HVLLC

Endicott Biofuels and Davy Process Technology Partner to Build Next Generation Biodiesel Facilities

noemail@hvllc.com — Wed, 04 Jun 2008 20:00:00 GMT

ENDICOTT BIOFUELS, LLC AND DAVY PROCESS TECHNOLOGY LTD ENTER INTO A TECHNICAL COLLABORATION TO BUILD NEXT GENERATION BIODIESEL FACILITIES IN THE U.S. London and Houston – (June 5, 2008) – Endicott Biofuels, LLC (EBF) and Davy Process Technology Limited (DPT), a Johnson Matthey company, announced today that the two companies have entered into a long-term, multi-plant, technical collaboration to develop the next generation of biodiesel facilities in the United States. Under the agreement, EBF will be licensed to use DPT’s esterification technology in North America for a class of biodiesel plants that will be feedstock flexible, using non-food feedstocks, such as non-edible agricultural process waste products. The agreement provides for multiple plants and the sharing of intellectual property developed from the technical collaboration. EBF is currently developing its first facility, a state-of-the-art plant to produce 100,000 metric tons per year (30 million gallons) of fatty...

Bobcat Announces New Additions

noemail@hvllc.com — Fri, 07 Mar 2008 16:30:00 GMT

HOUSTON, Texas (March 6, 2008) – With the goal of moving its high-deliverability natural gas storage facility forward to the operations phase, Bobcat Gas Storage (Bobcat) recently added David H. Saindon as Chief Financial Officer and Dr. Masoud J. Kasraian as Senior Vice President of Marketing and Asset Optimization to its management team. These two additions to the Bobcat team will help position Bobcat to smoothly transfer from facility construction to facility operations and will allow Bobcat to actively pursue its short term storage and hub service business. David was a summa cum laude graduate of Texas Tech University with a degree in accounting and finance. He has over 10 years of experience in the energy including his most recent assignment as Vice President of Finance of Lodi Gas Storage, LLC. At Bobcat, David will be responsible for all financial aspects of Bobcat’s business including accounting and finance. Masoud obtained a Ph.D. in electrical engineering and a MBA...

FERC Approves the Calhoun LNG Terminal

noemail@hvllc.com — Fri, 21 Sep 2007 15:00:00 GMT

Houston – September 21, 2007 – Gulf Coast LNG Partners, L.P. (“GCLP”) announced today that the Federal Energy Regulatory Commission (FERC) has issued the order granting authorization under the Natural Gas Act for the siting, construction and operation of the Calhoun LNG facility.

“The FERC Order concludes a critical phase for our project, as it has now passed the very stringent environmental, technical and regulatory review by FERC” said Rafael Garcia, GCLP’s Executive Vice President of Asset Development. “We are very excited about this decision and thank the FERC and all the cooperating agencies for their hard work and support.”

“With completion of this major milestone for the Calhoun LNG terminal we are now able to transition our ongoing commercial efforts to the next level and are now in a much better position to conclude ongoing commercial negotiations with terminal users in the near future.” added John Godbold, GCLP’s President.

The Calhoun LNG terminal to be located at The Port of Port Lavaca – Point Comfort, Texas will have two 160,000 cubic meter full containment storage tanks with the ability to process 1.0 billion cubic feet (Bcf) per day of natural gas. The proposed Point Comfort Pipeline originating at the terminal will include about 27 miles of 36-inch pipeline, designed to transport 1 Bcf/d and will connect with nine major pipelines including 5 interstate and 4 intrastate pipeline systems serving Texas and the Midwest, Northeast, and Southeast regions of the country.

Gulf Coast LNG Partners, L.P. is a Houston-based partnership formed between Gulf Coast LNG, LLC and Haddington Energy Partners II, LP, a private equity fund managed by Haddington Ventures, LLC. Additional information about Gulf Coast LNG Partners, L.P. and the Calhoun LNG and Point Comfort Pipeline projects may be found at www.calhounlng.com.

