Posted on 07/26/2017 5:52:13 PM PDT by 2ndDivisionVet
CAMERON PARISH, LA (KPLC) - The face of Cameron Parish will soon be changing.
A massive, 500-acre port will be built over the next four years on the Calcasieu Ship Channel, creating close to 4,000 permanent jobs - doubling the employment in the parish.
Peterson Offshore Group, a Dutch international energy logistics management company, signed a letter of intent Wednesday with Port Cameron to lease 1.2 million square feet in Part Cameron's Logistics Center. Peterson will co-manage the port.
For Ted Falgout, executive director of Port Cameron, Cameron Parish is the perfect location for this project.
"I think seeing these raw assets that exist [in Cameron Parish], proximity to Houston, depth of the Calcasieu Ship Channel, the great inland waterway connections of this region - how these assets can be put together to create efficiencies we have not experienced before."
Port Cameron's main purpose will be to "...provide the Gulf energy industry with logistical advantages that will save time and money while helping to reduce business interruption risks."
The port itself will be over 500 acres once built with 750 acres available for future expansion. Port Cameron will send an impactful ripple through Cameron Parish.
During construction, over 8,000 jobs will be created - increasing parish employment by 233 percent. Once complete, the port will add close to 4,000 new jobs. Statewide, close to 10,000 jobs will be added.
"The game-changer is the ability to introduce cost savings of 30, 40 perhaps even 50 percent in logistical savings for oil and gas companies," Falgout said. "That capability coming out of Port Cameron we think will create Port Cameron as a logistical hub for this region."
During the first five years in operation, over $450 million will be generated in tax revenue for the state. Construction for Port Cameron will likely begin near the end of 2017; it will take four years to build.
Can we give Trump any credit for this?
Here’s another one from earlier today.
http://www.freerepublic.com/focus/f-news/3572301/posts
America’s Biggest Oil Port Looks to Catch the Export Wave
Bloomberg via gCaptain ^ | July 26, 2017 | Hailey Waller and Sheela Tobben
Posted on 7/26/2017, 5:28:20 PM by Oatka
(Bloomberg) The biggest U.S. oil-import hub wants to grab a piece of surging North American crude exports.
Louisiana Offshore Oil Port, the only terminal along the U.S. Gulf Coast able to handle a fully laden supertanker, is gauging interest from shippers in sending crude overseas on the world’s biggest ships by early next year. The port would continue to take in foreign oil, LOOP LLC said in an emailed statement Monday.
Ports are competing to fill the needs of domestic oil producers looking for outlets for their growing supply. At the same time, the boom from U.S. shale fields and Canadian oil-sands mines has reduced refiners’ need for imported oil. LOOP’s ability to handle tankers capable of carrying 2 million barrels in their holds would reduce shipping costs for companies looking to send crude to refiners in Asia.
Globull warming will render this useless by 2012...
The good news just keeps coming and coming. Perhaps this energy boom will lift all boats - it sure as L is helping the Gulf (US) states.
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