How big is the Sasol news about canceling the gas-to-liquids project in SWLA?

Seriously?

This will crush that area with construction jobs as well as future support personnel. Still a lot in that area though.


Wonder if JBE will hold a press conference.

Now the strip club in sulphur is gonna suck again without that Sasol money drawing the Houston girls in

Oil was over $90 a barrel when project was announced a few years ago.

Bechtel just got contracts for 3 more LNG facilities in the area with construction starting next year.

The gas to liquids project was part of a larger Sasol complex. They have delayed that aspect for awhile, so this isn’t a huge surprise.

However, the gas-to-liquid part was going to be huge, and a foundation for more jobs & industry in the area. Sasol has and will continue to employee a lot of people, but it will no longer be a catalyst to transform the economy of SW Louisiana.

Bridget the midget

Leaving again tomorrow

Bad news. Wasn’t this a $20B project? Between this and the Shell project that was cancelled, low oil prices screw LA again.

I’m not optimistic, Still a lot on the drawing board, the plant at Johnson Bayou seems to be leading the way , espicaly with contracts

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this has everything to do with the price and availability of oil and nothing to do with LNG.

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I'm not well read on that market, but some large landowners in W. Feliciana are being contacted about mineral leases(Tuscaloosa Shale). They are being offered about twice what was paid 6 or 7 years ago. Someone knows something.