Haddington Ventures provides capital to the energy industry, including mid-stream oil and natural gas companies and electric generation, transmission, and distribution companies, with a focus on natural gas storage, gathering and processing, and other midstream activities.

Endicott Biofuels Completes $40 Million Financing for Construction

noemail@hvllc.com — Mon, 10 Sep 2007 15:00:00 GMT

Houston, Texas (September 10, 2007) – Endicott Biofuels, LLC (EBF) announced today that it has closed a $40 million private equity financing for the construction of a second generation technology biodiesel and bio-derived products plant that will feature a high level of feedstock flexibility. The full equity financing commitment, provided by Haddington Energy Partners III LP, will allow EBF to proceed quickly through the construction and commercial operation of this first plant. EBF plans to build additional bio-fuel and bio-derived product facilities throughout the U.S. within the next two to five years. It expects to break ground in 2008 on its first plant and intends to wholesale the fuel to the developing bio-fuel brokerage market. EBF is also looking to develop relationships with potential feedstock suppliers and fuel purchasers, such as large diesel fuel consumers or large oil companies. Biodiesel can be used at 100 percent concentration as a petroleum diesel substitute, or...

FERC Issues Final Environmental Impact Statement for the Calhoun LNG Terminal

noemail@hvllc.com — Fri, 10 Aug 2007 15:00:00 GMT

Houston – August 10, 2007 – Gulf Coast LNG Partners, L.P. (“GCLP”) announced today that the Federal Energy Regulatory Commission (FERC) issued the Final Environmental Impact Statement (FEIS) for the Calhoun LNG receiving terminal and associated pipeline. In the FEIS, FERC concluded that the construction of the Calhoun LNG project, with appropriate mitigating measures as recommended, would be an environmentally acceptable action.

“The FEIS is an important milestone for the project” said Rafael Garcia, GCLP’s Executive Vice President of Asset Development. “Issuance of the FEIS clears the last step in FERC’s environmental review process before FERC may issue an order granting authorization under the Natural Gas Act for the siting, construction and operation of the Calhoun LNG facility.” John Godbold, GCLP’s President, also commented “the successful advancement on the regulatory front complements our progress in securing terminal users for the Calhoun LNG project.”

The Calhoun LNG terminal to be located at The Port of Port Lavaca – Point Comfort, Texas will have two 160,000 cubic meter storage tanks with the ability to process 1.0 billion cubic feet (Bcf) per day of natural gas. The proposed Point Comfort Pipeline originating at the terminal will include about 27 miles of 36-inch pipeline, designed to transport 1 Bcf/d and will connect with nine major pipelines including 5 interstate and 4 intrastate pipeline systems serving Texas and the Midwest, Northeast, and Southeast regions of the country.

Gulf Coast LNG Partners, L.P. is a Houston-based partnership formed between Gulf Coast LNG, LLC and Haddington Energy Partners II, LP, a private equity fund managed by Haddington Ventures, LLC. Additional information about Gulf Coast LNG Partners, L.P. and the Calhoun LNG and Point Comfort Pipeline projects may be found at www.calhounlng.com.

Haddington Ventures provides capital to the energy industry, including mid-stream oil and natural gas companies and electric generation, transmission, and distribution companies, with a focus on natural gas storage, gathering and processing, and other midstream activities.

