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amounts of electricity aren’t needed Construction of a conventional power station would be complicated
482
in construction contracts awarded to First Nation groups along the route All of these things are lining up to show
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cost of Keystone XL’s rejection in 2016 and is taking a more cautious approach to managing risk since
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enough contracts to secure construction financing the company is bullish on its proposed 4 3 billion
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escalating construction and financing costs “It’s dramatically more expensive ” said Charif Souki who
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somewhere in Europe ” said gas specialist Ogan Kose a managing director at Accenture “However if every
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to avoid disrupting the local housing market during the estimated five year construction and commissioning
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terminal — and three nearing the end of construction — Freeport LNG in Texas Cameron in Louisiana and Elba
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and gas companies to speed up the construction of pipelines to move natural gas to homes and factories
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violent during its construction near the Standing Rock Sioux Reservation that straddles the North Dakota
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talking about another demand shock It’s like fighting the last battle ” Ed Morse managing director
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for construction to make a decision within 12 months Mitch Ingram Anadarko’s executive vice president for deep
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or pay terms and wider quantity tolerance in contracts as key components that will be necessary to manage
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as the project supplies about 9 of Japan s LNG imports Toru Matsui Mitsui s senior executive managing officer
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missing is the final investment decision along with an engineering procurement and construction contract
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glut are weighing on prices By 2020 projects now under construction are expected to add more than 100
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have managed to negotiate better terms This has led to indexation dropping from 14 to 15 percent of a
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it will close project financing “soon” on Plaquemines LNG a facility under construction outside New Orleans
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construction BP holds offtake commitments at both projects The deal could be extended for three years
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construction on the main portion of the project in mid 2017 allowing more gas to flow to markets along