PSV Industries Blog

Weekly intelligence on the projects, trends, and market forces shaping American industrial construction, from LNG and petrochemical to data centers and beyond.

August 21, 2026 Weekly Intel

OpenAI, Nvidia and SB Energy Finalize 8 GW Ohio Data Center Deal with 105 Billion Dollar Nvidia Guarantee, JLL Reports 25 GW of North American Data Center Absorption in H1 2026 at 95 Percent Pre-Committed, Devon Energy and WhiteWater Reach FID on the 2.25 Bcf per Day Solitude Pipeline System, and Coastal Bend LNG Files with FERC on a 19.2 MTPA Texas Gulf Coast Export Terminal

OpenAI, Nvidia, and SoftBank owned SB Energy finalize a 20 year 8 gigawatt data center lease at the PORTS Pike Technology Campus in Pike County Ohio with Nvidia providing up to 105 billion dollars in credit support and SoftBank committing 4.2 billion dollars in new grid infrastructure through AEP Ohio. The Ohio site alone is projected to create 35,000 construction jobs through 2032 and 2,500 permanent operating jobs. JLL's Midyear 2026 report confirms North America absorbed 25 gigawatts of data center capacity in the first half of the year (double year over year, 5x two years prior), with 66 gigawatts under construction, 95 percent pre committed, and vacancy at 1 percent for the third consecutive year. Devon Energy and WhiteWater reach a positive final investment decision on the Solitude Pipeline System, two 48 inch pipelines moving Permian gas to Katy Texas at 2.25 Bcf per day in H2 2029 and a similarly sized second phase in 2030. Coastal Bend LNG submits a formal FERC pre filing request for a 19.2 million ton per year Texas Gulf Coast LNG export terminal comprising four 4.8 MTPA liquefaction trains, with a formal Section 3 application targeted for early 2027. The Bay Runner Twin pipeline is sanctioned to move 2.6 Bcf per day of Permian gas into NextDecade's Rio Grande LNG, and Aspen Midstream reaches FID on the Katy Hub at 3 Bcf per day into service in Q1 2027. Delfin Midstream continues advancing FLNG2 toward year end 2026 FID with a Siemens Energy long lead equipment award and a MidOcean 50 percent equity option. ENEOS Holdings continues advancing its 1.28 billion dollar TPC Group acquisition on track to close October 2026. Turner and Townsend finds 70 percent of global markets report tight or overstretched data center contractor capacity and 78 percent report broader labor shortages, with labor now the primary construction cost driver. Deloitte's 2026 Outlook projects 499,000 net new construction workers required in 2026 and warns of a potential 2 million skilled craft shortage by 2028 with 41 percent of the current workforce retiring by 2031.

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August 14, 2026 Weekly Intel

JLL Confirms 66 GW of North American Data Center Capacity Under Construction and BloombergNEF Revises 2030 US Forecast Up 52 Percent to 118 GW, Texas Directs ERCOT to Audit Every Data Center Interconnection Request as Requests Hit 474 GW, and ENEOS Holdings Agrees to Acquire TPC Group Houston Petrochemical Operations

JLL's Midyear 2026 North America Data Center Report confirms more than 66 gigawatts of data center capacity are already under construction across the continent, an electricity requirement greater than Germany. BloombergNEF revises its 2030 installed US data center capacity forecast upward by 52 percent to 118 gigawatts and its 2035 forecast up 83 percent to 194 gigawatts, driven by a 101 gigawatt expansion in the announced pipeline since December 2025 and 124 gigawatts of announced on-site gas plant capacity. Texas Governor Greg Abbott directs the PUCT and ERCOT to audit every data center advancing through the interconnection process, citing more than 474 gigawatts of requests (5x ERCOT's record peak demand, 90 percent from data centers). ENEOS Holdings agrees to acquire TPC Group's Houston Texas petrochemical operations and terminal operations in Port Neches Texas and Lake Charles Louisiana with regulatory approvals expected October 2026. QTS files plans for an 11-building 1 gigawatt Lancium Clean Campus in Hall County Texas at 10 billion dollars across 465 acres. Fermi Project Matador secures its first binding lease at 222 megawatts. Riot Platforms signs a 20-year 9.1 billion dollar 191 megawatt Anthropic lease. Circe Energy is developing a 1,950 acre behind-the-meter West Texas campus scaling from 10 megawatts to 2 gigawatts. AWS is expanding Hobart Indiana from 6 to 26 buildings and 2 gigawatts. Microsoft restarts the 869 megawatt Licking County Ohio buildout. Meta confirms the 5 gigawatt Hyperion expansion in Richland Parish Louisiana at up to 50 billion dollars and the 9.17 billion dollar Sturgeon County Alberta campus paired with the 932 megawatt Greenlight Electricity Centre gas plant. Cheniere reiterates first FID for the Sabine Pass expansion in late 2026 or early 2027. Phillips 66 guides refineries to operate in the mid 90 percent range of capacity in Q3 2026. AGC 2026 Outlook confirms 82 percent craft hiring difficulty and 33 percent immigration enforcement impact. ABC continues to project 349,000 net new workers needed in 2026 rising to 456,000 in 2027.

