EPC cliff to halt LNG cost blowouts

THE EPC cliff Wood Mackenzie recently forecast for 2016 is forcing the service companies to absorb an extraordinary amount of risk as they scramble for the remaining contracts on offer – and this should ensure new projects and expansions such as PNG LNG's Train 3 don't suffer the kinds of cost blow-outs Australia's LNG projects have endured, the firm's lead WA analyst told Energy News.

EPC cliff to halt LNG cost blowouts EPC cliff to halt LNG cost blowouts EPC cliff to halt LNG cost blowouts EPC cliff to halt LNG cost blowouts EPC cliff to halt LNG cost blowouts

This is good news for the slated LNG projects in east Africa, western Canada and the US, and even for expansions like ExxonMobil's third train at PNG LNG, on which the US super-major expected to make

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