Price and Cost Risks Drive Race To Secure FID, FEED, and Contractors for Global LNG
Approximately $200 billion in projects worldwide are racing to be approved over the next 2 years. The race is not just to make FIDs on projects, but also to enter FEED work to lock in contractors before others do.
Total, ExxonMobil, Oil Search Sign Papua LNG Agreement
The gas agreement clears the way for the FEED phase; FID expected in 2020.
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