ANNOUNCEMENT 19 Jun 2015

In an agreement reached in 2014 with the state of Louisiana, Cheniere Energy Inc. will expand its Sabine Press liquefied natural gas export facility in Cameron Parish. The incentive package includes a requirement to hire locally.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 01 Jul 2015 | 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 http://www.goodjobsfirst.org/sites/default/files/docs/pdf/megadeals_report.pdf the estimated ten-year value of the tax exemption is $1,689,328,873.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A
Inception date: 01 Jul 2015 | Removal date: open ended
Still in force

Local labour

Conditions for eligibility for the USD 1.7 billion tax exemption granted through the Quality Jobs Program include a minimum hiring requirement of local staff and minimum percentages of revenues meeting clients from outside of the state, including foreign customers.

 
N/A