$1 billion contract awarded to build liquefied natural gas terminal

Construction of the $1 billion Golden Pass liquefied natural gas terminal near Sabine Pass is among myriad indicators of the region’s rebirth as a petrochemical superpower, Southeast Texas leaders said Tuesday.

“We’re almost getting into a second Spindletop,” declared Kathleen Jackson, a Golden Pass LNG spokeswoman, referring to the oil boom that kicked off the last century for Southeast Texas.

Golden Pass LNG on Tuesday announced it had awarded a $1 billion contract to Chicago Bridge and Iron Co. to build a LNG terminal near Sabine Pass.