Petrochemicals and gas processing/LNG sectors see largest increase in new projects.
According to Hydrocarbon Processing’s Construction Boxscore Database, nearly 450 downstream projects are under construction around the world.
Oil and gas professionals are well aware of the pressures companies face in the market.
According to Hydrocarbon Processing’s Construction Boxscore Database, Asia, the Middle East and the US contain 66% of all active downstream construction projects globally.
Over the past several years, new gas processing/LNG capacity has surged in nearly every region.
The production of liquefied natural gas (LNG) requires a number of stages to effectively purify the feed gas. These stages are essential to maintain continuous operation and to meet product specifications. Liquid and solid contamination issues are common in many feed gas purification operations and can cause severe problems with equipment fouling, leading to additional expenses in maintenance and equipment repair, reduced production capacity and even unscheduled shutdowns.
Over the past several years, new gas processing/LNG capacity has surged in nearly every region. Growth on both the supply and demand sides has resulted in the announcement of billions of dollars of capital investment around the world. Millions of tons of new LNG import and export capacity have begun operations, with hundreds of millions of tons still under development.
Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 1,700 projects around the world.
According to Hydrocarbon Processing’s Construction Boxscore Database, more than 870 new projects have been announced since 2015.
Hydrocarbon Processing’s Construction Boxscore Database is tracking more than 330 active gas processing/LNG projects around the world.