Market Research Reports, Inc. has announced the addition of “Natural Gas-Processing Outlook 2013-2017 - Most Capacity Growth Will Come from the EMEA” research report to their offering.
Lewes, DE -- (SBWIRE) -- 01/02/2014 -- 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.
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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.
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