Facebook Twitter Twitter    Archive | www.aapa-ports.org March 25, 2013
   

Lake Charles Port to Lease 90 Acres to Magnolia LNG

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Port of Lake Charles Commissioners have approved an option for a long-term lease agreement with Magnolia LNG on 90 acres, where the an Australian-based energy company plans to build a $2.2 billion export facility capable of producing 4.0 million metric tons of liquefied natural gas annually.

Magnolia LNG will be located on the Industrial Canal and across from the 200-acre G2X Energy site. Construction is expected to begin in 2015, pending construction and federal permits. Maurice Brand, Magnolia LNG managing director and joint chief executive director, said the project will create 70 to 80 new permanent jobs and an estimated 400 construction jobs.

"The Port of Lake Charles has been able to provide a unique combination of location, infrastructure and transportation capabilities to help bring this project to the region,” said Port Executive Director Bill Rase. "Magnolia LNG will be a significant and welcome addition to Southwest Louisiana’s energy corridor.
 

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