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Key agreement signed for LNG terminal

3 years ago May 04, 2012 May 4, 2012 Friday, May 04 2012 Friday, May 04, 2012 6:40:07 AM CDT in News
Source: Associated Press

BATON ROUGE - The governor's office has announced the latest development in plans for a $6 billion liquefied natural gas export terminal in southwestern Louisiana.

A Thursday news release says Sempra Energy Inc., has reached an agreement with an affiliate of a French company, GDF Suez, to develop the facility. It is the third and final commercial agreement signed by Sempra for development of the terminal, which will export 12 million metric tons per year.

Earlier agreements had been announced with Mitsubishi Corporation and Mitsui & Co. Ltd.

Construction is expected to begin in 2013. The governor's office says the facility will bring 130 new, permanent jobs to the area, along with 3,000 construction jobs.

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