Oxford Energy Podcast – LNG Plant Cost Reductions 2014–18
During this podcast David Ledesma discusses with Brian Songhurst the key aspects covered in Brian’s recent paper ‘LNG Plant Cost Reduction 2014-2018’. The discussion opens with the reasons for the paper and an overview of how costs have fallen since the highs of the Australian projects to ensure LNG remains a competitive fuel. The challenges faced in preparing the paper are discussed including the separation of upstream and liquefaction costs. Scope and location cost drivers were explored including how costs may look going forward. Trends in project execution strategy and enabling new technology were reviewed that may reduce costs further or as a minimum keep the costs down and avoid a ‘boom and bust’ cycle.