$8.5 Billion Project Announced In Plaquemines

In likely one of the largest economic development announcements in the nation for 2016, Gov. John Bel Edwards and Venture Global LNG executives Bob Pender and Mike Sabel announced yesterday the company will invest $8.5 billion to develop a natural gas liquefaction facility and LNG export terminal in Plaquemines Parish. Plaquemines LNG will create close to 1,000 new jobs: 250 new direct jobs at an average annual salary of $70,000 per year, plus benefits; and over 725 indirect jobs. The project also is expected to generate 2,200 construction jobs.

In partnership with state, port and local officials, GNO, Inc. helped provide support for project site location, incentives, permitting and communications. You can read more here.