Economic Benefits
The Port of Pascagoula will benefit from rent payments paid by the LNG facility. Those payments, along with other fees and charges associated with LNG ships, are expected to generate millions of dollars of revenue for the Port.
In addition, the development phases of the LNG terminal will provide jobs to about 1,500 workers in a variety of construction trades. Upon entering the operating phase, the facility will directly create at least 50 long-term career positions with average salaries higher than the norm for the area.
Benefits for Mississippi
This project will help make Mississippi an important part of the U.S. energy market. Mississippi will benefit directly from a substantial share of the lease payments paid by the facility to the Port of Pascagoula. Indirect benefits will be derived as a result of the increased employment and commercial activity in the State.
The most positive impact this LNG project will have is the assurance of a steady supply of a clean, efficient energy source for both future and existing consumers. Local governments and economic development authorities will have one more advantage in attracting a desirable level of the types of businesses most beneficial to coastal communities.
|