The energy infrastructure company Tallgrass Energy Partners is canceling a $2.5 billion oil export terminal and pipeline project in Plaquemines Parish, citing climate, economic and cultural concerns, reports NOLA.com.
The Kansas-based company said in a press release that it is “withdrawing the current air permit application” for the site and is considering alternative commercial development options.
Plaquemines Port executive director Sandy Sanders says market changes likely helped to finalize Tallgrass Energy’s announcement. Just two weeks ago, Phillips 66 decided to shutter its 2,400-acre oil refinery in the parish and convert it to a fuel terminal. Read the entire story.