- Costs at the Arrow LNG liquefaction project in Australia are expected to rise by up to 50% to around US$36 billion. Estimates have already shot up by 30% to 40% at the Shell and PetroChina-led export plan due to rising labour costs and the spending required to meet environmental regulations, Reuters reported. The price hike may delay the project.
- Indonesian state energy company Pertamina looks to be delaying setting up a floating storage and regasification unit in the Central-East Java region.
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Arrow LNG projects costs set to rise and Central-East Java FSRU looks set to be delayed.
4 May 2012 14:38 GMT
Updated
4 May 2012 14:38 GMT