London, United Kingdom (PressExposure) March 15, 2011 -- Increasing shale gas development in the US is likely to add more natural gas processing plants to North America. Dominion Resources, Inc., an integrated gas and electric holding company in the US, has recently entered into an agreement with PPG Industries to buy land at PPG's Natrium location to set up a 300 million cubic feet per day (MMcfd) natural gas processing plant as a part of its already announced Marcellus 404 Project. DCP Midstream LLC has signed a long-term gas gathering and processing contract with a joint venture comprising Pioneer Natural Resources Inc., Reliance Eagleford Upstream Holding LP and Newpek LLC operating in the Eagle Ford shale gas play. Additionally, DCP Midstream has in place a long-term gathering and processing agreement for 33,000 acres of Eagle Ford development in the Wilson and Karnes counties. Shale gas development will provide an impetus for setting up new natural gas processing plants in North America.
Liquefied natural Gas (LNG) liquefaction plants require dry, clean natural gas to produce LNG. Growth in liquefaction capacity in a country can act as a growth driver for its gas processing market. Currently, Kenai LNG is the only LNG liquefaction facility in North America. Two more planned LNG facilities - Sabine Pass LNG Liquefaction and Freeport Liquefaction Terminal in the US and one in Canada named Kitimat LNG - are expected to become operational by 2015. These planned LNG production facilities are also expected to provide boosts to the expansion of the gas processing market in North America.
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GlobalData's energy offering, "Gas Processing in North America - Market Analysis, Key Companies and Competitive Landscape" is the essential source for industry data and information relating to the gas processing market in North America. It provides asset-level information relating to active gas processing facilities in North America. The research also provides information on major companies operating in the North American gas processing market. Increasing production and demand for natural gas leads to complementary growth in demand in associated markets like gas processing. The gas processing market is affected by many factors including competition from other fuels, economic patterns and plant locations. The demand for natural gas has a huge impact on the gas processing market. As production of natural gas increases, there is a huge need to separate heavier hydrocarbons or NGLs (Natural Gas Liquids) from natural gas. Growth in gas processing market is directly proportional to the growth in the demand for natural gas. In North America, increasing production of natural gas due to contributions from unconventional sources will provide a boost to the gas processing market in the medium to long-term.
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