ANNOUNCEMENT 03 May 2012

On May 3, 2012 Governor Bobby Jindal of Louisiana reached agreement with Sempra Energy to develop a $6 billion natural gas liquefaction export facility at the site of Sempra’s existing Cameron liquefied natural gas (LNG) receiving terminal in Hackberry, Louisiana. The incentive package provided to Sempra Engery includes a requirement to hire locally.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 03 May 2012 | Removal date: open ended
Still in force

Tax or social insurance relief

The company will utilize Louisiana’s Quality Jobs and Industrial Tax Exemption Program incentives on the project. According to data posted by the Louisiana Commerce & Industry Board disclosure site at http://www.opportunitylouisiana.com/assets/LED/docs/Performance_Reporting/2013_CI_Board_Approvals.pdf the estimated ten-year value of the property tax exemption is $2,194,868,648.

AFFECTED SECTORS