Bobcat Seeks to Expand Capacity of Its First Two Caverns and Plans 3Q '07 Open Season

noemail@hvllc.com — Thu, 26 Jul 2007 19:00:00 GMT

HOUSTON--(BUSINESS WIRE)--Bobcat Gas Storage (Bobcat) announced today that it will file with FERC for authorization to expand its first two caverns from 6.75 Bcf to 7.8 Bcf working gas capacity each. Bobcat has completed the drilling of its first storage cavern well and will immediately commence leaching operations with an expected in service date of October 2008. Bobcat currently has FERC authorization to construct two natural gas storage caverns with a working gas capacity of approximately 6.75 Bcf per cavern. Since the original authorization, additional testing has revealed that the Bobcat salt is capable of supporting a larger amount of working gas per cubic foot than originally anticipated, permitting greater operational efficiency and resulting in a substantially higher level of working gas capacity than previously planned. Bobcat also announced that it plans to hold an open season in the 3rd quarter of 2007 for the anticipated 7.8 Bcf of working gas capacity from its second...

Haddington Ventures Announces Resignation of Co-Founder Larry Bickle

noemail@hvllc.com — Thu, 03 May 2007 15:00:00 GMT

Houston, Texas May 3, 2007 -- Haddington Ventures, L.L.C. announced today that it has accepted the resignation of Dr. Larry W. Bickle, Principal and Managing Director, and has entered into an agreement to purchase Dr. Bickle’s interest in Haddington and various affiliates.

Dr. Bickle said he plans to spend time in the future at the operating company level mentoring young people. “As an engineer and an entrepreneur by background, I look forward to getting back to my roots of building projects and growing people,” he said. “My goal is to help younger entrepreneurs learn how to interact appropriately with high quality sources of capital such as Haddington.”

Dr. Bickle co-founded Haddington with Chris Jones, John Strom and Scott Jones in 1998. Previously, Dr. Bickle was Chairman and Chief Executive Officer of Tejas Power Corporation (TPC), which he co-founded in 1984. TPC became a major participant in the deregulated natural gas marketing, pipeline and storage business prior to its purchase by PacifiCorp in 1997.

“We wish Larry the best in his new ventures,” said Managing Director Chris Jones. “Our team has worked together for more than 20 years, and in that time, we have provided outstanding returns to investors, meaningful employment to hundreds of people and had a lot of fun ourselves.”

KOGAS, LG International, and EMS Group join forces with Gulf Coast LNG Partners, LP in the Calhoun LNG Project

noemail@hvllc.com — Thu, 22 Mar 2007 15:00:00 GMT

Houston, 22 March 2007 – To meet the challenge of the growing demand for natural gas in the United States and to provide a safe, reliable, long-term, and competitive source of energy, Gulf Coast LNG Partners, L.P. (GCLP) is developing a Liquefied Natural Gas (LNG) receiving, storage, and re-gasification facility at The Port of Port Lavaca - Point Comfort, (the Calhoun LNG Terminal Project). GCLP announced today that it is has executed a Memorandum of Understanding (MOU) for the Consortium of KOGAS, LG International, and Houston based EMS Group (Port Lavaca LNG Services, LLC) to be the Operator for the Calhoun LNG Terminal. The Consortium has also agreed to participate as an equity owner in the Calhoun LNG Terminal. The Port Lavaca LNG Services Consortium members collectively bring extensive Operations & Maintenance (O&M) experience and capabilities and commercial and technical expertise in the LNG business to Calhoun LNG. KOGAS is the largest buyer of LNG today, as...

GE Unit Makes First Investment in Natural Gas Storage, Expanding Its Midstream Assets

noemail@hvllc.com — Wed, 21 Feb 2007 17:15:00 GMT

PORT BARRE, La. and HOUSTON, Feb. 21, 2007 – GE Energy Financial Services, a unit of General Electric (NYSE: GE), is making its first investment in natural gas storage, acquiring a preferred equity interest in an underground salt dome storage project in Louisiana for $65 million from Haddington Energy Partners III LP, a Houston-based, energy-focused private equity fund. The investment, which will also help cover the project’s capital expenditures, enables GE Energy Financial Services to expand in midstream energy, where it already co-owns pipelines, retail distribution and gas processing assets. The Bobcat gas storage project -- which the fund’s sponsor, Haddington Ventures, LLC, sourced and developed -- is strategically located in St. Landry Parish, Louisiana, 45 miles from Henry Hub, the clearing point for NYMEX natural gas futures contracts and the most liquid trading point in the natural gas over-the-counter and cash markets. GE Energy Financial...