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August 7, 2026 Weekly Intel

MPLX Lifts 2026 Growth Capex to $2.9 Billion for Gulf Coast Fractionators and Permian Pipelines, Meta Commits Over $9 Billion for First Canadian 1 GW Data Center Campus in Alberta, and Saronic Announces $3 Billion Port Alpha Shipyard in Brownsville Texas

MPLX raises its 2026 growth capital outlook by $500 million to $2.9 billion, accelerating construction of two 150,000 barrel per day Gulf Coast fractionators near Marathon's Galveston Bay refinery, a 400,000 barrel per day LPG export terminal joint venture at the Port of Texas City, the 2.5 Bcf per day Blackcomb Pipeline from the Permian to Agua Dulce Texas commissioning in Q4 2026, the Harmon Creek III Marcellus processing complex now beginning operations, and additional Bay Runner, BANGL, and Titan Complex expansions in Texas. Meta commits over $9 billion to develop its first Canadian data center in Sturgeon County Alberta, a 1 gigawatt AI campus supporting 3,000 peak construction workers and more than 300 permanent positions. Saronic selects the Port of Brownsville Texas for a $3 billion Port Alpha shipyard on 835 initial acres with potential expansion to 4,400 acres, construction beginning in 2026 and operations by 2028. OpenAI unveils Project Camellia in Effingham County Georgia. Iron Mountain breaks ground on the 48 megawatt RCH-1 facility on its 66 acre Richmond Virginia campus. Google is revealed as the operator behind Wyoming's 2.7 gigawatt Project Tembo in Cheyenne. Core Scientific signs a 15 year AMD infrastructure agreement doubling its leased AI capacity to 1.1 gigawatts. Galaxy Digital acquires 500 acres in McGregor Texas for a 74 megawatt Project Merlin campus. CyrusOne pursues a $500 million 460,000 square foot Medina County Texas data center. ConstructConnect reports $22.3 billion of June data center construction starts across 23 projects with 116 year to date starts. Shell's CEO indicates LNG Canada Phase 2 FID is likely before end of 2026. Baker Hughes wins a major equipment and services award for Cheniere's Sabine Pass LNG expansion. BLS reports construction employment at a record 8.337 million in May 2026. ABC estimates 349,000 net new workers needed in 2026 rising to 456,000 in 2027 with 92 percent of construction firms reporting difficulty hiring.

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July 31, 2026 Weekly Intel

Brookfield and NextEra Launch $100 Billion Paducah Kentucky AI Campus at Former DOE Site, Meta and BlackRock Form $14 Billion El Paso Texas Venture, and Argent LNG Wins FTA Export Permit for 1.3 Tcf per Year From Port Fourchon

Brookfield Asset Management and NextEra Energy unveil a $100 billion AI data center campus at the former DOE Paducah Gaseous Diffusion Plant in western Kentucky, pairing 1.2 GW of compute with 2 GW of dedicated natural gas generation and up to 2.6 GW of battery storage, supporting approximately 8,000 peak construction jobs. Meta and BlackRock form a $14 billion venture to develop and operate a 1 GW data center campus in El Paso Texas with BlackRock funds taking 80 percent ownership backed by $12.5 billion of debt financing, 4,000 peak construction jobs, and 2,300 workers already on site, targeting 2028 operations. Argent LNG secures Department of Energy approval to export nearly 1.3 trillion cubic feet per year of LNG from its proposed Port Fourchon Louisiana terminal to FTA countries and targets FID within two years. NextDecade reports Rio Grande LNG Phase 1 construction ahead of schedule with first gas later this year, first LNG in H1 2027, and Train 6 FID targeted in H2 2027 backed by a $1 billion term loan and a $3.5 billion senior secured notes offering. AMD and Core Scientific commit $14 billion for 2.5 GW of dedicated compute. Applied Digital locks in $36.2 billion of long term AI data center leases. FirstEnergy discloses a 25 GW AI data center interconnect pipeline with 6.4 GW already under contract. AG and P Industrial breaks ground on an 85 hectare modular fabrication yard in Batangas targeting 80,000 metric tons per year of throughput. The AGC June state data continues to show Texas leading absolute construction employment gains at 24,800 and Louisiana leading percentage gains at 7.7 percent. And ABC estimates the industry needs 349,000 net new workers in 2026 with 92 percent of construction firms reporting difficulty finding workers.

