Stephen Anderson, Daniel Walker and Andrew Jackson, Intertek, examine how to manage the quality risks associated with LNG construction projects.
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OVID-19 has had significant implications for construction projects and CAPEX programmes around the world. The pandemic has shown us how fragile our supply chains are and how quickly our well-laid plans can collapse. Project managers, contractors, subcontractors, labourers and suppliers have all been affected, resulting in capital project delays, loss of quality, lower efficiencies, and impacted costs.
One of the largest areas of global capital investment is the LNG market, which is emerging as the hottest sector in the energy industry. This includes soaring demand for US LNG as global trade routes are upended and some long-stalled US export projects come back on track. However, rising costs for materials and labour threaten to slow these projects, but are not likely to halt new construction. Wall Street analysts now expect HYDROCARBON 25
ENGINEERING
August 2022