Haddington Ventures to Fund Tristream Energy's Growth in Midstream Energy Sector

noemail@hvllc.com — Tue, 13 Feb 2007 17:15:00 GMT

Sugar Land, Texas (February 13, 2007) – Haddington Ventures, L.L.C and Tristream Energy, LLC announced today that Haddington Ventures has made a majority equity investment in Tristream to fund its growth in the midstream energy sector. Tristream Energy develops, acquires and operates midstream infrastructure downstream of producer facilities in major U.S. producing basins. Tristream management is experienced in the full range of midstream operations including onshore and offshore gathering, conventional/non-conventional gas, nitrogen rejection, compression, hydrocarbon or acid gas reinjection, gas treating, processing, product fractionation and storage. Tristream Energy is led by Ken Purgason, President and CEO, Tony Catalano, Executive Vice President and COO and Mike Urban, CFO. These experienced energy executives were most recently associated with the highly successful Sago Energy, LP, a midstream energy company also backed by Haddington Ventures. In 1998, Messrs....

IACX Energy Formed to Provide Small Scale Nitrogen and CO2 Removal Solutions to Natural Gas Producers

noemail@hvllc.com — Mon, 12 Feb 2007 16:00:00 GMT

Dallas, Texas (February 12, 2007)—Haddington Ventures, LLC and Inter-American Corporation announced today that they have formed a new midstream energy venture, IACX Energy LLC (IACX). Haddington Energy Partners III, LP, a fund managed by Haddington, has made an initial commitment of $10 million to the new venture. IACX provides low-cost processing alternatives for upstream producers looking to unlock value in stranded, low-BTU gas reserves. Estimated to represent 23 percent of the proved domestic natural gas base, low-BTU reserves are methane deposits with unacceptable percentages of nitrogen and/or carbon dioxide. These inert contaminants can lower the combustibility or BTUs per cubic foot of gas to levels below that of typical pipeline specifications. IACX builds, owns, and operates proprietary pressure swing adsorption processing assets that extract nitrogen and carbon dioxide from contaminated gas streams. IACX’s technology is especially notable because of its...

Bobcat Receives FERC Permit to Construct Gas Storage Facility

noemail@hvllc.com — Tue, 25 Jul 2006 22:00:00 GMT

HOUSTON, Texas (July 25, 2006) – Bobcat Gas Storage (Bobcat) announced today that it has received authorization from the Federal Energy Regulatory Commission (FERC) to construct and operate its high-deliverability natural gas storage facility in St. Landry Parish, Louisiana. The FERC certificate grants Bobcat authorization to construct and operate the facility under Section 7(c) of the Natural Gas Act. The certificate also approved Bobcat’s request for market-based rate treatment.

Once completed in 2008, Bobcat is expected to be an extremely important balancing facility supporting the commercial operations of power generators, pipelines, utilities, energy merchants and liquefied natural gas (LNG) terminals in the Gulf Coast area. Bobcat’s premium interconnections with five interstate pipelines, including Texas Eastern Transmission, L.P., Transcontinental Gas Pipeline Company, Florida Gas Transmission, Gulf South Pipeline and ANR Pipeline, as well as with the Cypress Louisiana intrastate pipeline system, will offer customers diverse supply and market access.

Bobcat received FERC approvals to develop two salt caverns with a total working gas capacity of 12.0 billion cubic feet (Bcf), injection capacity of 900,000 dekatherms (Dth) per day and maximum withdrawals of 1,200,000 Dth per day. The Bobcat facility will offer firm storage services as well as interruptible hub services from its six pipeline connections. Prospective customers seeking additional project information or wanting to discuss storage opportunities at Bobcat are asked to contact Jamie Craddock at (713) 320-0561. Additional information about the project is available at www.bobcatstorage.com.

