LNG

Rising costs of building and equipping new US LNG plants will reduce the competitiveness of gas exports, LNG analysts at Poten & Partners predicted this week.

US projects have faced rising construction costs, with Venture Global's Plaquemines export plant under construction in Louisiana over budget by $2.3 bill, and Golden Pass LNG, a joint venture between Exxon Mobil and QatarEnergy, more than $2 bill over its original budget.

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