Venture Global to build $4 billion LNG export complex in Louisiana
A liquefied natural gas company plans to build a more than $4 billion processing complex and export terminal in southwestern Louisiana. The plans were announced Wednesday by Gov. Bobby Jindal’s office and Venture Global LNG LLC.
The completed project at Calcasieu Pass is expected to result in 100 new long-term jobs for the area. Construction is expected to involve 1,500 workers.
The announcement said the company is expected to take advantage of Louisiana’s property tax exemption for new investment plus a program that provides tax rebates for companies that create jobs. The Louisiana Economic Development department began formal discussions about the project with Venture Global in 2013.
“Venture Global’s investment in Louisiana is the latest in a long list of projects here in Southwest Louisiana that showcase our state’s energy infrastructure and our outstanding skilled workforce,” Jindal said in the news release.
Construction is expected to begin at the 203-acre site in the third quarter of 2016. The liquefaction complex is expected to be operating by late 2019.
“The Venture Global LNG export facility puts Cameron Parish at the forefront of liquefied natural gas trade,” said Stephen Broussard, West Cameron Port District director.
Venture Global said the Calcasieu Pass project will be regulated principally by the Federal Energy Regulatory Commission. The company’s website says FERC approval for construction to begin is expected by October of next year.