Researched by Industrial Info Resources (Sugar Land, Texas) -- On Monday, Freeport LNG Expansion LP (Houston, Texas) announced that the company had entered into a 20-year liquefaction tolling agreement (LTA) with BP Energy Company. Under the agreement, BP will purchase 4.4 million tons per year of liquefied natural gas (LNG) from Freeport LNG's planned liquefaction and export plant on Quintana Island, near Freeport, Texas.
As construction of these multibillion-dollar LNG trains begins escalating in the Gulf Coast region, one of the consequences will be a sharp increase in the demand for skilled craft labor in the area. For additional information, see February 6, 2013, article -- Gulf Coast Mega-Projects to Increase Demand for Skilled Craft Labor . In addition, construction of oil sands projects in Alberta and other planned LNG export facilities along the Pacific Coast of North America could significantly affect the costs and distribution of skilled craftsmen throughout North America.
Industrial Info's tools to track this changing labor market include the Five-Year Labor Supply & Demand Outlook, the Manpower Market Analyzer, and the Gulf Coast Region Labor Market Analysis, which provide detailed labor information for metropolitan areas throughout North America.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
Source: Industrial Info Resources
Date: Feb 13, 2013