EIC Monitor quarterly report tracking new projects across the energy industry shows growth in the number of new project announcements across all sectors
London, 19 April 2012 : The global energy industry has seen encouraging signs of growth in the first quarter of 2012 according to the EIC Monitor. The EIC Monitor is a quarterly report from the EIC, the leading trade association for UK companies that supply goods and services to the energy industries worldwide.
EIC monitor reports newly announced projects across the global energy supply chain. The Q1 (January – March 2012) report reveals the number of new projects has increased across all sectors, and overall, is up 16% compared to Q4 2011. All sectors apart from the power generation and upstream sectors have seen an increase in their potential investment value, with the overall total of US$303 billion up 16% on Q4 2011 but down 21% on Q1 2011.
EIC Monitor tracks over 9,200 active and future projects 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.