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The Gas Processing market is a segment of the gas industry that focuses on the treatment of natural gas to remove impurities and separate it into its component parts. This process is necessary to make the gas suitable for use in various applications, such as power generation, transportation, and chemical production. The gas processing market is driven by the increasing demand for natural gas, as well as the need to meet stringent environmental regulations.
The gas processing market is divided into two main segments: upstream and downstream. Upstream gas processing involves the extraction of natural gas from the ground, while downstream gas processing involves the purification and separation of the gas into its component parts. The downstream segment is further divided into natural gas liquids (NGLs) and liquefied natural gas (LNG).
The gas processing market is highly competitive, with a number of major players operating in the space. Some of the key players in the market include Royal Dutch Shell, ExxonMobil, Chevron, BP, Total, and ConocoPhillips. Show Less Read more