Venture Global to build $8.5 Billion LNG Complex in Plaquimines Parish

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BELLE CHASSE, La. — Gov. John Bel Edwards and Venture Global LNG executives Bob Pender and Mike Sabel today 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.

“We are happy to welcome Venture Global to Plaquemines Parish for its second multibillion-dollar LNG project in our state,” Gov. Edwards said. “The long-term prospects for the U.S. natural gas industry are bright, and Louisiana is well-positioned to capitalize on that success with ready access to natural gas supplies and deepwater access for shipping LNG to destinations worldwide. This facility will have a major impact on the local and regional economies by providing hundreds of new high-paying jobs for our skilled workforce.”

Plaquemines LNG will be built to an export capacity of 20 million metric tons per year. The complex will be located on the west bank of the Mississippi River near Mile Marker 55, downriver of Myrtle Grove. The 632-acre site – about 30 miles south of New Orleans – includes 7,000 feet of river frontage and is owned by the Plaquemines Port Harbor and Terminal District.

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