LNG project cost over-runs and delays ahead
Australia is currently home to seven huge projects (currently worth more than $US 172 billion) currently past FID and going well into construction. Already this year, the BG Group and Santos have over-run their costs by a few billion each.
The blame seems to fall on Australia’s strong dollar and rising labour compliance costs for the cost pressures as well as competition from nearby, and lower cost countries that is making Australia look less tasty with each day.
Join us at the LNG Outlook Australasia 2012 where we will be looking to tackle these challenges with an expert speaker line up from Australia and the world’s top LNG producers.
