26 April 2024
Higher oil prices likely to increase LNG plant cost base: Fitch
Publication date: 29 September 2011
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LNG plants in the development or construction phase are likely to have higher cost bases than those currently in operation that were built during an era of cheaper oil, credit ratings agency Fitch said in a report released today. Higher crude prices are pushing up capital and operating costs, making new projects more reliant on sustained high oil prices to generate adequate returns.