Analysts wonder if the timing portends trouble for infrastructure projects by the oil and gas industry with the new administration.
President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon as his first day, according to a source familiar with his thinking.
An official says that the pipeline’s construction will not resume, even with permission from Denmark.
Driftwood will help meet soaring demand for LNG, says co-founder Souki.
US has threatened sanctions on companies involved in the project.
Project includes a processing plant and gathering system.
State Department report is expected to be issued later this week.
Revisions make it easier for projects to move forward but could be reversed by the incoming Biden administration.
Double E is one of several pipelines proposed to transport natural gas from the Permian Basin and is expected to enter service in 2021.