In 1H 2022, new capital projects have declined 19% vs. 1H 2021.
New project market share down 19% 1H 2021 vs. 1H 2022
In 1H 2022, new capital projects have declined 19% vs. 1H 2021. Gulf Energy Information’s Global Energy Infrastructure (GEI) database tracked 108 new projects in 1H 2021. Conversely, new project announcements have fallen to below 90 in the first half of this year. In total, newly announced projects this year represent more than $90 B in capital investments.
Market share
At 40% market share, most new project announcements this year have been in the Asia-Pacific region (FIG. 1). This region is followed by the Middle East (16%) and Eastern Europe, Russia and the Commonwealth of Independent States (CIS) at 15%.
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