The estimated investment value of new projects announced during the last quarter (Q2: Apr-Jun 2013) across the global energy supply chain has risen significantly to US$342 billion, a 28% increase compared to Q1 2013, and a 23% increase on Q2 2012, while the total number of projects is down just 7% on last quarter, according to the EIC Monitor quarterly report from the Energy Industries Council (EIC).

EIC Monitor tracks nearly 10,000 projects proposed or under development in the global energy industry and provides a barometer, broken down into oil and gas (downstream, midstream, upstream), nuclear and conventional power, and the renewables sectors. Data is analysed by the number and value of new (both active and proposed) projects recorded by the EIC each quarter.

Key highlights of Q2 2013 report (1 Apr-30 Jun 2013):

•Overall this quarter, there were 386 new projects announced across the global energy supply chain with an estimated total value of US$342 billion, compared to 417 in Q1 2013 totalling US$267.5 billion and 401 new projects in Q2 2012 worth US$277.8 billion.

•The upstream sector has seen an increase of 3% in the total potential investment value of new projects this quarter, rising to US$48.8 billion from US$47.4 billion last quarter, with a 6% decrease in the number of new project announcements since Q1 2013.

• In the midstream sector there has been a 60% increase in the total potential investment value of new projects in Q2 2013 to US$88.3 billion, rising from US$55 billion in Q1 2013 with a 5% decrease in the number of new projects.

•In the downstream sector, the number of new projects has increased by 76% since Q1 2013, and the total potential investment value has increased an impressive 206% from US$34 billion in Q1 2013 to US$104.3 billion in Q2 2013.

•The renewables sector has seen a 44% increase in the total potential investment value of new projects, from US$43.1 billion in Q1 2013 to US$62.2 billion this quarter, with a 6% decrease in the number of new project announcements since Q1 2013.

•In the power sector, the number of new projects has decreased by 40% since Q1 2013, and the total potential investment value has decreased 56% from US$87.8 billion in Q1 2013 to US$38.5 billion in Q2 2013.

Tags: EIC Monitor