ChevronTexaco Awarded Permit for LNG Terminal in Mexico

ChevronTexaco de Mexico has been awarded a permit from the Regulatory Energy Commission (CRE) for a proposed natural gas import terminal off the coast of Baja California, Mexico, moving the company forward in its aim to deliver natural gas to Mexico. In addition, ChevronTexaco received notice from the Communication and Transport Secretariat (SCT), through its Port Authority, that the company is the winner of the public licensing round for an offshore concession to construct and operate its offshore natural gas import terminal.

"We are pleased to be awarded these authorizations from the Mexican federal government after participating in a comprehensive and rigorous permitting process," said John Gass, president of ChevronTexaco Global Gas. "These important new milestones, together with the previously received environmental authorization from the Environment and Natural Resources Secretariat, move us a step closer to being able to import essential supplies of natural gas to help meet Mexico's long-term energy needs. It also provides a potential outlet to supply neighboring markets with any excess capacity."

Carlos Atallah, president of ChevronTexaco de Mexico, said, "We are pleased with our progress in the terminal permitting process. This is an important project for Baja California and the whole region to be able to meet the growing demand for clean energy."

Atallah added, "The terminal will be designed to have an initial capacity of 700 million cubic feet of natural gas per day and can be expanded based on future demand. ChevronTexaco's project is expected to bring additional investments and jobs to Baja California and, by diversifying the state's natural gas sources, contribute to more stable energy supplies and prices."

ChevronTexaco's terminal will be located more than 13 kilometers (8 miles) offshore and will be designed with state-of-the-art safety and environmental standards. ChevronTexaco is committed to an open dialogue with the various representative groups of the Baja California community and welcomes their interest in learning more about the project.