July 2008

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HPIn LNG: Will LNG liquefaction project development prosper?

Since 1995, the volumes of liquefied natural gas (LNG) delivered have risen at a rate of over 7%/yr. Forecasts indicate that LNG deliveries will continue to grow at this rate over the foreseeable futu..

Phalen, T., Fluor Corp.

Since 1995, the volumes of liquefied natural gas (LNG) delivered have risen at a rate of over 7%/yr. Forecasts indicate that LNG deliveries will continue to grow at this rate over the foreseeable future and that LNG market pricing will continue to reach historic levels with recent quotes exceeding long term forecasts by 10%–20%. Consensus is that there will be a shortage of LNG supplies by 2014. Under normal conditions, announcements of new LNG liquefaction projects would follow, in response to these market forces. However, since the beginning of 2006, the only LNG train authorized has been the 4.2 million-tpy Pluto LNG train funded in July 2006. LNG projects continue to experience dela

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