Sept 20 (Reuters) - Oil pipeline firm Crescent

Midstream, which is backed by investment firm Carlyle Group ( CG ),

said on Friday it would jointly develop and construct a carbon

capture and storage project in Lake Charles, Louisiana.

The nearly $1 billion project would capture carbon dioxide

from an Entergy ( ETR )-owned natural gas-fired power plant, the

994 MW Lake Charles power station.

Collaborating with Samsung E&A and Honeywell's ( HON )

technologies, the project is expected to capture up to 3 million

tonnes of carbon dioxide per year.

The project is expected to be completed in 2028, Crescent

said in an emailed response.

Crescent Midstream owns nearly 1,200 miles of pipelines

around Louisiana and the Gulf of Mexico which transport almost

200 million barrels of crude oil annually, its website showed.