Economic Development News
Thursday, December 22 2016
Liquefied natural gas project to create 250 new direct jobs and result in 728 new indirect jobs
Belle Chasse, LA — Governor John Bel Edwards and Venture Global LNG executives Bob Pender and Mike Sabel announced the company will invest $8.5 billion to develop a natural gas liquefaction facility and LNG export terminal in Plaquemines Parish. Plaquemines LNG will be Venture Global’s second major natural gas liquefaction and export project in Louisiana, joining the $4.5 billion Calcasieu Pass project that was announced in Cameron Parish in December 2014 and is under development.
Plaquemines LNG will create 250 new direct jobs at an average annual salary of $70,000 per year, plus benefits. Louisiana Economic Development estimates that the project will result in an additional 728 new indirect jobs, for a total of more than 975 new jobs for Plaquemines Parish and the Southeast Region. The project also is expected to generate 2,200 construction jobs.