MONEY

$11 billion Cameron project expands

Ken Stickney
kstickney@theadvertiser.com

A planned liquefied natural gas export project in Cameron Parish has grown by 500 acres, even as it awaits formal federal approval.

G2 Liquefied Natural Gas, an $11 billion project which announced its creation about a year ago, said this week that plans have expanded at the remote site to include exporting petrochemicals.

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G2 has applied for project permits through the Federal Energy Regulatory Commission. The timeline calls for the project to be ready for operation in late 2020 or early 2021.

“The expansion of our Cameron Parish, Louisiana, location is in direct response to our customers’ increasing demands for both LNG and petrochemicals,” Charles E. “Buddy” Roemer III, G2 LNG chairman, said in an issued statement. “We are excited to exercise this land option, increase our overall footprint and move forward with one of the largest overall projects the state of Louisiana has ever seen.”

G2 spokesman Michael Smith said the expansion will push the project site to about 1,266 acres on the Calcasieu Ship Channel, about three miles from the Gulf of Mexico.

The Sulphur-Westlake area of Calcasieu Parish, about 25 miles north of the G2 site, is home to several oil, gas and petrochemical companies. Smith declined to name potential clients, but said G2 would not added acreage without “some degree of certainty” about new business.

G2 will expand its Cameron Parish site.

Clair Marceaux, executive director of the Cameron Port, said in a prepared statement the project would provide thousands of construction jobs and generate hundreds of jobs for vendors and others.

G2 is headquartered in Baton Rouge.