Bobcat is being developed by Port Barre Investments, LLC. Port Barre Investments, LLC is indirectly owned by Haddington Energy Partners III LP, a private equity fund managed by Haddington Ventures, LLC. Haddington provides capital to the energy industry, including mid-stream oil and natural gas companies and electric generation, transmission, and distribution companies, with a focus on natural gas storage, gathering and processing, and other midstream activities.

FERC Issues Draft Environmental Impact Statement for the Calhoun LNG Terminal

noemail@hvllc.com — Wed, 05 Jul 2006 23:00:00 GMT

Houston – July 5, 2006 – Gulf Coast LNG Partners, L.P. (“GCLP”) announced today that on June 30, 2006 the Federal Energy Regulatory Commission (“FERC”) has issued the Draft Environmental Impact Statement (“DEIS”) for the proposed Calhoun LNG receiving terminal and associated pipeline. In the DEIS, FERC concludes that approval of the proposed project, with appropriate mitigating measures as recommended, would have limited adverse environmental impact.

The Calhoun LNG terminal to be located at The Port of Port Lavaca – Point Comfort, Texas will have two 160,000 cubic meter storage tanks with the ability to process an average of approximately 1.0 billion cubic feet (Bcf) per day of natural gas. The proposed Point Comfort Pipeline originating at the terminal will include 27 miles of 36-inch pipeline, and will connect with nine major pipelines including 5 interstate and 4 intrastate pipeline systems serving Texas and the Midwest, Northeast, and Southeast regions of the country.

“The DEIS is an important milestone for the project” said Rafael Garcia, GCLP’s Executive Vice President of Asset Development. “We are very excited about the achievement of this significant milestone and will continue to work closely with FERC, as well as project stakeholders, in order to support both the issuance of a Final Environmental Impact Statement (FEIS) and Final Order.”

Gulf Coast LNG Partners, L.P. is a Houston-based partnership formed between Gulf Coast LNG, LLC and Haddington Energy Partners II, LP, a private equity fund managed by Haddington Ventures, LLC.

Additional information about Gulf Coast LNG Partners, L.P. as well as the Calhoun LNG and Point Comfort Pipeline projects may be found at www.calhounlng.com.

Haddington Ventures Closes on $182 Million Private Equity Fund for Investments in Midstream Energy

noemail@hvllc.com — Tue, 27 Jun 2006 20:00:00 GMT

Houston, Texas (June 27, 2006) -- Haddington Ventures, L.L.C. announced today the closing of a new private equity fund with total committed capital of $182 million to be used for investments in the North American midstream energy industry. The new fund and its related vehicle are Haddington Energy Partners III, LP (Fund III).

Fund III illustrates Haddington Ventures’ continued commitment to building infrastructure in the midstream energy business and focuses on natural gas gathering, separation, treating, processing, compression, storage and intrastate pipelines. Fund III is seeking equity investment opportunities developed by experienced management teams in the $20-$50 million range with total enterprise value of $100-200 million. The Fund will also consider initial investments as low as $2-5 million, depending upon growth potential and follow-on investment opportunities.

Two important factors that set Haddington Ventures and Fund III apart from other private equity funds are operating expertise and the ability to build or buy facilities. Fund III will develop midstream assets and assume substantial construction risk as needed and will acquire assets or companies with strong upside potential. In addition, Fund III will target smaller, under-utilized assets needing operating improvements with the goal of making incremental investments to expand or improve the facilities to realize their full value.

A private equity firm specializing in the midstream energy industry, Houston-based Haddington Ventures has raised more than $320 million of capital since its formation in 1998. The professionals who comprise Haddington Ventures’ investment team have more than 100 combined years of operating experience in the midstream industry as well as a long history of working together. Among the participating investors in Haddington Ventures are large insurance companies, public and private pension groups, commercial banks and high net worth individuals.

