The construction market in Europe is forecasted by GlobalData to decline by 2.8% in real terms in 2023, having grown by 1.1% in 2022. A key growth market will be the infrastructure market, with output rising by 0.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Europe’s five largest oil and gas construction projects that were initiated in Q1 2023, according to GlobalData’s construction projects database.
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1. Plock Olefin Complex Expansion
The project involves the expansion of the Olefins Complex at the Plock production plant in Masovian Voivodeship, Poland.
Construction work started in Q1 2023 and is expected to be completed in Q4 2025.
The project aims to use state-of-the-art technologies to ensure greater energy efficiency, including a 30% reduction of CO2 emissions per ton of the product and being implemented as part of the Petrochemical Development Program. Buy the profile here.
2. Murmansk LNG Terminal Transshipment Terminal
The project involves the construction of an LNG transshipment terminal with a production capacity of 19.8MPTA in the Murmansk region, Russia.
Construction work commenced in Q1 2023 and is expected to finish in Q4 2026.
The aim of the project is to meet the rising demand for liquefied natural gas in the country. Buy the profile here.
3. Trans Europa Natur Gas Pipeline Expansion (TENP)
The project involves the expansion of the Trans Europa Natur gas pipeline in Germany.
Construction work started in Q1 2023 and is forecast to complete in Q4 2028.
The project aims to achieve a flexible internal market across the EU in the interests of consumers and is intended to secure the future flow of energy between Baden-Württemberg, Switzerland and Italy.
4. West Macedonia Gas Pipeline
The project involves the construction of a 163km gas pipeline in the West Macedonia region, Greece.
Construction work commenced in Q1 2023 and is expected to be completed in Q2 2024.
The pipeline and its branches will cross the Central Regions (PE Imathias, Pella) and Western Macedonia (PE Kozani, Florina), starting from Trikala Imathias and ending in the heart of Kozani, and aims to secure the supply of natural gasses to new areas and ensuring possible access to new users (industrial, crafts, agricultural & household consumption) to the wider area. Buy the profile here.
5. Desteldonk to Opwijk Hydrogen Pipeline
The project involves the construction of a 44km hydrogen pipeline between Desteldonk, located in the province of East Flanders and Opwijk, located in the province of Flemish Brabant, Flanders region, Belgium.
Construction work started in Q1 2023 and is expected to be completed in Q4 2023.
The project aims to increase security of supply for Belgium and neighboring country’s in the context of modified gas flows. The pipeline is also the first concrete step in Fluxys’ ambition to accelerate the energy transition and it will be fully future-proof and will be immediately available for hydrogen transport as soon as the market is ready.
For more details on the latest construction projects, buy the profiles here.
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