Venture Global to spend over $10 bln on fourth Louisiana LNG plant [Financial Post (Toronto, Ontario, Canada)]
China Petroleum & Chemical Corporation (SNP)
US:NYSE Investor Relations:
cnpc.com.cn/en
Company Research
Source: Financial Post
The proposed CP2 facility will be located adjacent to its Calcasieu Pass LNG export plant, which is under construction and could produce first LNG in test mode later this year. Analysts have estimated Calcasieu Pass cost about $4.5 billion. There's never been a better time to get into Canadian real estate Advertisement “These two projects (Calcasieu and CP2), combined with our Plaquemines LNG facility now under construction, represent more than $20 billion of investment in the State of Louisiana,” Venture Global Chief Executive Mike Sabel said in a statement. Advertisement Article content Louisiana Governor John Bel Edwards said in the release that “The CP2 facility in Cameron (Parish) will create more than 1,000 new permanent jobs and thousands of construction jobs in the area, which will have a significant impact on our economy.” The CP2 project is designed to produce about 20 million tonnes per annum (MTPA) of LNG and will incorporate technology to reduce the amount
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