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22

Chevron Provide US Market With New Sources Of Gas

Chevron obtained up to 1.0 bcf a day capacity in a new-build pipeline

Chevron Global Gas today announced it has signed a binding agreement with Kinder Morgan Energy Partners, L.P. to be one of the anchor shippers in a 3.2 billion-cubic-feet-per-day (bcf/d) pipeline system to be connected to the Sabine Pass liquefied natural gas (LNG) terminal in Cameron Parish, La, the company said it its press release.

In this agreement, Chevron obtained up to 1.0 bcf/d capacity in a new-build pipeline and 0.6 bcf/d interconnect capacity to the existing pipeline operated by Natural Gas Pipeline Company of America (NGPL), a subsidiary of Kinder Morgan Inc., located adjacent to the Sabine Pass LNG terminal site. Combined, the new-build pipeline and interconnect capacity with NGPL will provide important take-away options for Chevron's capacity at the Sabine Pass LNG terminal. This new pipeline system will provide access to Chevron's Sabine and Bridgeline pipelines, which connect to Henry Hub.
"This agreement is key to advancing Chevron's effort to provide the U.S. market with new sources of natural gas, and is a significant step forward in our overall strategy of building complete gas value chains," said John Gass, president of Chevron Global Gas.

"This pipeline, combined with our capacity in the Sabine Pass LNG terminal, will allow us the unique opportunity to flexibly link all key consuming markets east of the Rockies with Chevron's LNG projects," said Randy Curry, president of Chevron Natural Gas.