Equinor's Hammerfest LNG plant upgrade cost up 30% to $2.77 bln
The cost estimate for Equinor's project to cut CO2 emissions and extend the lifetime of Norway's Hammerfest LNG plant has risen to 26.5 billion Norwegian crowns ($2.77 billion) from 20 billion crowns in December, and compares to an original estimate of 13.2 billion crowns in 2022. The project is 60% complete.
OSLO, Oct 7 (Reuters) — The cost of Equinor's project to cut the carbon dioxide emissions from Norway's Hammerfest LNG plant and extend the facility's lifetime has risen by more than 30% since last December, the company said on Wednesday. 2 billion crowns in 2022 "The project is being carried out at an operating facility and is more complex than anticipated. net)