Posted on Jul 27, 2007 in
Canada & Mexico,
Financing,
Regas Terminals & Capacity |
Comments Off on Petro-Canada Faces Large Increase in Cost Estimates for Gros Cacouna LNG Terminal
The Financial Post (Canada) reports that construction of the Gros Cacouna LNG terminal will be delayed for a minor redesign in order to bring down construction costs. Ron Brenneman, president and chief executive of Petro-Canada, said, “That cost has gone up like any other LNG project in North America, so we’re now looking at numbers more in the $1-billion range.”...