Soaring Costs Put New U.S. LNG Export Projects at Risk of Delays

Surging labor and construction costs are plaguing some major U.S. LNG export projects, threatening to delay new LNG supply to international markets.    Wage growth since 2021, a shortage of skilled workers, and rising costs of materials with the inflation over the past three years have increased overall contractor costs for U.S. LNG export projects, analysts tell Reuters. Wages for skilled workers have jumped by 20% since 2021, and in some cases contractors have had to pay a per diem rate to retain these workers, Travis Woods, president…