The number of new projects announced during the last quarter (Q1: Jan-Mar 2013) across the global energy supply chain has remained steady, with a marginal 1% increase compared to Q4 2012, but is down nearly 12% on Q1 2012, while the total potential investment value of US$266 billion is down just 5.3% on last quarter, according to the EIC Monitor quarterly report from the Energy Industries Council (EIC).

EIC Monitor tracks over 9,930 active and proposed 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.

Key highlights of Q1 2013 report (1 Jan-31 Mar 2013):

•Overall this quarter, there were 425 new projects announced across the global energy supply chain with an estimated total value of US$266 billion, compared to 421 in Q4 2012 totalling US$281 billion and 480 new projects in Q1 2012 worth US$373 billion.

•The upstream sector has seen an increase of 5% in the total potential investment value of new projects this quarter, rising to US$45.5 billion from US$43.4 billion last quarter, with a 6% decrease in the number of new project announcements since Q4 2012.

•In the midstream sector there has been a 9% increase in the number of new projects since Q4 2012 to 76 projects, with an 11% increase in the total potential investment value from US$47.2 billion in Q4 2012 to US$52.5 billion in Q1 2013.

Tags: EIC Monitor