LNG liquefaction project developers hoping to reach final investment decision (FID) this year and next are facing immense pressure to drive down capital and operating costs to make their offers as competitive as possible. At a time when buyers remain cautious about signing up to long-term commitments, numerous projects are in a stampede to reach FID.
There has been much debate about the best choice of liquefaction process to minimise costs as the available options multiply. So, what are the key drivers in choosing one and how do they apply to major projects in the US, Canada and Russia?
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