CHEVRONTEXACO PLANS BAJA CALIFORNIA TERMINAL
SAN RAMON - 11/03/03 - ChevronTexaco Corp. has said it plans to build a $650 million liquefied natural gas terminal off the coast of Baja California that will be able to process 1.4 billion cubic feet per day.
San Ramon-based ChevronTexaco, the world's fifth-largest oil company, told the San Jose Business Journal that the freestanding Gravity Based Structure will be located 8 miles offshore and include facilities for offloading, re-gasification and storage.
The company said it expects to begin construction in 2004 with completion targeted for 2007.
The LNG terminal is the second in North America planned by ChevronTexaco, a major global natural gas player with plans to expand its market share from production through distribution.
The company previously announced plans for "Port Pelican," a GBS re-gasification terminal proposed for installation offshore from Louisiana. The project is undergoing permit review by US authorities.
ChevronTexaco's global gas strategy incorporates large gas field developments, such as the greater Gorgon-area in Australia and Plataforma Deltana in Venezuela; a proposed LNG project in Angola and the recently announced Brass LNG project in Nigeria; gas-to-liquids projects through its Sasol Chevron joint venture; and proposed offshore regasification projects, including Baja California in Mexico and the Gulf of Mexico in the US.
Additional LNG terminal projects are also under consideration for California, the company said.
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