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Cost Inflation Across LNG Value Chain: BP

LNG

The LNG sector is seeing cost inflation across the entire value chain according to Jonty Shepard at BP at the World LNG Summit. Cost inflation is seen in liquefaction, shipping and spending on decarbonization and reducing methane leaks.

  • There are also other taxes, such as EU ETS costs, resulting in additional cost for deliveries of LNG into Europe.
  • Efficiency gains across the business are currently smoothing out some of the cost increases and consumers are so far willing to pay higher prices.
  • The slopes in Asian LNG prices increasing to 13% of Brent from 10%.
  • The major uncertainty is “how much more customers can stomach” he said.
Energy BulletsCommodities
Energy BulletsCommodities

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