made? To secure a contract, do sales calls get
made in Canada, Houston, or somewhere in Asia?
What is the timing of the spend? Will global procurement
practices and world-class best practices in areas such as
“modularization” leave room for BC content? And, will wage
inflation zap profit margins both for the project owners and
contractors?
Another challenge to those assessing an
investment in a Canadian LNG project is the
ongoing chess game around how LNG cargos
will be priced. LNG buyers are holding out for supply
contracts that break – or at least modify – the traditional
oil-indexed-linked contracts. Sellers