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July 24, 2026 Weekly Intel

Hut 8 Beacon Point Second Lease Pushes Contract Value to $19.6 Billion With Jacobs EPCM, BlackRock Leads $12 Billion Financing for Meta Hyperion, and Yara Buys Gulf Coast Ammonia Texas City for $1.3 Billion

Hut 8 secures a second $9.8 billion, 15 year triple net lease at its Beacon Point AI data center campus in Nueces County Texas, taking total contract value at the site to $19.6 billion and confirming Jacobs Solutions as sole source EPCM contractor. BlackRock leads a $12 billion financing package for Meta's Hyperion supercluster in Richland Parish Louisiana, days after Meta escalated the campus plan to 5 GW and above $50 billion of investment. Yara International closes a $1.3 billion acquisition of the Gulf Coast Ammonia plant in Texas City, a 1.3 million ton per year facility. QTS and Lancium commit $10 billion for 11 data center buildings on 465 acres in Hall County Texas with a 1 GW grid connection. Crusoe and Lancium launch a 1 GW, 270 acre AI campus in Childress Texas. Stream Data Centers files Project Saltworks, a 15 building, $10 billion campus in Graham Texas. Coravel launches with a 140 MW hyperscaler deal across three Dallas Fort Worth facilities. Fluor is awarded FEED on a 1.2 million ton paraxylene and 0.5 million ton benzene aromatics facility in Bahrain. Cedar LNG receives British Columbia approval to raise capacity 25 percent. The June AGC state analysis shows Texas added the most construction jobs year over year at 24,800 and Louisiana posted the fastest percentage gain at 7.7 percent. And the equipment supply squeeze hardens with transformers at 3 to 5 year lead times, switchgear sold out through 2028, and generator step up units at 144 weeks on order.

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July 17, 2026 Weekly Intel

Meta Expands Hyperion Louisiana AI Campus to 5 GW and $50 Billion, Delfin Issues FLNG2 LNTP to Siemens Energy With MidOcean Taking Up to 50 Percent, and Glenfarne Closes $500 Million HPS Investment for Texas LNG

Meta officially escalates the Hyperion AI supercluster in Richland Parish Louisiana to 5 GW of compute capacity and over $50 billion of planned investment, making it the largest AI infrastructure project under development globally, with Prometheus, Meta's first AI campus, coming online in 2026. Delfin Midstream issues a Limited Notice to Proceed to Siemens Energy for four SGT-750 gas turbines and mixed refrigerant compressors on FLNG2 offshore Louisiana, and simultaneously executes a MidOcean Energy option for up to 50 percent equity, targeting year-end 2026 FID. Glenfarne closes a $500 million HPS Investment Partners financing round for Texas LNG at the Port of Brownsville, one of the final steps before FID with Kiewit already engaged. LNG Canada finalizes a Phase 2 equity option agreement with five First Nations conditional on year-end FID. Blackstone commits $5.34 billion to Williams behind the meter natural gas for data center power. Shell reaches FID on a Bahamas LNG regasification terminal. ExxonMobil targets Rovuma LNG $20 billion FID by September. And US construction employment reaches 8.331 million workers with 51 percent of contractors reporting rising backlog and 52 percent citing workforce as their top challenge.

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July 10, 2026 Weekly Intel

Anthropic Signs $19 Billion Lease at TeraWulf Hawesville Campus, Argent LNG Awards Engineering on 25 MMtpa Port Fourchon Terminal, and Commonwealth LNG Locks In Yokogawa on the $13.5 Billion Louisiana Buildout

