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.
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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.