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Better known for its zydeco music clubs and restaurants serving up boiled crawfish, Lake Charles, La., has recently become one of the leaders of the United States' energy revolution — a revolution that has not only radically changed the country's energy portfolio, but has revived a sluggish construction industry, putting tens of thousands of electricians back to work. Just ask Lake Charles Local 861 Business Manager Jeffrey Sanders. "I haven't been this optimistic since the 1970s," he said. Every member of his local is working, with an additional 100 travelers in town. "We increased our membership by 30 percent since January," he said. One of the biggest jobs they are working on is the Golden Nugget casino, a 30,000-square-foot entertainment complex and luxury hotel. But what's really powering the construction boom in Lake Charles is liquefied natural gas, better known as LNG. "Pretty much all future work in this area hinges on natural gas," Sanders said. LNG is natural gas that is converted to liquid form for ease of transport. Built a few years ago, the first local LNG facility in the area was designed to receive natural gas imports. But the rapid growth of gas drilling in the U.S. has made exporting — not importing — a lucrative field for energy companies, forcing a major retooling of the facility. The Lake Charles Liquefaction Project recently received permission from the U.S. Energy Department to export domestically produced gas. Two other multibillion dollar export facilities are also in the works, including a $15 billion gas-to-liquids terminal to be built by South African energy giant Sasol. All in all, more than $240 billion in natural gas and oil related projects are coming to the shores of the Gulf of Mexico, stretching from Brownsville on the Texas/Mexico border up through Florida. Shale Fortunes Powering this new construction boom is shale gas. Extracted through the sometimes controversial practice of hydraulic fracturing, natural gas extracted from shale deposits has surpassed nuclear power as the U.S.'s second-leading electricity source, just behind coal. |
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