Here are the largest oil and gas construction projects initiated globally in Q2 2022, according to GlobalData’s construction projects database.
1. Vista Pacifico Liquified Natural Gas Plant – $2,000m
The project involves the construction of an LNG export terminal on 150ha in the Municipality Of Ahome, Topolobampo, Sinaloa, Mexico.
Construction work started in Q2 2022 and is expected to be completed in Q4 2025.
The objective of the project is to export to nations with which the US has free trade agreements (FTA). It aims to increase natural gas production in the Rockies region.
2. Centre of Excellence for Carbon Capture & Removal – $800m
The project involved the construction of a CCS plant to capture and store up to 2,000 tonnes of CO2 per day in Burnaby, British Columbia, Canada.
Construction work commenced in Q2 2022 and is expected to finish in Q3 2025.
The project will be Canada’s first commercial-scale carbon capture and removal manufacturing facilities, with filter modules capable of removing 10MTPA of carbon dioxide (CO2).
3. Alexandroupolis ILNG terminal – $436m
The project involves the construction of an offshore liquefied natural gas (LNG) terminal with a capacity of 5.5 billion m3 of natural gas per year and a storage capacity of 170,000m3 of LNG in Alexandroupolis, Greece.
Construction work started in Q2 2022 and is forecast to complete in Q1 2024.
The project aims to supply gas to southeastern Europe via a natural gas pipeline scheme that will cross through Greece, utilizing the Interconnector Greece-Bulgaria (IGB).
4. Paldiski LNG Terminal – $407m
The project involves the construction of an LNG terminal with a storage capacity of 160,000m3 in Tallinn, Estonia.
Construction work commenced in Q2 2022 and is expected to be completed in Q4 2024.
The proposed terminal is part of the initiative to develop the Balticconnector pipeline between Finland and Estonia along with terminals proposed on either side.
5. Northern Goldfields Interconnect Pipeline – $338m
NGI involves the construction of a 580km, 12-inch (304 mm) pipeline from Perth Basin to the Goldfields region in Western Australia.
Construction work started in Q2 2022 and is expected to be completed in Q1 2023.
The project aims to add capacity to the overall system and increase gas supply options for customers and also provide a new market for petroleum explorers and producers in the Perth Basin.
Methodology:This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Source: https://www.offshore-technology.com/marketdata/five-largest-oil-and-gas-construction-projects-q2-2022/