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Norwegian LNG plant modernization project tripled in price (If you all remember how Norway conniving to blast #Nordstream):
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#Norway #LNG #Nordstream #EU #NATO #USA
Norwegian LNG plant modernization project tripled in price (If you all remember how Norway conniving to blast #Nordstream):
#Thread
#Norway #LNG #Nordstream #EU #NATO #USA
1. The project to upgrade Norway's Hammerfest LNG plant (involving conversion of compressors to electric drive, construction of a booster compressor station and creation of a CO2 disposal system) tripled in price to $3.5bn, operator Equinor said
2. In December, Equinor presented the project as Snohvit Future with a budget of NOK 13.2 billion and has now raised its estimate to NOK 37 billion. The project will require a plant shutdown for almost six months - for 170 days.
3. According to the oil company, the main reason for the increase in costs is the integration of the carbon capture and storage (CCS) project into the LNG plant. However, there are concerns that the cost is artificially inflated...!!!
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