GlobalData: Turkmenistans’s Galkynysh gas field to have highest daily gas processing capacity among new-build projects
The facilities of the II phase of development of Turkmenistan’s biggest gas field Galkynysh is among the complexes which will have highest gas processing capacities during the period 2018–2022, says GlobalData’s latest report, ‘Global Capacity and Capital Expenditure Outlook for Gas Processing Plants – Middle East to Add Highest Gas Processing Capacity’.
According to the report, global gas processing capacity is expected to grow by 13.5% between 2018 and 2022, from the current 531 billion cubic feet per day (14.8 billion cu m) in 2018 to approximately 603 bcfd (16.8 bcm) in 2022.
"Among all the new-build projects during the period, the Galkynysh II in Turkmenistan and Tanajib in Saudi Arabia will have the highest gas processing capacities, of 2,899 million cubic feet per day (80.62 mmcmd) and 2,698 mmcfd (75.03 mmcmd) respectively,” said Anna Belova, Senior Oil & Gas Analyst at GlobalData.
249 newly build (announced and projected) gas processing plants worth near US $140 billion are expected to be commissioned in the period of 2018-2022 all around the world.
The recent available estimates from independent auditors say the fourth largest natural gas field in the world, Galkynysh contains 27 trillion cubic meters of "blue fuel". During, phase I of development of this field, implemented jointly with foreign partners, in 2013 a complex of plants with a capacity of 30 billion cubic meters of commercial gas per year was put into operation.
Phase II started in 2014, providing for construction of facilities with production capacity of 30 billion cubic meters of marketable gas per year. In December 2015, the foundation of the III stage of industrial development of Galkynysh was laid along with the launch of the construction of the transnational gas pipeline TAPI.
Totally, all three phases are aimed at bringing production of tank gas to 95 billion cubic meters.
