Shell cites market conditions as its reason for withdrawing; Energy Transfer weighs options, including recruiting another equity partner or reducing the size of the project.
Pa. governor ordered all ‘non-life-sustaining businesses’ shut down.
Low prices for natural gas have discouraged customers for Permian Pass.
Familiar challenges remain, but growing export markets buoy the midstream.
Sempra Energy expects earnings of up to $450 million when all three of the project’s trains are running in 2021.
Pipeline moves light and heavy crudes to the Gulf Coast.