The Perryman Group analyzed the economic and fiscal benefits of Cheniere’s expansion of its Sabine Pass liquefied natural gas facilities and Creole Trail Pipeline. In addition to a sizable construction stimulus, the investment involves substantial long-term economic benefits (including job creation) as well as increased tax revenue at the federal, State, and local levels. By providing access to global markets for US-produced natural gas, the project also supports exploration and development activity.
The expanded Cheniere facilities lead to a sizable stimulus in a variety of sectors, as well as generating spillover benefits for an even wider range of businesses. The Perryman Group’s assessment of the proposed expansion utilized the firm’s proprietary US Multi-Regional Impact Assessment System to quantify the total economic and fiscal benefits of the project. Results were measured for the surrounding local area where the primary impacts would be realized (the “Primary Impact Area”—Allen, Beauregard, Calcasieu, Cameron, and Evangeline Parishes in Louisiana and Jefferson County in Texas), Louisiana, and the United States.
The full report, complete with appendices, is available for download below.