Gulf Coast LNG Ramps Up as Freeport LNG Signs Second 20-Year Purchase
Agreement, an Industrial Info News Alert
SUGAR LAND, TX -- (Marketwire) -- 02/13/13 -- Researched by
Industrial Info Resources (Sugar Land, Texas) -- On Monday, Freeport
LNG Expansion LP (Houston, Texas) announced that the company had
entered into a 20-year liquefaction tolling agreement (LTA) with BP
Energy Company (NYSE:BP) (Houston, Texas). Under the agreement, BP
will purchase 4.4 million tons per year of liquefied natural gas
(LNG) from Freeport LNG's planned liquefaction and export plant on
Quintana Island, near Freeport, Texas.
As construction of these multibillion-dollar LNG trains begins
escalating in the Gulf Coast region, one of the consequences will be
a sharp increase in the demand for skilled craft labor in the area.
For additional information, see February 6, 2013, article -- Gulf
Coast Mega-Projects to Increase Demand for Skilled Craft Labor. In
addition, construction of oil sands projects in Alberta and other
planned LNG export facilities along the Pacific Coast of North
America could significantly affect the costs and distribution of
skilled craftsmen throughout North America.
Industrial Info's tools to track this changing labor market include
the Five-Year Labor Supply & Demand Outlook, the Manpower Market
Analyzer, and the Gulf Coast Region Labor Market Analysis, which
provide detailed labor information for metropolitan areas throughout
North America. More information can be obtained by contacting Tony
Salemme, the vice president for Industrial Info's Craft Labor Group,
at email@example.com or by calling (209) 547-9878.
Other companies featured: Cheniere Energy (NYSE:LNG)
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