Bobcat Gas Storage Announces Open Season Results

noemail@hvllc.com — Wed, 03 May 2006 15:00:00 GMT

HOUSTON, Texas (May 3, 2006) – Bobcat Gas Storage (Bobcat) recently concluded its non-binding Open Season for firm natural gas storage service at its proposed high-deliverability natural gas storage facility in St. Landry Parish, Louisiana. Bobcat is excited to announce that it received market-priced bids requesting more than five times the capacity offered by seventeen companies that are leaders in the energy industry. The value of the bids that Bobcat received in the Open Season indicates that the market participants are recognizing the value of holding flexible natural gas storage in their energy portfolios. Bobcat will immediately begin working with the top bidders to finalize service agreements and seek all approvals necessary to proceed with the development of the project. Bobcat has requested final FERC authorizations by July 15, 2006, which supports its targeted October 2007 in-service date.

The Bobcat Project will offer customers premiere interconnections with five interstate pipelines including Texas Eastern Transmission, L.P., Transcontinental Gas Pipeline Company, Florida Gas Transmission, Gulf South Pipeline and ANR Pipeline as well as the Cypress intrastate pipeline system. Details on the Bobcat project can be found on the project website at www.bobcatstorage.com.

Bobcat is being developed by Port Barre Investments, LLC. Port Barre Holdings, LLC and Port Barre Investments, LLC are owned by Haddington Energy Partners III LP, a private equity fund managed by Haddington Ventures, LLC. Haddington provides capital to the energy industry, including mid-stream oil and natural gas companies and electric generation, transmission, and distribution companies, with a focus on natural gas storage, gathering and processing, and other midstream activities.

Bobcat Gas Storage Announces Open Season

noemail@hvllc.com — Mon, 27 Mar 2006 15:00:00 GMT

Houston, TX – March 27, 2006 – Bobcat Gas Storage (Bobcat) announced today the start of an open season for service offerings at its proposed high-deliverability natural gas storage facility in St. Landry Parish, Louisiana. Bobcat will be located in close proximity to Eunice, Louisiana and the Henry Hub, two of the premier gas trading centers in the Gulf Coast region. As part of the storage project, Bobcat proposes to develop two salt caverns with a total working gas capacity of 12.0 billion cubic feet (Bcf), injection capacity of 900,000 dekatherms (Dth) per day and maximum withdrawals of 1,200,000 Dth per day. Bobcat has requested FERC authorizations by July 15, 2006 and is targeting an October 2007 in-service date. The Bobcat Project will offer customers premiere interconnections with five interstate pipelines including Texas Eastern Transmission, L.P., Transcontinental Gas Pipeline Company, Florida Gas Transmission, Gulf South Pipeline and ANR Pipeline as well as the...

Bobcat Gas Storage Files FERC Application

noemail@hvllc.com — Wed, 15 Feb 2006 19:00:00 GMT

Houston, TX – February 15, 2006 – Bobcat Gas Storage (Bobcat) filed an application requesting regulatory approval from the Federal Energy Regulatory Commission (FERC) to construct and operate a new, high deliverability storage project located in St. Landry Parish, Louisiana. Bobcat will be located in close proximity to Eunice, Louisiana and the Henry Hub, two of the premier gas trading centers in the Gulf Coast region. Bobcat is in a unique competitive position located between the production zone, where supply is gathered and aggregated, and the market zone, where larger diameter interstate pipelines make deliveries to energy consumers and businesses. This premier location allows Bobcat to access many different sources of supply and deliver to multiple market regions through its planned connection with five interstate and one intrastate pipeline systems. These superior interconnections maximize customer access while minimizing Bobcat's pipeline construction, interstate...

