Roundup: Gas storage project / Meta’s $852B spending plans / US jobless claims
Construction green-lighted: Federal regulators have authorized initial construction on Black Bayou Energy Hub’s planned $1.6 billion natural gas storage project in Cameron Parish, backed by energy trader Mercuria. The facility will connect to 10 interstate pipelines and store up to 44.4 billion cubic feet of gas to serve growing demand from LNG terminals, industrial facilities […] Federal regulators have approved the construction of a $1.6 billion natural gas storage project in Cameron Parish, Louisiana, backed by energy trader Mercuria. The facility will store up to 44.4 billion cubic feet of gas to meet growing demand from LNG terminals, industrial facilities, and power generators. The project is expected to create 23 direct jobs and over 1,000 temporary construction jobs. Meanwhile, Meta Platforms has disclosed about $825 billion in future spending commitments, largely focused on artificial intelligence computing power and infrastructure. The commitments include $355.7 billion in leases for data centers and energy infrastructure, $454.5 billion in noncancelable contracts, many involving cloud computing, energy and consumer hardware. The total is an increase from nearly $700 billion reported in July. However, jobless claims fell to 194,000 last week, marking the lowest level in three months.
Pubblicato : 2 giorni fa di Daily Report Staff in Business Finance Tech
Construction green-lighted: Federal regulators have authorized initial construction on Black Bayou Energy Hub’s planned $1.6 billion natural gas storage project in Cameron Parish, backed by energy tra... [1689 symbols]
Temi: Unemployment, Energy Sector
