As in many domains, developers of China-based projects are the largest investors in offshore energy by a healthy margin, with over half of those capital expenditures directed toward wind generation capacity. Among the top 10 countries, only the UK nears having more power projects than oil and gas. With a forecasted growth rate of 15% in 2025, Chinese capital expenditures will expand the most in dollar terms, followed by Saudi Arabia and Poland. Saudi Arabia is set to achieve an exceptional growth rate of 22%, driven by expansions at the Marjan and Zuluf fields and the associated Tanajib gas plant, which will process 2.6 Bcf/d of natural gas.
In the…
