Live Oak to open LNG plant on Calcasieu Ship Channel
Insulators International Staff — Wed, Feb 4, 2015 @ 12:02 PM
The $2 billion plant will be located on the Calcasieu Ship Channel and will create 100 direct jobs and 385 indirect jobs, the governor said. The permanent jobs will pay an average salary of about $75,000. About 1,000 construction workers will be hired.
"This investment by Live Oak LNG is a welcome addition to the wealth of major industrial projects in Southwest Louisiana that are capitalizing on our state's energy infrastructure and our outstanding, skilled workforce," Jindal said in an issued statement. "The global demand for affordable, American-produced liquefied natural gas is on the rise, and Calcasieu Parish is ideally situated to serve that market with its deepwater ports and access to natural gas supplies."
Live Oak LNG is a subsidiary of Houston-based Parallax Energy, launched last year to develop global LNG projects and a natural gas supply and trading business. The project will be located on the west side of the Calcasieu Ship Channel on about 350 acres.
The plant will be designed for capacity of up to 5 million metric tons per year and will include two storage tanks capable of holding 130,000 cubic meters of liquefied natural gas, along with port facilities to accommodate standard-sized LNG carriers.
The announcement is the seventh since 2011 involving LNG projects. Louisiana Economic Development said others include:
July 19, 2011: Cheniere Energy announced it would build a natural gas liquefaction facility at Sabine Pass in Cameron Parish. The $18 billion project would position Cheniere to liquefy and export natural gas. New direct jobs: 400, New indirect jobs: 1,569.
May 3, 2012: Sempra Energy announced it would develop a $6 billion natural gas liquefaction export facility at its Cameron LNG import facility in Hackberry. New direct jobs; 140. New indirect jobs: 657.
Jan. 17, 2013: Magnolia LNG announced it would invest $2.2 billion to build a natural gas liquefaction production and export facility at the Port of Lake Charles. New direct jobs: 45. New indirect jobs: 175.
March 5, 2013: Shell announced it would invest $250 million in an LNG facility on the Mississippi River in Ascension Parish. New direct jobs: 13. New indirect jobs: 100.
March 12, 2013: Lockheed Martin announced it would invest $3 million at NASA's Michoud Assembly Facility in New Orleans to build LNG tanks for use in shipping. New direct jobs: 166. New indirect jobs: 236.
Oct. 31, 2013: BG Group and Energy Transfer Partners announced it would invest $9 billion on an LNG plant in Calcasieu Parish. New direct jobs: 250. New indirect jobs: 513.
Dec. 10, 2014: Venture Global LNG announced it would invest $4.25 billion on a new liquefaction procession complex and LNG export terminal on the Calcasieu Ship Channel at Cameron. New direct jobs: 100. New indirect jobs: 326.