Magnolia LNG is planning to spend $2.2 billion to build a natural gas liquefaction production and export facility at
the Port of Lake Charles in Southwest Louisiana.
Construction would create 1,000 jobs, but the plant would employ only 45 people when completed.
Magnolia said it expects to make a final decision to move forward with the project in late 2014, after it secures permits and completes financing. The mid-scale LNG facility would be located on 90 acres at the port’s Industrial Canal, off the Calcasieu Ship Channel. Magnolia LNG would produce 4 million metric tons of liquefied natural gas per year, and construction would begin in 2015 pending permits and financing, and operation would begin in 2018.
Magnolia is a new subsidiary of Liquefied Natural Gas Ltd., based in Perth, Australia.
Company plans LNG export facility in Lake Charles
