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.