CAMERON, La. — A Louisiana-based company says it plans to build a massive facility along the Calcasieu River ship channel to export liquefied natural gas.
Baton Rouge-based G2 LNG LLC. announced on Monday that it plans to construct an $11 billion liquefied natural gas export facility on the ship channel in Cameron Parish. If built, it would be one of the largest capital investments in Louisiana’s history, according to the company.
Before construction can begin, though, the company needs approval for permits from federal agencies.
In July, the Department of Energy gave G2 LNG a license to export LNG to countries that have signed free trade agreements with the United States. But the company is waiting for approval to export LNG to other countries that have not signed free-trade agreements with the United States.
G2 LNG also needs approval for its project from the Federal Energy Regulatory Commission.
The company says the proposed facility would be able to export 14 million metric tons of LNG a year.
Former Louisiana Gov. Charles E. “Buddy” Roemer, the chairman of G2 LNG, says the company is in discussions with potential customers in Asia, Europe, India and the Caribbean.
“We plan to use advanced technologies in the design and operations of the facility,” Roemer said. He says G2 LNG will be able to “provide a long-term, stable, low cost supply of natural gas to global customers.”
The company also says the facility is expected to create more than 250 permanent jobs.
The company, which formed in June 2014, hopes to get federal agency approval and begin construction by in mid-2017.
Thomas Hudson, the president of G2 LNG, said the facility’s location would benefit from being 3 miles from the Gulf of Mexico and close to important long-distance natural gas pipelines.
This article was from The Associated Press and was legally licensed through the NewsCred publisher network.