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EPC cliff to halt LNG cost blowouts

THE EPC cliff Wood Mackenzie recently forecast for 2016 is forcing the service companies to absorb an extraordinary amount of risk as they scramble for the remaining contracts on offer &ndash; and this should ensure new projects and expansions such as PNG LNG's Train 3 don't suffer the kinds of cost blow-outs Australia's LNG projects have endured, the firm's lead WA analyst told <i>Energy News</i>.