LAKE CHARLES, LA (KPLC) - Lake Charles Port officials and Sempra Energy are reportedly eyeing a deal worth an additional $6 billion to Southwest Louisiana.
Richert Self, Director of Administration and Finance with the port, told KPLC on Tuesday that on Monday, Sempra signed an option with the port to lease an additional 165 acres in addition to over 200 acres already under lease.
Self said officials will study the project and once they determine if the project can proceed, they would exercise the option. That would trigger a long-term lease with the port, Self said.
Officials said the proposed expansion will add facilities to allow for the processing of natural gas into LNG for export.
It would reportedly require changes on the existing plant site and extensive new plant facilities to be located north of the existing plant on property acquired by Cameron LNG as well as on a proposed new lease area of 165 acres.
The property was acquired by the port in 1999.
The proposed terms of the option would be a 24-month option at $300,000.
It would also include a possible 12-month extension, among a list of other terms.