The World’s Five Most Expensive Energy Projects

Energy is arguably a country’s most valuable resource. Without energy, industrial activity would cease to exist, and mass food production would not be able to feed the appetite of citizens. Thus, nations around the world are constantly investing billions of dollars into expansive energy projects, in order to meet the energy requirements of the economy. Over the past few decades, increased industrialisation has led to higher energy demands, and as a result energy projects have reached scales of mammoth proportions. This article outlines five of the most expensive energy projects currently underway in the world, which also demonstrates the enormous amount of energy that the world consumes.

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Australia Pacific LNG Energy Project: $37 Billion

As a nation, Australia leads the world with regards to the size and expense of its current energy projects. Australia Pacific LNG is one of three energy projects currently underway in the country ‘down under’. The combined funding for the energy projects amount to a staggering $120 billion. The Australia Pacific LNG is a green energy project that delivers coal seam gas (CSG) to liquefied natural gas (LNG), as a safer and cleaner energy alternative. Australia Pacific is already the largest CSG producer in the country and this energy project will increase its domestic gas delivery to residences and businesses throughout Queensland. The companies Origin, ConocoPhillips and Sinopec are the investors for this energy project.

Bovanenkovskoye Energy Project: $41 Billion

This isolated energy project is based on an arctic field situated on a peninsula that extends into the Kara Sea. The natural gas reserves that were discovered in Bovanenkovskoye are estimated to have a volume of an astonishing 173 trillion cubic feet, which is more than double that discovered at the US Marcellus Shale. The remote location of this energy project calls for extraordinary logistics. Gazprom is developing a 355 mile railroad to transport construction supplies and even lengthier pipelines are required to extract the gas, which will feed into Russia’s pipeline system.

Ichtyhs Energy Project: $43 Billion

This large energy project is the most expensive oil and gas development in the Northern Territory. It will have an initial capacity to deliver 8.4 million tonnes of LNG and 1.6 million tonnes of LPG every year. Gas from the Ichtys offshore fields will travel though a subsea pipeline over 885 km in length to the onshore processing plant. INPEX and Total are the primary energy project investors.

Gorgon Energy Project: $57 Billion

Australia’s largest energy project has some of the world’s major energy companies involved, namely Chevron, Exxon and Shell, and is also one of the largest natural gas projects in the world. The natural gas field is situated between 80 and 125 miles off the northwest coast of Australia and contains around 40 trillion cubic feet of natural gas.

Kashagan Energy Project: $116 Billion

The world’s largest energy project is situated in Kazakhastan and has several major energy companies involves, including the local KazMunayGas, Eni, Shell, Exxon, Total, ConocoPhillips and INPEX. The location is remote and the conditions are harsh, making it a challenging energy project. The field is located in the northern Caspian Sea, which is frozen for nearly six months of the year. The gas from this energy project will be transported by a series of rail lines, pipeline sand ships.

Penny Munroe is an avid writer in construction related news and tips. Articles include reviews on womens workwear to the latest in global construction news.

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