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Subsidy Tracker Individual Entry

Company: Venture Global LNG, Inc.
Parent Company: Venture Global LNG
Subsidy Source: state
Location: Louisiana
City: Cameron
County: Cameron
Address: 236 Davis Rd.
Zip: 70631
NAICS Industry Code: 325120
Project Description: New manufacturing operation to convert natural gas into liquefied natural gas. The investment amount for this project will cover the ground up construction of a brand new liquefied natural gas facility. The project will include an administrative and maintenance building and the purchase of equipment that includes but is not limited to compressors, heat transfer equipment, pumps, motors and turbines, generators, electrical distribution equipment, instrumentation, tanks, piping, towers, drums, vessels, LNG loading arms, piles, and civil site aggregate materials.
Year: 2021
Major Industry of Parent: oil and gas
Specific Industry of Parent: oil & gas
Subsidy Value: $55,457,142
Program Name: Quality Jobs Program
Awarding Agency: Louisiana Economic Development
Type of Subsidy: tax credit
Number of Jobs or Training Slots: 4,235
Wage Data: $671,805,707.00
Wage Data Type: Estimated Total Payroll
Capital Investment: $6,656,000,000
Source of Data: (click here)
Notes: Year is application board approval date. Subsidy is the sum of Estimated 10 Year Payroll Credit and Estimated 10 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 10 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 10 year payroll, existing payroll, and estimated construction payroll, which equals the estimated total payroll. Investment data is the sum of Estimated Building And Material, Estimated Machinery And Equipment, and Estimated Labor And Engineering which equals the Total Estimated Investment.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.