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Analysis of oil and gas companies’ CAPEX to 2025

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World Pipelines,

Alaska Gasline Development Corp is the top spender among all oil and gas companies in North America, in terms of new build capital expenditure (CAPEX) to be spent during 2018 - 2025, on planned and announced projects across midstream and downstream segments (including petrochemicals), according to leading data and analytics company GlobalData.

Analysis of oil and gas companies’ CAPEX to 2025

The company’s report: ‘Top Oil and Gas Companies Capital Expenditure Outlook for Midstream and Downstream Segments in North America – Alaska Gasline Development Corp Leads CAPEX among Companies in Region’ reveals that AGDC tops the list with CAPEX of US$37.3 billion followed by Canada Stewart Energy and NextDecade Corp with CAPEX of US$30.3 billion and US$28.4 billion, respectively.

Soorya Tejomoortula, Oil & Gas Analyst at GlobalData, comments: “AGDC has spread its new-build CAPEX for the development of two natural gas pipelines, one LNG liquefaction terminal, and one gas processing plant. This will further aid the company’s objective of developing infrastructure to move natural gas to local and international markets.”

On the midstream side, AGDC is expected to lead gas processing segment in terms of new-build CAPEX. The company is expected to spend US$5.9 billion by 2025. In the LNG liquefaction front, Canada Stewart Energy is expected to spend US$28.8 billion on two upcoming liquefaction terminals.

GlobalData identifies that TransCanada Corp leads both trunk pipelines and liquids storage segment with US$20.8 billion and US$1.1 billion by 2025, respectively. In the LNG regasification segment, Korea Gas Corp leads with US$1 billion to be spent on an announced regasification terminal, by 2025. Magnum Gas Storage LLC leads the gas storage segment with estimated CAPEX of US$0.35 billion.

On the downstream side, Pacific Future Energy is expected to lead with estimated capex of US$14 billion on the development of an announced refinery by 2023. Kitimat Clean Ltd and Pemex follow with CAPEX of US$8.5 billion and US$8.4 billion, expected to be spent on one refinery each, during the period 2018 - 2025.

In the petrochemical sector, Formosa Plastics Group is expected to lead with estimated CAPEX of US$8.3 billion to be spent on nine upcoming petrochemical plants during the period 2018 to 2025, followed by Badlands NGLS LLC Plc with estimated CAPEX of US$6.8 billion and Royal Dutch Shell with US$5 billion.

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