Shell pulls out of natural gas deal amid virus concerns
LAKE CHARLES, La. - Shell says it is pulling out of a multibillion-dollar deal to renovate a liquified natural gas terminal in Louisiana in order to preserve cash during the coronavirus pandemic. The Advocate reports the company's Dallas-based partner, Energy Transfer, will take over the Calcasieu Parish project but reduce its size. The move was also prompted by the drop in oil prices. The project has been granted an extension until December 2025 by the federal government. It is estimated to create up to 5,000 construction jobs and 200 permanent full-time jobs.
For copyright information, check with the distributor of this item, The Advocate.
Mexico reports more than 6,000 new coronavirus cases, a single-day record
39 more people test positive for the coronavirus in Willacy County
As students prepare to return to classrooms, PSJA ISD provides options
Court documents reveal disturbing new details in Vanessa Guillen case
As Valley hospitals reach capacity, facilities scramble to add medical personnel