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Good news for Lake Charles area - Commonwealth LNG moving forward in Cameron Parish

Posted on 8/15/23 at 9:31 am
Posted by goofball
Member since Mar 2015
16898 posts
Posted on 8/15/23 at 9:31 am
quote:

Commonwealth LNG closes on financing for Cameron facility

The Advocate

Commonwealth LNG said it has closed on investment funding for a $4 billion liquefied natural gas export terminal it plans to build in Cameron Parish, a move that makes the company closer to reaching a final investment decision on the plant.

The deal with Kimmeridge Energy Management Company also calls for the New York-based private equity firm to take 2 million tons of LNG annually for a 20 year period. Kimmeridge may also provide more financing to Commonwealth to cover construction of the terminal.


This will help keep Louisiana's edge as an LNG hub; which will also help keep us competitive in both upstream production, pipeline infrastructure, and with anything that requires LNG for energy.

And while I live in the Baton Rouge area; I'm rooting for Lake Charles's resurgence. I'm still very angry at the lack of attention or support that area got after the 2020 hurricanes.
This post was edited on 8/15/23 at 9:33 am
Posted by notiger1997
Metairie
Member since May 2009
58271 posts
Posted on 8/15/23 at 9:33 am to


I like good news like this for the state, especially in LC.
Posted by LSUfanNkaty
LC, Louisiana
Member since Jan 2015
11129 posts
Posted on 8/15/23 at 9:36 am to
quote:

And while I live in the Baton Rouge area; I'm rooting for Lake Charles's resurgence. I'm still very angry at the lack of attention or support that area got after the 2020 hurricanes.



Thank you, brotha!



Posted by SulphursFinest
Lafayette
Member since Jan 2015
8782 posts
Posted on 8/15/23 at 9:41 am to
RIP Tellurian
Posted by dewster
Chicago
Member since Aug 2006
25395 posts
Posted on 8/15/23 at 9:46 am to
quote:

And while I live in the Baton Rouge area; I'm rooting for Lake Charles's resurgence. I'm still very angry at the lack of attention or support that area got after the 2020 hurricanes.



SW Louisiana is good, friendly people. They deserve better than what they had to deal with.
Posted by Tiger Ike
SW Louisiana
Member since Aug 2013
1450 posts
Posted on 8/15/23 at 9:51 am to
quote:

And while I live in the Baton Rouge area; I'm rooting for Lake Charles's resurgence. I'm still very angry at the lack of attention or support that area got after the 2020 hurricanes


The wrong demographics were affected by the 2020 hurricanes for the national pundits to give a shite.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423441 posts
Posted on 8/15/23 at 9:52 am to
SWLA continues to save the economy of this state
Posted by rowbear1922
Lake Chuck, LA
Member since Oct 2008
15182 posts
Posted on 8/15/23 at 10:03 am to
Read about this yesterday. You will have 2 large LNG projects on both sides of the mouth of calcasieau pass going on simultaneously.

Idk where both projects will get enough craft nor where they will stay
Posted by Kingpenm3
Xanadu
Member since Aug 2011
8978 posts
Posted on 8/15/23 at 10:03 am to
quote:

LNG


Anyone have any info or maps of the current and planned pipelines across Louisiana? Here in Ragley we must watch 100 pipes a day roll up 171.

Posted by frequent flyer
USA
Member since Jul 2021
2994 posts
Posted on 8/15/23 at 10:03 am to
quote:

And while I live in the Baton Rouge area; I'm rooting for Lake Charles's resurgence. I'm still very angry at the lack of attention or support that area got after the 2020 hurricanes.



The industrial base of both of those towns are super impressive for their size. I know neither are the most impressive visually for people passing through. But the world needs places like Baton Rouge and Lake Charles (and Lafayette, New Iberia, Beaumont/Port Arthur, and New Orleans). They aren't perfect, but those are areas that still manufacture and produce things. Lots of dying midwestern towns wish they had just a fraction of those industrial jobs that are commonplace in south Louisiana.

I'm glad Lake Charles is recovering. Just wish it were quicker and that our government didn't just ignore them after Laura. Not sure how you can live through 2020-present and not be totally cynical about our government and leaders.
Posted by Prominentwon
LSU, McNeese St. Fan
Member since Jan 2005
93773 posts
Posted on 8/15/23 at 10:07 am to
They’re gonna be paying $160k to start for people.

But I just can’t bring myself to either move to Hackberry or drive an hour and a half in the middle of a swamp at 3am to get to work. I’d be falling asleep at the wheel and end up upside down in the refuge before I’d retire.
Posted by Swagga
504
Member since Dec 2009
16203 posts
Posted on 8/15/23 at 10:12 am to
quote:

And while I live in the Baton Rouge area; I'm rooting for Lake Charles's resurgence.



We need everyone across the state to root for each other when it comes to recruiting business. Doesnt matter if it’s lake Charles, Lafayette, New Orleans, or Monroe. We need it.

ETA: the industrial sector seems to be doing really well, especially in S. LA. That’s great.
This post was edited on 8/15/23 at 10:14 am
Posted by Brood211
Member since Jun 2012
1415 posts
Posted on 8/15/23 at 10:18 am to
So build export LNG and every other energy intensive industry in the US will lose competitiveness … double edged sword for job growth
Posted by JasonDBlaha
Woodlands, Texas
Member since Apr 2023
2408 posts
Posted on 8/15/23 at 10:38 am to
Nice. Now try finding young people there who actually want to work, aren’t on government assistance, and have enough brain cells to pass a drug test.
This post was edited on 8/15/23 at 10:44 am
Posted by Roberteaux
mandeville
Member since Sep 2009
5813 posts
Posted on 8/15/23 at 11:43 am to
I know many people want to shite all over Louisiana, but this is a win. Great news for the state and for that area
Posted by brtiger77
Member since Aug 2023
176 posts
Posted on 8/15/23 at 1:42 pm to
Man LNG is continuing to boom!
Posted by Jim Rockford
Member since May 2011
98343 posts
Posted on 8/15/23 at 2:47 pm to
That'll be good for three or four more travel ball teams.
Posted by CR4090
Member since Apr 2023
2305 posts
Posted on 8/15/23 at 3:53 pm to
I like the Lake Charles area. And not just for the gambling. Nice people.
Posted by Erdace
Member since Apr 2023
75 posts
Posted on 8/16/23 at 9:59 am to
If y'all hear about any turnarounds in the Lake Charles area, holler at me I got a couple more weeks at LA Pigment.

Would go to Golden Pass but do not like that bus schedule.
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