LAKE CHARLES, La. (AP) - The president of Magnolia LNG updated Lake Charles Port Board members on the company’s estimated $3.5 billion liquefied natural gas project and presented a check to extend the company’s lease with the port for a year.
Maurice Brand said the midscale LNG project is expected to produce up to 70 permanent jobs, 175 indirect jobs and 1,000 construction jobs. The American Press reports (https://bit.ly/1eOXZNb ) the facility, construction of which is expected to begin in the spring of 2015, will be on port property along the Industrial Canal.
He said on Wednesday the facility will be about 30 percent more efficient than other LNG plants, using 6 percent to 8 percent of gas instead of the typical 9 percent to 10 percent.
___
Information from: American Press, https://www.americanpress.com
Please read our comment policy before commenting.