Anthropic signs the largest AI infrastructure lease ever announced, a 20 year, $19 billion agreement with TeraWulf for the entire 401 MW Justified Data campus in Hawesville Kentucky, redeveloping a former Century Aluminum smelter with $3 to $4 billion of TeraWulf capex and full ramp by early 2028. Argent LNG awards engineering services to GIS Engineering for its proposed 25 MMtpa Port Fourchon export terminal in Lafourche Parish Louisiana, the largest single US LNG plan currently in permitting. Commonwealth LNG names Yokogawa as main automation contractor on the $13.5 billion Cameron Parish buildout with Technip Energies EPC mobilization confirmed. Glenfarne issues a Limited Notice to Proceed to Kiewit for the 4 MTPA Texas LNG project at Brownsville. XRG completes equity acquisition across Rio Grande LNG Trains 4 and 5. LNG Canada issues Phase 2 LNTP to Fluor and JGC. Williams advances toward a $5.5 billion Momentum Midstream acquisition. National Grid Ventures commits $1.75 billion for 35 percent of Joulent, anchoring Chevron's 2.67 GW Project Kilby power plant supplying Microsoft. And US construction adds 11,000 jobs in June with craft wages at $41.36 per hour and industry employment at 8.331 million workers.

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July 3, 2026 Weekly Intel

Delfin FLNG 1 Reaches FID as America's First Floating LNG Export Terminal, Cheniere Fires Up Corpus Christi Stage 3 Train 7, and Houston Leads the Nation With 12,100 Construction Jobs Added

Delfin Midstream reached formal final investment decision on FLNG 1, the first US floating LNG export vessel ever authorized under a deepwater port license, committing $5 billion of capital toward 4.4 MTPA of export capacity 40.8 miles offshore of Cameron Parish Louisiana with production targeted for 2030. Cheniere began commissioning Train 7 at Corpus Christi Stage 3, closing out a seven train buildout that puts the company on a 51 to 53 MTPA production run rate by year end 2026. QatarEnergy and ExxonMobil received FERC clearance to commission Golden Pass Train 2 at Sabine Pass. The Chevron and Microsoft Project Kilby power and compute deal was revised upward to $9 billion. Sempra's 42 inch Port Arthur Connector pipeline is in service at 2 Bcf per day. Williams is reportedly exploring a $5.5 billion M&A to expand its LNG pipeline reach. And Houston led the entire nation with 12,100 construction jobs added year over year, while national construction added 11,000 positions in June as broader hiring slowed to 57,000 net jobs.

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June 26, 2026 Weekly Intel

Microsoft and Chevron Lock $7 Billion Project Kilby Pecos Campus, Vantage Breaks Ground on $25 Billion Frontier Stargate Site, and Stonepeak Closes $2.5 Billion Louisiana LNG Bonds

Microsoft and Chevron sign a 20 year power agreement for Project Kilby, a 2.67 GW behind the meter natural gas plant in Pecos Texas serving a new 2 GW Microsoft AI campus with peak construction employment expected above 6,000 jobs. Vantage Data Centers breaks ground on the $25 billion, 1.4 GW Frontier Stargate campus in Shackelford County for Oracle and OpenAI, with more than 5,000 construction and operations roles and the first building due in second half 2026. Stonepeak closes $2.5 billion in private bonds tied to its 40 percent stake in the Woodside Louisiana LNG project at Lake Charles, where Train 1 foundation work is 22 percent complete. OpenAI and SoftBank commit $1 billion to SB Energy for the 1.2 GW Milam County Stargate site. Oracle closes in on a $38 billion debt package for Vantage developments in Texas and Wisconsin. The AGC confirms Texas led the nation with 18,700 construction jobs added year over year. And Dodge reports US construction starts up 13 percent year to date with manufacturing up 32 percent.

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June 19, 2026 Weekly Intel

Commonwealth LNG Closes $9.75 Billion FID, Hut 8 Locks $9.8 Billion Lease on Beacon Point Nueces County, and Samsung Heavy Signs $2.9 Billion Delfin Vessel Contract

Commonwealth LNG reaches a formal final investment decision and closes $9.75 billion in senior secured project financing for its 9.5 MTPA Cameron Parish export terminal, with first cargoes targeted for 2030 and offtake locked with EQT, Glencore, Mercuria, Petronas, and Aramco Trading. Hut 8 closes $4.25 billion in 6.129 percent senior secured notes and signs a 15 year, $9.8 billion triple net lease on Phase 1 of Beacon Point in Nueces County Texas, a 1 GW AI campus 30 miles from PSV's Corpus Christi Ingleside worksite. Samsung Heavy Industries signs a $2.9 billion main contract with Delfin Midstream for FLNG 1 in Washington DC, the first US offshore LNG award of its kind. Amazon advances Project Green in Missouri to $10 billion. And AGC reports 17,000 construction jobs added in May with nonresidential craft wages at $38.97 per hour.

