Chevron Increases Sabine Pass LNG Terminal Capacity

Chevron Global Gas, a unit of Chevron Corporation has exercised its option to increase capacity at Cheniere Energy Incorporated's Sabine Pass Liquefied Natural Gas terminal from approximately 0.7 billion cubic feet per day (bcf/d) to 1.0 bcf/d, pursuant to its original agreement signed with Cheniere in 2004.

"This increase in capacity will allow Chevron to be able to provide the market access to facilitate the commercialization of our global natural gas resources and be able to provide more reliable energy supplies to the United States market," said John Gass, president of Chevron Global Gas.

Permits for the terminal's initial full capacity of 2.6 bcf/d were received in December 2004 and construction started in March 2005.

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Posted 05/12/05

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