Europe, the Middle East and
Africa (EMEA) are expected to build the most new natural gas-processing
capacity over the coming years, increasing the overall region’s capacity by
10.1 tcf between 2013 and 2017, followed by the Americas and Asia-Pacific region.
The latest report states that in
the EMEA region, Iran and Saudi Arabia will account for the majority of the
planned capacity addition, with a share of 43%. Meanwhile, the Americas will
add 4.4 tcf of new natural gas-processing capacity, with the US having a share
of more than 80% of this capacity. Asia-Pacific will build 2.4 tcf of capacity,
of which Turkmenistan will contribute 635.4 billion cubic feet (bcf) by 2017,
reaching 27% of the region’s total planned capacity.
Among all the players worldwide
in natural gas processing, the National Iranian Gas Company (NIGC) operates the
most active capacity, reaching 7.9 tcf. Gazprom and Saudi Aramco have the
second and third highest capacities, at 7.7 tcf and 6 tcf, respectively.
Analyst of this report says: “In
the EMEA region, the Middle East will dominate the new capacity additions,
assuming Iran can overcome international sanctions placed on the oil and gas
industry. The contribution of European countries, except Russia, to building
new natural gas-processing capacity is very low, primarily because of slow gas
reserves growth and decreasing gas-production levels in the majority of the key
gas producing countries in Europe.”
As far as the American region,
the rapid increase in natural gas production from US shale has led to an
increase in the amount of natural gas-processing capacity additions.
Analyst continues: “While low
prices on ethane and propane do not sound good for producers, they have
provided an economic incentive for petrochemical firms to construct plants in
the US and/or to ramp up operations in the Americas in order to take advantage
of the lower-priced feedstock.
“With the current boom in shale
gas production expected to last at least another 40 years, it would be a
seemingly wise investment for petrochemical companies to continue processing
natural gas in this region,” the analyst concludes.
This report provides analysis of
the global gas-processing industry and its drivers and restraints. It compares
key operators in the world by active gas-processing capacity, by ownership in
terms of number of active gas-processing plants and by volume processed.
Regions covered include: the Americas, Europe, Middle East and Africa, and
Asia-Pacific.
For more information please
visit: http://www.marketresearchreports.com/globaldata/natural-gas-processing-outlook-2013-2017-most-capacity-growth-will-come-emea
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