As PIBF Co-Chairman, I am proud to announce an accrual increase for the Welders, Journeymen, and Helpers. The Journeymen rate increased from $205 to $220, and the Helpers increased from $136 to $146 per credit. Additionally, retired members will enjoy a five percent increase in their monthly amount. After the pension raises were calculated, the fund is still at 110.8 percent!
Tellurian Inc., through its subsidiaries Driftwood LNG LLC and Driftwood Pipeline LLC, has applied to the Federal Energy Regulatory Commission (FERC) to develop a pipeline to deliver gas to the Driftwood LNG facility near Lake Charles, Louisiana. The proposed 96-mile feed gas pipeline would deliver to the facility an annual average of 4 Bcfd of natural gas. The project, which expects to begin construction in 2018, includes 13 interconnects and requires the construction of three new compressor stations.
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