World Energy Outlook 2007

Table 1.9: Cumulative Investment in Energy-Supply Infrastructure
in the Reference Scenario, 2006-2030
($ billion in year-2006 dollars)
1
Coal Oil Gas Power Total
OECD 146 1 377 1 774 4 661 8 082
North America 78 1 023 1 291 2 246 4 669
Europe 35 247 315 1 728 2 417
Pacific 33 107 168 687 997
Transition economies 40 769 657 681 2 148
Russia 27 568 492 292 1 379
Developing countries 369 2 968 1 716 6 220 11 338
China 251 547 168 2 764 3 740
India 57 169 63 956 1 249
Other Asia 33 251 303 846 1 441
Middle East 0 1 074 430 406 1 911
Africa 19 494 460 484 1 461
Latin America 10 432 292 762 1 536
Inter-regional transport 41 246 82 0 369
World 597 5 360 4 229 11 562 21 936
Note: Regional totals include biofuels. Coal includes mining, processing, international ports and shipping.
supply chain to meet the fuel needs for power generation is taken into
account. More than half of the investment in the electricity industry is
needed for transmission and distribution networks and the rest for power
stations. Investment in the oil sector, mostly for upstream developments and
mainly to replace capacity that will become obsolete over the projection
period, amounts to $5.4 trillion, equal to one-quarter of total energy
investment. Investment totals $4.2 trillion in the gas sector and $600
billion in the coal industry. Investment in bio-refineries is projected to total
$188 billion, most of which will occur in OECD Europe, Latin America and
OECD North America.
About half of global energy investment goes to developing countries, where
demand and production increases most (Figure 1.13). China alone needs to
invest about $3.7 trillion – 17% of the world total and more than all other
developing Asian countries put together. India’s investment needs are more
than $1.2 trillion, most of it – as in developing countries generally – in the
power sector. The Middle East will require about $1.9 trillion, of which
about 60% is for upstream oil and gas projects. OECD countries will
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