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Message
re: Cameron Parish to receive $10 billion LNG export facility
Posted on 7/30/14 at 9:31 am to jennyjones
Posted on 7/30/14 at 9:31 am to jennyjones
That's what is so impressive about this to me.....it's one of many huge projects going on in SoLa that will have a positive impact the state for decades.
I thought we were doing well up here with manufacturing expansion in my state with Mitsubishi Electric, Electrolux, and VW. It's a drop in the bucket compared to what Louisiana has coming. Impressive.
SW Louisiana and the whole area between Baton Rouge and New Orleans along the river are going to see a lot more expansion in the future too.
I thought we were doing well up here with manufacturing expansion in my state with Mitsubishi Electric, Electrolux, and VW. It's a drop in the bucket compared to what Louisiana has coming. Impressive.
SW Louisiana and the whole area between Baton Rouge and New Orleans along the river are going to see a lot more expansion in the future too.
This post was edited on 7/30/14 at 9:38 am
1
Posted on 7/30/14 at 9:32 am to jennyjones
quote:And there will be others as well....
Wow... this is on top of the $12 billion LNG facility that Cheniere has been building there
Posted on 7/30/14 at 9:35 am to dewster
And this is after Shell bailed on a massive such facility in Ascension Parish near the Sunshine Bridge.
Posted on 7/30/14 at 9:41 am to TigersOfGeauxld
Da boot baby 
Posted on 7/30/14 at 9:42 am to kingbob
They scrapped that plan because of uncertainty in future prices of oil and LNG and the massive cost of construction for that project.
Doesn't really matter though...Ascension has a number of other major projects underway and close to completion, such as CF Industries expanding their fertilizer plant to the tune of $2.1B and Methanex’s $1B methanol complex, which should be up and running by the end of '14. Again, great time to be in construction in SoLa
Doesn't really matter though...Ascension has a number of other major projects underway and close to completion, such as CF Industries expanding their fertilizer plant to the tune of $2.1B and Methanex’s $1B methanol complex, which should be up and running by the end of '14. Again, great time to be in construction in SoLa
Posted on 7/30/14 at 9:46 am to TheHiddenFlask
quote:
They will hardly move the needle.
This. Exporting natural gas is not a great move economic wise unless you have a locked in market with no other natural gas options. The only industrialized country this fits is Japan (and maybe Korea).
Exported US LNG will never compete with Russian natural gas in Europe. No matter how pissed the Euro's get at Putin, they aren't going to double their gas costs for extended periods of time.
The export/import process adds somewhere in the $1.50-3.50 (this swings depending on many variables) to each 1000 scf of natural gas.
Posted on 7/30/14 at 10:09 am to TexasTiger90
BASF & Marathon have expansions on the horizon as well
Posted on 7/30/14 at 10:27 am to MNCscripper
So does Shell Geismar
Posted on 7/30/14 at 10:28 am to Asgard Device
quote:
That doesn't look like it should cost $10b.
Posted on 7/30/14 at 10:28 am to ForeverLSU02
Not saying Jindal is responsible for this boom, but whoever comes in after him will be inheriting a great economic situation
Posted on 7/30/14 at 10:34 am to kingbob
quote:
CB&I may go belly up before it's finished, though. Odds are Turner will have to take over the project at some point to finish it.
Bernhard and his boys are waiting in the wings
Posted on 7/30/14 at 10:41 am to tgrbaitn08
quote:
Bernhard and his boys are waiting in the wings
Hell yea! Great people
Posted on 7/30/14 at 10:43 am to kingbob
quote:
CB&I may go belly up before it's finished, though. Odds are Turner will have to take over the project at some point to finish it.
You sound like a guy that works for Turner.
Posted on 7/30/14 at 10:44 am to kingbob
quote:
CB&I may go belly up before it's finished, though. Odds are Turner will have to take over the project at some point to finish it.
Why is CB&I going belly up? Just curious.
Posted on 7/30/14 at 10:46 am to jennyjones
quote:
Wow... this is on top of the $12 billion LNG facility that Cheniere has been building there
And Sasol and Trunkline.
Posted on 7/30/14 at 10:48 am to sloopy
quote:
Why is CB&I going belly up? Just curious.
They've lost their arse on several huge lump sum projects due to shoddy work leading to remedial work. They're stretched thin with their engineering and PM staff for the number and magnitude of the projects they have and they've been balancing their financial books with "goodwill" from the purchase of the Shaw Group, never mind that the "goodwill" is quantified on their balance sheet to exceed their purchase price for that company.
If they don't start hitting some home runs on some of these huge projects, that company may be in come serious trouble.
Posted on 7/30/14 at 10:48 am to HardHat
He actually does 
Posted on 7/30/14 at 10:50 am to weisertiger
quote:
Bernhard and his boys are waiting in the wings Hell yea! Great people
you need to meet more peoplePosted on 7/30/14 at 10:53 am to TexasTiger90
He just sounds like some entry level hotshot at Turner that thinks he knows everything.
Posted on 7/30/14 at 10:56 am to TigersOfGeauxld
Cameron still doesn't have FERC approval but I believe they are next in line.
There is also Lake Charles Liquefaction (BG Group & Energy Transfer), still in application process
There is also Lake Charles Liquefaction (BG Group & Energy Transfer), still in application process
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