SOURCE: Industrial Info Resources

December 03, 2007 06:26 ET

El Paso Corporation Acquires Stake in Gulf LNG Project, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 3, 2007) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Southern Natural Gas Company, a subsidiary of the El Paso Corporation (NYSE:EP), has acquired a 50% stake in the Gulf LNG Clean Energy project. The Gulf liquefied natural gas terminal will be built near Chevron's refinery complex in Pascagoula, Mississippi. Sonangol USA owns 20%, and a group of Houston-based investors, the Crest Group, owns 30%.

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