01/11/2021 – Energy / Gas / Russia / Uzbekistan / Capacity / 2025 / Forecast / Global
Former Soviet Union to lead global working gas capacity additions by 2025
The Former Soviet Union (FSU) is expected to lead the global planned and announced working gas capacity additions, contributing approximately 34 per cent of the total global capacity additions by 2025, according to GlobalData.
The data firm’s new report reveals that the FSU is expected to witness the highest capacity additions globally from planned and announced projects during the outlook period 2021–2025 with 1.1 trillion cubic feet (tcf).
“Russia and Uzbekistan primarily drive working gas capacity additions in the FSU by 2025,” commented Bhargavi Gandham, Oil and Gas Analyst at GlobalData. “Both countries are building the underground gas storage sites to effectively meet domestic peak natural gas demand. The proposed projects also help them to increase gas exports as well through pipelines.”
Working gas capacity additions elsewhere
GlobalData identifies Europe as the second highest contributor to global working gas capacity additions, accounting for around 26 per cent of the total additions by 2025. The Deborah depleted oil and gas field in the UK drives the planned working capacity in the region with 174.5bcf by 2025. Eni SpA is the operator as well as 100 per cent equity holder of the project.
The Middle East ranks third globally, contributing roughly 18 peer cent of global working gas capacity additions during the outlook period. Tuz Golu II in Turkey drives the planned working gas capacity additions in that region with 148.3bcf by 2025.
Mines and Money Connect London 2023
Petrochemical and Refining Congress: Europe 2023
Abu Dhabi, UAE