Europe is expected to witness 494 projects commence operations during the period 2023-2027. Out of these, upstream projects would be 147, midstream would be the highest with 227 projects, with refinery and petrochemicals at 46 and 74, respectively.

In midstream, the trunk/transmission pipelines segment alone constitutes 47% of all projects, followed by underground gas storage (UGS) and liquefied natural gas (LNG) with 21% and 19%, respectively. Refinery and petrochemical projects constitute about 24% of all upcoming oil and gas projects in Europe from 2023-2027.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Newbuild projects dominate the upcoming projects landscape in Europe, constituting around 76% of the total projects across the value chain. The share of newbuild projects is especially high in the midstream sector, accounting for 55% of the total newbuild projects across the value chain. On the other hand, the upstream (fields) sector dominates expansion projects with 40%.

Oil and gas projects in Europe, projects by key countries, 2023-2027

oil and gas projects

In Europe, about 36% of the projects are in the construction and commissioning stages and are more likely to commence operations during the outlook period. About 37% of the projects are in the planning stages, and the rest have been approved or awaiting approval.

Among countries, the UK dominates the upcoming projects landscape in Europe, accounting for 19% of the total projects expected to start operations by 2027.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Further details of Europe projects can be found in GlobalData’s new report, ‘Europe Oil and Gas Projects Analytics and Forecast by Project Type, Sector, Countries, Development Stage, Capacity and Cost, 2023-2027’.