According to the governor's office, the new project will create 148 new jobs and retain 77 existing jobs, with a total compensation and benefits package that will exceed an average of $100,000 a year. The new jobs will support another 589 indirect jobs in the area and 3,000 construction jobs will be created by the project at the peak of construction activity. Cheniere will build its new facility near the Louisiana-Texas border in Cameron Parish to handle the shipment of liquefied natural gas (LNG) from the company’s international LNG terminal.
Gov. Jindal said, “Cheniere Energy’s construction of one the country’s first liquefaction facilities at the Sabine Pass terminal in Cameron Parish is a huge win for our state. This multi-billion dollar investment will be one of the largest capital investments in the history of Louisiana, and build on our incredible record of job creation projects all across the state. Cheniere’s facility will grow our economy, increase natural gas production and become a major exchange in continuing to meet the demand for energy around the world.”
Cheniere Energy anticipates beginning construction of the facility in early 2012. Hiring of the new permanent jobs will begin in 2014 and the facility will commence operations in 2015. The final phase of the project is expected by the end of 2018.Adding liquefaction capabilities will transform the Sabine Pass terminal into a bi-directional facility capable of exporting LNG in addition to receiving LNG for regasification.
LED Secretary Stephen Moret said, “This project is a terrific example of the tremendous secondary economic benefits associated with the Haynesville Shale and other unconventional natural gas plays in our country. We expect to see even more massive capital investment projects associated with the Haynesville Shale announced in Louisiana over the next few years. The economic benefits of historically low, stable natural gas prices in Louisiana have only begun to be realized.”
Also Click here and Join: