ChevronTexaco Wins Permit for Mexican Natural Gas Terminal

ChevronTexaco de Mexico Vice President Carlos Atallah said: "ChevronTexaco de Mexico is pleased to have received authorization for an environmental permit for its proposed natural gas import terminal. This authorization represents a major step in gaining approval for the project to be able to provide clean natural gas to meet the growing demand for energy in the region.

"We have been following a regulatory framework that is well defined, comprehensive and transparent and express our appreciation to all of the Mexican agencies and regulators involved for their support. We are particularly impressed with their thoroughness, professionalism and cooperative approach. Our project team is committed to addressing any conditions outlined in this authorization and we are working with environmental experts to assist with any such requirements.

"ChevronTexaco continues to make progress with the other permits required for the project, and we are committed to working with the representative groups of the Baja California community to address their questions and concerns," said Atallah.

ChevronTexaco's proposed natural gas import terminal is to be located approximately 13 kilometers (8 miles) off the coast of Baja California on a sandy sea bottom away from rock habitat. It is ideally located far away from population centers and naturally sheltered from storms while maintaining a buffer distance from the Coronado Islands. The terminal also is aligned strategically to connect to existing natural gas transmission systems.

The terminal is being designed to international environmental and safety standards and every effort is being made to minimize any environmental impact. It is expected to process up to 1,400 million standard cubic feet of natural gas per day.