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ROYAL Dutch Shell, the world's biggest non-state producer of liquefied natural gas, said the jump in construction costs that had been delaying new supply projects was set to ease as engineering companies expanded. For the first time in at least two years, engineering contractors were starting to seek new work in LNG project design, Linda Cook, the executive director of Shell Gas & Power, said yesterday in an interview. Technology advances such as floating LNG plants would also help overcome cost hurdles, she said. Shell has a record six LNG production units under construction worldwide, including in Nigeria, Qatar and Russia, as it seeks to meet rising demand for cleaner fuels. In Australia it has stakes in the producing North West Shelf venture, the $10 billion-plus Gorgon LNG project, the Sunrise and Browse fields, and this year found gas near Inpex's Ichthys field.
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