The gas and LNG market is forecast to be the only sector within the oil and gas industry to see an increase in investment volumes. In 2024, gas and LNG investments are expected to rise to 171 billion U.S. dollars, up from 131 billion U.S. dollars in 2021. The forecast comes in light of an energy supply crisis in late 2021, largely due to a gas shortage. A recent decision by the European Union to classify some gas as clean energy within it's Fit for 55 green transition package further cements how some governments continue to rely on this fossil fuel type while also stepping up reductions of coal and oil usage.
Estimated oil and gas investments across the value chain and by type from 2019 to 2021, with a forecast until 2024
(in billion U.S. dollars)
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Statista. (January 11, 2022). Estimated oil and gas investments across the value chain and by type from 2019 to 2021, with a forecast until 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 28, 2022, from https://www.statista.com/statistics/1263326/global-oil-and-gas-investments-by-sector/
Statista. "Estimated oil and gas investments across the value chain and by type from 2019 to 2021, with a forecast until 2024 (in billion U.S. dollars)." Chart. January 11, 2022. Statista. Accessed June 28, 2022. https://www.statista.com/statistics/1263326/global-oil-and-gas-investments-by-sector/
Statista. (2022). Estimated oil and gas investments across the value chain and by type from 2019 to 2021, with a forecast until 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 28, 2022. https://www.statista.com/statistics/1263326/global-oil-and-gas-investments-by-sector/
Statista. "Estimated Oil and Gas Investments across The Value Chain and by Type from 2019 to 2021, with a Forecast until 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Jan 2022, https://www.statista.com/statistics/1263326/global-oil-and-gas-investments-by-sector/
Statista, Estimated oil and gas investments across the value chain and by type from 2019 to 2021, with a forecast until 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1263326/global-oil-and-gas-investments-by-sector/ (last visited June 28, 2022)
