23 July 2026 Low-cost pioneers → Scale-up → CAPEX inflation → A new optimisation phase Over six decades, LNG plant CAPEX has traced an inverted U-curve. $140/tpa (1964) — small, simple first-generation LNG plants. $2,500/tpa (2016) — Australian megaprojects set the CAPEX record. $610/tpa (2026/27) — North Field East sets today's lowest publicly comparable benchmark for world-scale LNG plants. CAPEX evolution 🔹 1964–1983 | Low-cost pioneers Smaller trains, mature locations an

10 September 2026 Evolution: Oil → Gas → LNG → Power → Power for AI Key Points $1.8tn — contracted future business $700bn+ — planned CAPEX (2026) 17 GW — AI data-centre capacity delivery gap $1.8 Trillion — Contracted Future Business $678bn — Microsoft $638bn — Oracle $514bn — Google Cloud [1–3] $700+ Billion — Planned CAPEX in 2026 $200bn+ — Amazon $200bn — Alphabet $175bn — Microsoft $130–145bn — Meta [4] 85 GW — In Development (458 Facilities) 24 GW — fully secured 68 G

8 September 2026 LNG: Modular vs Stick-Built? Modular is favoured at remote sites with limited labour, infrastructure and supply access. Key Points CAPEX 🟢 ↓ Potential saving: 5–10% (1) Project Duration 🟢 ↓ Up to 20% shorter (2) Overall Plant Weight 🔴 ↑ 20% higher (3) Modular Advantages Site Construction Hours 🟢 ↓ Less on-site work Camp Cost 🟢 ↓ 41% lower (3) Fabrication-Yard Productivity 🟢 ↑ 25–30% higher (1) Fabrication Cost 🟢 ↓ 28% lower (3) Weather: Reduced site ex