16 Jan 2013

10 most expensive energy projects in the world

Six out of these 10 most expensive energy projects in the world are located in Australia! Run by foreign companies...

Our growing thirst for energy means today's projects dwarf most past endeavors. The Hoover Dam cost $49 million in 1936. Adjusted for inflation, that's only $825 million today.

1. Kashagan - $116 billion - Location: Kazakhstan - Companies: KazMunayGas, Eni, Shell, Exxon, Total, ConocoPhillips, INPEX

2. Gorgon - $ 57 billion - Location: Australia - Companies: Chevron, Exxon, Shell

3. Ichthys - $ 43 billion - Location: Australia - Companies: INPEX, Total  

4. Bovanenkovskoye  - $ 41 billion - Location: Russia - Companies: Gazprom  

5. Australia Pacific LNG -  $ 37 billion - Location: Australia - Companies: Origin, ConocoPhillips, Sinopec

6. Wheatstone - $ 35 billion - Location: Australia - Companies: Chevron, Apache, Tokyo Electic Power Compnay, Kuwait Foreign Petroleum Exploration Company, Royal Dutch Shell, Kyushu Electric Power Company

7. Queensland Curtin LNG - $ 34 billion - Location: Australia - Companies: BG Group

8. Kearl - $ 33 billion - Location: Canada - Companies: Imperial Oil, Exxon Mobil  

9. GLNG - $ 30 billion - Location: Australia - Companies: Santos, Petronas, Total, Kogas  

10. Three Gorges Dam - $ 28 billion - Location: China

Read article on CNN Money with photos of the projects.

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