Report: LNG Project Sanction Uptick in 2018

6 Dec 2017   LNG, Prices

There will be an uptick in the number and capacity of LNG projects sanctioned in 2018, according to a new report. There will be an uptick in the number and capacity of LNG projects sanctioned in 2018, as improving market conditions, tighter fiscal management and the need to invest to meet long term demand support final investment decisions. That is the view of BMI research, which made the statement in a new LNG project outlook report sent to Rigzone. “Given the delay to a number of projects over the last two years, there is now a backlog of developments that are close to FID [final investment decision] and are awaiting better energy market conditions to move ahead,” the report states. “Despite a weak outlook for LNG prices in 2018 and 2019…both strengthening oil prices and better fiscal management by companies will support capital allocation to enable final investment decisions…to […]

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