Subsidy Tracker Individual Entry

Company: 
Cheniere Energy
Parent Company: 
Cheniere Energy
Subsidy Source: 
multiple
Location: 
Louisiana
City: 
Cameron
County: 
Cameron
Address: 
9243 Gulf Beach Highway
Zip: 
70631
NAICS Industry Code: 
325120
Project Description: 

Sabine Pass natural gas liquefaction plant

Year: 
2010
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Subsidy Value: 
$1,689,328,873
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
148 new jobs, 77 retained jobs
Wage Data: 
$100000
Wage Data Type: 
annual average compensation with benefits
Capital Investment: 
$6,500,000,000
Source of Data: 

The value of the 2011 portion of the subsidy package is from: 2011 "Board of Commerce & Industry Incentive Approvals" report, p. 119-120, under Sabine Pass Liquefaction; available online at: http://louisianaeconomicdevelopment.com/additional-resources/performance.... See also: Skip Descant, "Board approves business incentives," The Advocate, December 14, 2011. The value of the 2010 Industrial Tax Exemptions is from the 2010 "Board of Commerce & Industry Incentive Approvals" report, p. 137; available online at: http://louisianaeconomicdevelopment.com/additional-resources/performance.... The job, wage and investment projections are taken from a press release issued by Gov. Jindal on July 19, 2011; available online at: http://www.gov.louisiana.gov/index.cfm?md=newsroom&tmp=detail&articleID=...

Notes: 

The total value includes: $126,098,145 in property tax abatements the company received in 2010 for assets placed in service in 2009 ; two 2011 awards from the Industrial Tax Exemption program valued at $1,447,200,000 and $530,728; Quality Jobs cash rebates worth about $115.5 million; and an unspecified amount from the FastStart job training program. The job, wage and investment projections refer to the 2011 expansion. Overlaps with main Subsidy Tracker data: three entries for the Industrial Tax Exemption program ($126,098,145 in 2010 under the name Sabine Pass LNG; $1,447,200,000 in 2011 under the name Sabine Pass Liquefaction; and $530,728 in 2011 under the name Sabine Pass LNG). The main data also have a $115,535,897 entry for the Quality Jobs program in 2011 under the name Sabine Pass Liquefaction.

Source Notes: 
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