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Story summary
- $2.1 billion will fund Texas GulfLink terminal from the U.S. government and Japan under an investment agreement.
- Sentinel Midstream will start building the hub 30 miles offshore Texas, targeting late 2028.
- Commerce Secretary Howard Lutnick and Sentinel CEO Jeff Ballard said the project will reinforce America’s energy lead, open markets, and boost allies' trade.
- Analysts note the Iran war and Strategic Petroleum Reserve releases raise U.S. export demand, prompting acceleration despite market risks.
