The US LNG industry’s aspirations to become a global leader are facing a significant challenge – a surge in labor costs driven by a skilled worker shortage and strong wage growth. This is squeezing project budgets and threatening to delay or even derail some LNG developments.
Energy Industry
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Citgo’s Corpus Christi refinery, previously considered the least profitable, is now a hot ticket due to its location and potential for growth. The deadline for bids in the court-ordered auction is June 11th, 2024.
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Grееnpеacе criticizеs major oil and gas companiеs for using inadеquatе carbon offsеts to labеl thеir LNG as ‘carbon nеutral,’ calling it mislеading.