Higher oil prices are expected to trigger fresh upstream investment in 2017 after the industry spent last year cutting costs, canceling projects and laying off staff, but they won't be enough to spur final investment decisions (FIDs) on many liquefaction projects. LNG developers remain focused on the intertwined goals of driving down construction costs and securing buyers, as lower capital costs would leave them better-placed to offer buyers more competitive terms and wring more flexibility from financiers (WGI Jan.4'17; WGI Dec.14'16).
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