highest capacity among the dehydration-type processing plants. Ras Laffan-NFE to be operated by Qatargas Operating Co Ltd in Qatar has the highest capacity among the fractionation-type processing plants. Tanajib to be operated by Saudi Arabian Oil Co in Saudi Arabia has the highest capacity among the sweetening-type processing plants.
Global gas processing market, by segment
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Who are the major players in the global gas processing market?
The key players in the global gas processing market are Gazprom, Saudi Arabian Oil Co, QatarEnergy, National Iranian Oil Co, RusGazDobycha, Enbridge Inc, Sonatrach SpA, Royal Dutch Shell Plc, Wolf Midstream Inc, and United Chemical Company LLP.
Global gas processing market, by key players
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Market report scope
| Market capacity (2022) | 630.2 bcfd |
| Growth rate | >7% |
| Base year for estimation | 2022 |
| Forecast period | 2022-2026 |
| Key regions | North America, Middle East, Former Soviet Union, Europe, Africa, Asia, South America, Oceania, and the Caribbean |
| Segmentation by facility type | Dehydration-Type, Fractionation-Type, and Sweetening-Type |
| Key players | Gazprom, Saudi Arabian Oil Co, QatarEnergy, National Iranian Oil Co, RusGazDobycha, Enbridge Inc, Sonatrach SpA, Royal Dutch Shell Plc, Wolf Midstream Inc, and United Chemical Company LLP |
The report provides:
- Planned and announced gas processing capacity additions by key regions, countries, and companies
- Planned and announced capital expenditure outlook by key countries and companies globally
- Planned and announced capex of gas processing plants by region, key countries and companies
- Details of the major planned and announced gas processing plant capacities globally up to 2026
Reasons to Buy
- Obtain the most up to date information available on the gas processing plants globally
- Identify growth segments and opportunities in the global gas processing industry
- Facilitate decision making on the basis of outlook of gas processing capacity data
- Develop business strategies with the help of specific insights about gas processing plants globally
- Keep abreast of key planned and announced gas processing plants globally
- Assess your competitor’s planned and announced gas processing plants and capacities
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The global gas processing capacity is 630.2 billion cubic feet per day (bcfd) in 2022.
The global gas processing plants capacity is expected to grow by around 7% during the forecast period.
The key facility type segments in the global gas processing market are dehydration-type, fractionation-type, and sweetening-type.
The key players in the global gas processing market are Gazprom, Saudi Arabian Oil Co, QatarEnergy, National Iranian Oil Co, RusGazDobycha, Enbridge Inc, Sonatrach SpA, Royal Dutch Shell Plc, Wolf Midstream Inc, and United Chemical Company LLP.
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