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June 12, 2026 Weekly Intel

MUFG Closes $3.6 Billion Delfin FLNG 1 Financing, Applied Digital Signs $5.2 Billion AI Factory Lease, and Meta Commits $115 Million to Train the Data Center Workforce

MUFG closes $3.6 billion in senior secured non recourse project financing for Delfin Midstream's first floating LNG vessel, the largest single project financing in the FLNG sector to date. Applied Digital signs a 15 year, 210 MW take or pay lease at Delta Forge 2 worth $5.2 billion in base term contracted revenue, lifting its contracted portfolio to 1.4 GW and roughly $36 billion across five AI Factory campuses. Meta and Associated Builders and Contractors launch America's Workforce Academy, a $115 million program with guaranteed job placement training data center construction craft. ExxonMobil's Mozambique Rovuma LNG advances toward a Q3 2026 FID. And industry data confirms power transformer lead times now stretch three to four years, making shop based modular execution the only viable path on schedule sensitive industrial projects.

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June 5, 2026 Weekly Intel

Delfin Takes FID on the World's Largest FLNG, May Payrolls Beat at 172,000, and the WSJ Confirms 60 Percent of 2027 Data Center Capacity Is Not Yet in Construction

Delfin Midstream takes FID on Delfin FLNG 1, the first floating LNG vessel in the United States and the largest FLNG project in the world, with $5 billion committed and Samsung Heavy Industries plus Black and Veatch awarded the build. The May jobs report beats expectations at 172,000 with unemployment holding at 4.3 percent. JOLTS shows construction job openings at 259,000 in April, up 25 percent year over year. The Wall Street Journal and JPMorgan put a clean number on the data center execution gap at more than 60 percent of 2027 capacity still not under construction. CloudBurst breaks ground on 1.2 GW in Texas, Applied Digital plans $3.6 billion Delta Forge 1 in Louisiana, and Nvidia partners with IREN on 5 GW anchored at Sweetwater. Cheniere Corpus Christi posts a 33 percent first quarter LNG shipment surge as Stage 3 ramps. And the Gulf Coast holds $141 billion in active power and energy construction as hurricane season opens.

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May 29, 2026 Weekly Intel

CB&I Wins Commonwealth LNG Tanks Award, Kinder Morgan Trident Pipeline Hits Active Construction, and Hyperscaler 2026 Capex Tracks Toward $600 Billion

CB&I lands a lump sum award from Technip Energies for five 50,000 cubic meter full containment LNG storage tanks at the Caturus Commonwealth LNG facility in Cameron, Louisiana. Kinder Morgan moves its Trident Pipeline into active construction in Southeast Texas. Ksi Lisims LNG signs Canada's first long term European supply deal with Germany's SEFE for 1 MTPA over 20 years. Top five US hyperscalers project $600 billion in 2026 infrastructure spend, up 36 percent year over year, with US data center construction running at $45 billion monthly. MS Amlin warns that $670 billion in planned US data center builds sit in severe convective storm zones. And NABTU reframes the labor debate as a workforce planning crisis rather than a worker availability problem.

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May 22, 2026 Weekly Intel

Alaska LNG Phase One Clears Final Gas Supply Hurdle, NextEra to Acquire Dominion in $66.8 Billion AI Power Merger, and Houston Leads US Metros with 10,600 New Construction Jobs

Glenfarne Alaska LNG signs the final North Slope gas sales precedent agreement with ConocoPhillips, clearing the path to Phase One FID on the 20 MTPA project and the 739 mile pipeline that supports it. NextEra Energy announces a $66.8 billion all stock acquisition of Dominion Energy, the largest US utility merger in history, driven by 51 GW of contracted data center demand in Virginia. AGC reports Houston added 10,600 construction jobs over the year, the strongest US metro performance, with Baton Rouge up 10 percent. ABC pegs the national March construction unemployment rate at 6.7 percent. Energy Transfer quietly withdraws the air permit on its $1.8 billion Nederland ethane cracker. And AMECO opens a new Baton Rouge facility to expand Gulf Coast construction services.

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May 15, 2026 Weekly Intel

Commonwealth LNG Takes Final Investment Decision, Cheniere Raises Full Year Guidance, and TSMC Tops Out Its Third Arizona Fab

Caturus closes $9.75 billion in project financing and reaches FID on the 9.5 MTPA Commonwealth LNG facility in Cameron Parish, Louisiana. Cheniere raises 2026 EBITDA guidance to $7.25 to $7.75 billion on a record $5.87 billion Q1. Venture Global ships a record 130 cargos and closes $8.6 billion in CP2 Phase 2 financing. TSMC tops out its third Arizona fab and brings the second fab to pilot production six months ahead of schedule. Wood Mackenzie projects US data center electrical equipment demand to triple to $65 billion by 2030. And the AIA Architecture Billings Index posts its strongest reading since early 2023.

