Alaska Gasline Development Corp (AGDC) 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).
This was revealed in a report by data and analytics company GlobalData which confirmed that AGDC tops the list with capex of US$37.3bn, followed by Canada Stewart Energy and NextDecade Corp with capex of US$30.3bn and US$28.4bn, 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$5.9bn by 2025. In the LNG liquefaction front, Canada Stewart Energy is expected to spend US$28.8bn on two upcoming liquefaction terminals.
GlobalData also revealed that TransCanada Corp leads both trunk pipelines and liquids storage segment with US$20.8bn and US$1.1bn by 2025, respectively. In the LNG regasification segment, Korea Gas Corp leads with US$1bn to be spent on an announced regasification terminal, by 2025. Magnum Gas Storage LLC leads the gas storage segment with estimated capex of US$0.35bn.
On the downstream side, Pacific Future Energy is expected to lead with estimated capex of US$14bn on the development of an announced refinery by 2023. Kitimat Clean Ltd and Pemex follow with capex of US$8.5bn and US$8.4bn, 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$8.3bn 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$6.8bn and Royal Dutch Shell with US$5bn.
