Materials prices have shot up 20% in the past two years while gas compressors are 30% costlier, construction and energy experts said. Metals required for LNG projects are in short supply due to Russia's invasion of Ukraine and could add another 10% to costs.
By Marcy de Luna HOUSTON, April 21 (Reuters) – Soaring demand for U.S. liquefied natural gas (LNG) as buyers steer clear of Russian fuel is putting some long-stalled U.S.export projects back on track..
Materials prices have shot up 20% in the past two years while gas compressors are 30% costlier, construction and energy experts said. Metals required for LNG projects are in short supply due to Russia's invasion of Ukraine and could add another 10% to costs.