Ann: Change in substantial holding, page-26

I think it is important to note:
1.) Those projects are all considerably more complicated than a pipeline
2.) To a large extent when the oil industry decided to build 4-5 major LNG projects in Australia at the same time as a massive capital spending boom in the mining industry (in a population wise small country with some quite stringent labour arrangements) it was entirely predictable that there would be competition for resources that would drive prices up. Service costs are falling dramatically in the oil industry and the raw inputs (like steel) are also coming down in cost. Not trying to underestimate the complexity of the task facing them but from a macro sense if a project is going to be delivered on time and on budget it is now.