Dec 10, 2013 7:13 AM by AP
NEW ORLEANS (AP) - Entergy Gulf States Louisiana has signed a six-year power supply deal with the South African energy company behind a planned $7 billion petrochemical project in Westlake.
Entergy Gulf States Louisiana said Monday that it has agreed to supply up to 200 megawatts of electricity to keep Sasol Ltd.'s proposed ethane cracker running from day-to-day starting in mid-2014. The cracker is part of a $21 billion complex that would also include a gas-to-liquids plant.
The energy contract is a sign plans are moving forward even though financing for the entire project has yet to be announced.
The Times-Picayune reports Sasol is one of dozens of companies seeking to take advantage of a boom in U.S. natural gas supply driven by shale drilling.