A local business group got an update on an ongoing liquid natural gas project at Port Fourchon last week.
The South Central Industrial Association hosted its monthly General Membership Luncheon on Tuesday. The guest speaker was Project Director Christopher Pope, of Energy World.
“The speaker is always somebody with strong oil and gas industry background or energy perspective,” SCIA Director Christy Naquin said.
Energy World is investing $888 million to build an LNG plant in Port Fourchon.
The project is estimated to be completed in 2021.
“We are going to be taking local methane and making it very cold so that it condenses into liquid, which occupies a smaller capacity so you can take it on a ship and ship it economically to places that need gas,” Pope said. “It’s a chemical experiment on a very large scale.”
This LNG project will bring employment opportunities for local communities and could bring economic opportunity through purchases from local suppliers, Pope said.
“We will be here for about 25 years, so we are going to be supplying LNG to people who need it around here, like offshore supply vessels,” Pope said. “Then of course, (there are) all the wages that go through the company and local staff that sort of flushes through the local economy.”
The company hopes the project can help with the country’s trade balances by increasing exports.
The group is designed as a network for local industry. It also offers scholarships it pays for through its fundraisers. Naquin said the scholarships, $1,000 and $500, are awarded each year to qualified high school seniors whose parents are involved with SCIA. Applications are still open, but those interested must submit required paperwork before April 28.
For more information about the scholarships, contact Naquin at email@example.com.
-- Daily Comet Staff Writer Andrea Mujica can be reached at 857-1148 or firstname.lastname@example.org. Follow her on twitter @CationM.
Posted on Fri, March 23, 2018
by By Andrea Mujica Daily Comet Staff Writer