Ukraine Conflict Opens Doors for Europe's LNG, Other Energy Providers

June 17, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--As the conflict in Ukraine rages on, every industry across Europe is feeling the effects--and they're not always painful. Many big-ticket projects--especially in the economically impoverished areas of Eastern Europe--have been deferred indefinitely, if not cancelled. But energy producers in Western Europe are benefiting from the sky-high demand to replace Russia's energy supply to the continent.

Industrial Info's Global Market Intelligence (GMI) Project Database shows more than 620 projects worldwide, valued at more than US$155 billion, have been affected, for better or worse, by the conflict in Ukraine. More than half of that total was directed to the construction of new plants. More than US$33 billion worth have been placed on hold, with any eventual construction facing varying degrees of likelihood.

Eight of the 10 highest-valued projects to be placed on hold are in Russia, including three grassroot LNG plants--but many countries in Western Europe are seeing some of their highest-valued energy projects revived or accelerated.

Companies featured: Shell plc (NYSE:SHEL), Orsted A/S, GasTerra, Uniper AG, Enel SpA, STEAG GmbH, Gasunie, New Fortress Energy (NASDAQ:NFE), DS Smith plc and McCain Foods Limited.