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May 8, 2026 Weekly Intel

ExxonMobil and Chevron Post Q1 Results, Marathon Books a $1.4B Refining Quarter, and Phillips 66 Expands Sweeny and Freeport Capacity

ExxonMobil delivers $4.2 billion in Q1 earnings on record Energy Products performance, with Golden Pass Train 1 online. Chevron posts $2.21 billion as Hess production flows in. Marathon Petroleum books a $1.4 billion R&M quarter and completes 40 percent of its 2026 turnarounds. Phillips 66 formalizes 23 percent and 15 percent capacity expansions at Sweeny and Freeport. Joliet $20 billion data center campus approved. And nonresidential building starts are up roughly 80 percent year over year.

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May 1, 2026 Weekly Intel

O'Leary's 9 GW Utah Data Center Approved, Valero Posts $1.3B Q1 Profit, and Megaprojects Surge 500% Year to Date

Kevin O'Leary's 9 gigawatt Stratos data center campus is approved in Utah. Valero swings to a $1.3 billion Q1 profit on a 56 percent refining margin surge. Cheniere brings Corpus Christi Stage 3 Train 3 to substantial completion. Commonwealth LNG launches financing at 63 percent contracted. Sightline Climate confirms only 5 of 16 gigawatts of announced 2026 data centers are actually under construction. And megaprojects are up over 500 percent year to date.

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April 24, 2026 Weekly Intel

Golden Pass Ships First Cargo to Italy, Commonwealth LNG Advances Toward FID, and Microsoft's Fairwater Opens in Wisconsin

Golden Pass LNG ships its historic first cargo on April 22, becoming the 10th U.S. export terminal. Technip Energies receives a substantial authorization on Commonwealth LNG ahead of FID. Microsoft's $3.3 billion Fairwater AI data center opens in Wisconsin. Gulf Coast refining margins hit their highest since 2022. And U.S. construction employment climbs to 8.33 million with 349,000 workers still needed.

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April 17, 2026 Weekly Intel

Golden Pass Nears First Export Cargo, U.S. LNG Capacity Set to Double, and Amazon Commits $25B to Mississippi

Golden Pass LNG approaches its first export cargo with feedgas at 434 mmcf/d. U.S. LNG capacity on track to nearly double to 28.7 Bcf/d by 2029. Amazon commits $25 billion to Mississippi data centers. Aligned breaks ground on a 540 MW Texas campus. And the Gulf Coast emerges as the center of a national fabrication renaissance.

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April 10, 2026 Weekly Intel

Golden Pass Produces First LNG, Commonwealth LNG Nears $12.5B FID, and Half of 2026 Data Centers Hit Delays

Golden Pass LNG achieves first production from Train 1 at Sabine Pass. Commonwealth LNG advances toward a $12.5 billion FID in Cameron Parish. Half of planned 2026 data centers face supply chain delays. Construction adds 26,000 jobs in March. And 165 new industrial projects top $8.6 billion.

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April 3, 2026 Weekly Intel

First Gulf Coast Refinery in 50 Years, Rio Grande LNG Expands, and 50% Steel Tariffs Reshape the Market

America First Refining announces a new refinery at Port of Brownsville. FERC clears Rio Grande LNG Trains 4 and 5. Steel tariffs at 50% drive a 7.1% surge in construction input prices. Joliet approves a 795 acre data center. And the Strait of Hormuz crisis accelerates U.S. LNG investment.

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March 27, 2026 Weekly Intel

Golden Pass Ramps Up, Venture Global Greenlights CP2 Phase 2, and a Record $25.2 Billion Month for Data Centers

Golden Pass LNG nears first production in Southeast Texas. Venture Global takes FID on CP2 Phase 2 in Louisiana. Data center starts hit $25.2 billion in a single month. And Texas stacks $142 billion in concurrent mega projects.

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March 20, 2026 Weekly Intel

Data Centers Overtake Offices, Plaquemines LNG Expands, and the Gulf Coast Gears Up for 2026

Data center construction spending surpasses office buildings for the first time. The DOE approves a 13% export increase at Plaquemines LNG. Houston anchors $15 billion in active projects. And the industry needs 456,000 new workers by 2027.

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