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re: Is Lake Charles really booming right now?
Posted on 2/14/15 at 12:06 pm to SlowFlowPro
Posted on 2/14/15 at 12:06 pm to SlowFlowPro
Sasol delayed the FID on the GTL plant because of low oil prices. Construction on the ethane cracker is advancing.
2
Posted on 2/14/15 at 12:11 pm to mattz1122
I have always done a bit of work along that corridor but the last 24 months it's up about 65% and I see it getting much larger for the foreseeable future.
Posted on 2/14/15 at 1:34 pm to mattz1122
This could be huge for much of the state also. Baton Rouge industrial construction firms should/have been picking up a ton of this work. Haynesville gas is best suited to be exported due to pipeline infrastructure in place and reserves left to drill. Linking the price to worldwide LNG rates should improve gas prices for operators there. This could be the rationale for the black stone group (Vine) buying shells position there out. Lake Charles new projects and the rest of the gulf coast petrochemical expansions and new builds are all a result of the massive reserves of natural gas American oil and gas companies have unleashed in the last ten years.
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