The project would be an approximately $10 billion investment in infrastructure on the Gulf Coast, which would generate billions of dollars of economic growth at local, state and national levels and millions of dollars in taxes to local, state and federal governments.
According to a study by The Perryman Group, Golden Pass’s investment could create approximately $31 billion in U.S. economic gains (gross product) at local, state and national levels over the life of the project. This project represents a significant opportunity for investment and economic output. The approximately $10 billion investment in infrastructure to build the facility could generate an estimated $20 billion in national gross product during the five-year construction phase, and an estimated $460 million in national gross product annually over the life of the facility (approximately 25 years).
The project would also generate tens of thousands of jobs for American workers across the country. Based on The Perryman Group study, during the approximate five-year construction phase, the proposed project would generate the equivalent of about 45,000 direct and indirect jobs in the U.S. across a spectrum of supporting industries, including manufacturing, transportation and utilities. This includes approximately 9,000 direct construction jobs, with peak construction employment reaching about 3,000 jobs. During the operations phase, the project would create around 3,800 direct and indirect permanent jobs nationwide, including more than 200 jobs at the facility itself. The Perryman Group study also indicates the GPP export project would generate significant tax revenues. Cumulative tax revenues for federal, state and local governments would total about $4.6 billion from the project and indirect sources. Estimated annual project tax revenues of $26 million were projected for the federal government and $18 million for the State of Texas during operations.
