The total investment planned or under construction is 104.5 billion Euros. The breakdown is as follows:
- Pipelines: 52.2 billion Euros
- Gas power plants: 35.4 billion Euros
- LNG terminals: 16.9 billion Euros
Gas power plants
In Europe (EEA + UK), gas power plants are currently operating with a joint capacity of 182.8 Giga Watts (GW) of electricity. The currently planned and proposed plants have a joint capacity of 40.6 GW. This would be an addition of 22.2%.
In Europe (EEA + UK), LNG terminals are currently operating with a joint capacity of 212.7 billion cubic metres per year of gas imports. The currently planned and proposed plants have a joint capacity of 116 billion cubic metres per year. This would be an addition of 54.5%.
We do not have reliable data on the amount of existing pipelines. However, we do have the total length of proposed pipelines within EEA + UK: 12,844 km, worth an investment of 52.2 billion Euros.
Gas exploration and extraction
There are new projects underway. The one project currently under construction is the Dvalin Gas Field, which is expected to start projection still this year.
|Investments in Euro|
|New gas infrastructure projects planned or in construction.|
|Country||sum (million Euro)||pipelines (million Euro)||gas power plants (million Euro)||LNG terminals (million Euro)||investments per capita (in Euro)|
Pipeline data: all pipeline data relating to length and costs was taken from Global Energy Monitor (GEM)
LNG Terminal data: Industry associations’ data was used for existing, under-construction and planned terminals. We applied average costs per capacity per industry standard, with different costs for floating and land-based terminals.
Gas Power Plant data: We took GEM data and multiplied it with industry standard averages for installed capacity, depending on whether the plant in question uses combined cycle or open cycle technology.
Exploration and Extraction: Unfortunately no detailed quantitative data was available.
- Pipeline data (length and costs for planned and under-construction pipelines): Global Energy Monitor (NGO) report: ‘Gas at a Crossroads’ (pp 4, 11, 12).
- LNG Terminal capacity (existing and planned): Gas Infrastructure Europe version October 2019 (most up-to-date information available as of October 2020).
- LNG Terminal costs: International Gas Union ‘World LNG Report’ (pp. 53- 54). (Giving 129 USD per tonne per year (floating), 274 USD per tonne per year (land-based)). No comparable mention is made in the 2019 and 2020 reports. Inspired by Europe Gas Report Methodology Notes.
- Gas Power Plants (existing and planned capacity): Global Energy Monitor updated data per private communication from August 2020.
- Gas Power Plants costs: IEA World Energy Outlook 2019, 2017: Combined cycle: 1 million USD per MW capacity; based on IEA World Energy Outlook 2019. Open cycle: 500 000 USD per MW capacity; based on IEA World Energy Outlook 2017, because that was the most recent edition of that report that cited a cost for open-cycle gas power plants
- Assumed exchange value of the US Dollar: $1 = €0.9.
The production of this investigation was supported by a grant from the Investigative Journalism for Europe (IJ4EU) fund.