New neighbours

Despite all the rhetoric about low oil prices delaying and deferring projects, it looks like we have some new neighbours with VEnture global lng looking to build a 10mtpa facility in lake charles.

cost looks to be $4 to $4.5bn which equates to 400-450/tonne - pretty decent economics.

does any know why their capex is so low without OSMR tech ?

this comment from them is interesting... "Venture Global LNG, Inc. and will be a long term, low cost producer of LNG by utilizing highly efficient, modular, mid-scale liquefaction technology. "

Makes me wonder how much of our low cost competitive advantage is drive by 'mid scale modularisation' versus 'OSMR'.... Thoughts anyone?

http://www.americanpress.com/news/local/Venture-global-LNG-plant

http://venturegloballng.com/