Calhoun LNG Project Secures EPC Contractor

noemail@hvllc.com — Thu, 19 Jan 2006 19:00:00 GMT

Houston, TX – January 19, 2006 – Gulf Coast LNG Partners, L.P. (GCLP) announced today two major accomplishments relating to the proposed Calhoun LNG Regasification Terminal located at The Port of Port Lavaca – Point Comfort in Calhoun County, Texas. GCLP has entered into a memorandum of understanding (MOU) with Tractebel Gas Engineering GmbH (Tractebel) for the detailed engineering, procurement and construction (EPC) of the proposed Calhoun LNG Terminal. Additionally, GCLP secured the remaining funding in Q4 2005 that will allow it to complete all of the development efforts necessary for the Calhoun LNG Terminal to reach project financing. Tractebel, a leader in the LNG industry, was chosen from a strong field of interested contractors. Tractebel will work with GCLP through a detailed, open-book engineering design process to provide a full-service Lump Sum Turnkey EPC Contract for the project over the coming months. Tractebel is a subsidiary of Tractebel...

Bobcat Gas Storage To Develop Louisiana Gas Storage Facility

noemail@hvllc.com — Tue, 06 Dec 2005 16:00:00 GMT

Houston, TX – December 6, 2005 – Bobcat Gas Storage (Bobcat) announced today that it has acquired the necessary rights for the development of a new, independent salt-cavern gas storage facility in Port Barre, Louisiana. This new, high deliverability storage project will be located close to Eunice, Louisiana and the Henry Hub, two of the premier gas trading centers in the Gulf Coast region. As part of the storage project, Bobcat proposes to develop two salt caverns with a total working gas capacity of 12.0 billion cubic feet (Bcf), with injection capacity of 600 million cubic feet (MMcf) per day and maximum withdrawals of 1 Bcf per day. Bobcat is planning the start of commercial operations during the fourth quarter of 2007. Bobcat will connect with the interstate pipeline systems of Florida Gas Transmission, Williams Gas Pipelines – Transco, Gulf South Pipeline, ANR Pipeline Company and Texas Eastern Transmission Company and the intrastate pipeline system of...

Gulf Coast LNG Partners, L.P. initiates Open Season on Point Comfort Pipeline Company

noemail@hvllc.com — Mon, 15 Aug 2005 18:00:00 GMT

Houston – August 15, 2005 – Gulf Coast LNG Partners, L.P. announced today that its affiliate, Point Comfort Pipeline Company, L.P., has initiated the open season for the marketing of natural gas pipeline transportation capacity on the proposed natural gas pipeline system interconnecting the planned Calhoun LNG marine receiving terminal located at the Port of Port Lavaca – Point Comfort in Calhoun County, Texas. The 30-day binding open season begins today and will conclude at 4:00 p.m. (CST) on September
14, 2005.

The Point Comfort Pipeline will consist of 27 miles of 36-inch pipeline designed to transport one billion cubic feet (Bcf) per day of natural gas from the Calhoun LNG terminal. The pipeline will connect to the local industrial markets and to the major interstate and intrastate pipelines in the region accessing over 4 Bcf of pipeline takeaway capacity, allowing it to reach two-thirds of the natural gas consumers in the U.S. as well as Northern Mexico. The planned pipeline connections include the Channel/HPL JV Pipeline, Florida Gas Transmission, Kinder Morgan – Tejas Pipeline, Enterprise (Valero) Pipeline, Gulf South Pipeline, Kinder Morgan Texas Pipeline, Natural Gas Pipeline of America, Transco Pipeline, and the Tennessee Gas Pipeline.

Inquiries about the Open Season and document request should be directed to Robert Epps at the contact information listed above.

Gulf Coast LNG Partners, L.P. is a Houston-based partnership formed between Gulf Coast LNG, LLC and Haddington Energy Partners II, LP, a private equity fund managed by Haddington Ventures, LLC. Additional information about Gulf Coast Partners, L.P. and the Calhoun LNG and Point Comfort Pipeline
projects may be found at http://www.calhounlng.com