Global LNG producers see cost risks looming over next wave of projects
If you don’t make your move now, you won’t make any move anymore. That’s an old sellers tactic to apply pressure to hesitant buyers. I have seen quite a number of such situations in small, every day matters as well as in big projects and in virtually all cases it was a good decision to do things when their time is here. New projects cannot trust in some superstar market like China to take their products with no questions asked. New LNG projects must start some real market development. Not angling for sovereign guarantees but rather building a market that will grow by itself. Like promoting LNG as a fuel.
Construction delays and cost blowouts could hit the next wave of liquefied natural gas (LNG) projects as there are a limited number of contractors able to handle the huge projects, three developers said on Wednesday.
