Venture Global LNG will begin building a $4.25 billion natural gas liquefaction plant and export terminal in Cameron Parish in the third quarter of 2016, government and company officials announced Wednesday.
The liquefaction plant is expected to begin operations in late 2019, according to a joint statement by Gov. Bobby Jindal and William Wicker, chief executive officer of Venture Global LNG. The facility will be capable of exporting 11.1 million tons of LNG per year.
Both Jindal and Wicker said the plant and terminal will be built on the Calcasieu Ship Channel at Calcasieu Pass. Both said the facilities will export LNG to customers worldwide.
It will take around 1,500 construction workers to build the plant, Wicker said, and Venture Global will hire 100 employees averaging annual salaries of $70,000 to run the plant and terminal.
Officials of the Louisiana Department of Economic Development estimated the new facilities also will generate an additional 326 indirect jobs.
Those same officials said Venture Global is expected to utilize Louisiana’s Quality Jobs and Industrial Tax Exemption programs as a reward for building the facilities in Cameron Parish.
The Quality Jobs program provides eligible companies a cash rebate of up to 6 percent of their payroll for up to a decade.
The Industrial Tax Exemption offers abatement of local property taxes for a decade on such new facilities.