Louisiana firm plans $11B LNG export facility in Cameron Parish
A Louisiana-based firm for which former Gov. Buddy Roemer is chairman says it expects to break ground on a new $11 billion liquefied natural gas export facility on the Calcasieu River Ship Channel in Cameron Parish in mid-2017. If all goes according to plan, the facility will come online for LNG exports in 2020, officials from G2 LNG LLC announced today.
The proposed facility is expected to export about 14 million metric tons of LNG annually to countries around the world, the company says in a news release.
Workers will break ground in mid-2017 on the new $11-billion G2 LNG facility.
“The G2 LNG project has several unique advantages that have led to advanced discussions with potential customers in Asia, Europe, India and the Caribbean,” Roemer says in a prepared statement.
The company has received permission from the U.S. Department of Energy to export LNG to Free Trade Agreement countries and is awaiting a decision in 2017 from DOE on its application to export to non-FTA countries.
The project is expected to create 3,500 construction jobs and 250 permanent jobs averaging $85,000 annually, company officials say, adding they are also working with state and local officials to bring on local vendors for the project.
“G2 LNG is a Louisiana-owned company and is dedicated to continue hiring Louisiana people to build and operate this facility,” Roemer says. “Our people have a long history and knowledge of the energy industry in this state, and we will use that know-how to make this project a great success.”
While the state is not providing the company an incentives package, Louisiana Economic Development Secretary Stephen Grissom says it is expected to benefit from the state’s Quality Jobs and Industrial Tax Exemption programs. The Quality Jobs program provides a cash rebate of up to 6% of the company’s payroll on new jobs created for 10 years. The industrial exemption offers a full abatement of local property taxes for a decade on new capital investment.