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Bechtel-led construction of $13.6B Driftwood export terminal could be advanced by developer Tellurian's decision to sell large part of the site to an unnamed investor and lease it back for 40 years.
Contractor will begin full construction on Driftwood complex in Louisiana under a $15.5-billion fixed-price contract, but gas projects now are set for added federal scrutiny in a tighter FERC approval policy adopted Feb. 17 in a 3-2 vote.
The $1.4-billion expansion of the Phillips 66 natural gas liquids complex in Sweeny, Texas, transformed the facility into one of the nation’s largest NGL processing hubs and quadrupled the site’s capacity.
Sierra Club failed to make case that Permian Highway line poses a definitive threat of environmental harm, said Austin judge in rejecting restraining order.