Europe is spending more on future gas pipeline extensions than any other region. As of 2023, gas pipelines under development had racked up a combined capital expenditure of an estimated 132.4 billion U.S. dollars. Overall, the total value of new gas pipeline capital costs worldwide stood at 723 billion U.S. dollars. As the number of financial institutions writing up oil and gas exit strategies is growing, long-term investments in fossil fuel infrastructure have come under scrutiny, increasing fears these investments may end up stranded in the not-too-far future.
Estimated capital expenditures for natural gas pipelines under development worldwide as of 2023, by region
(in billion U.S. dollars)
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Global Energy Monitor. (December 31, 2023). Estimated capital expenditures for natural gas pipelines under development worldwide as of 2023, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1131562/new-global-oil-and-gas-pipelines-capital-costs/
Global Energy Monitor. "Estimated capital expenditures for natural gas pipelines under development worldwide as of 2023, by region (in billion U.S. dollars)." Chart. December 31, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1131562/new-global-oil-and-gas-pipelines-capital-costs/
Global Energy Monitor. (2023). Estimated capital expenditures for natural gas pipelines under development worldwide as of 2023, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1131562/new-global-oil-and-gas-pipelines-capital-costs/
Global Energy Monitor. "Estimated Capital Expenditures for Natural Gas Pipelines under Development Worldwide as of 2023, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Dec 2023, https://www.statista.com/statistics/1131562/new-global-oil-and-gas-pipelines-capital-costs/
Global Energy Monitor, Estimated capital expenditures for natural gas pipelines under development worldwide as of 2023, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1131562/new-global-oil-and-gas-pipelines-capital-costs/ (last visited December 23, 2024)
Estimated capital expenditures for natural gas pipelines under development worldwide as of 2023, by region (in billion U.S. dollars) [Graph], Global Energy Monitor, December 31, 2023. [Online]. Available: https://www.statista.com/statistics/1131562/new-global-oil-and-gas-pipelines-capital-costs/
