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Gold/Mining/Energy : LNG -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (405)	5/12/2005 9:57:18 AM
From: Dennis Roth	Respond to of 919

Matrix Service Company Announces Definitive Agreement for $126 Million to Construct LNG Tanks Thursday May 12, 6:00 am ET biz.yahoo.com TULSA, Okla., May 12 /PRNewswire-FirstCall/ -- Matrix Service Co. (Nasdaq: MTRX - News), a leading industrial services company, today announced that Matrix Service Inc., its wholly owned subsidiary, in collaboration with Mitsubishi Heavy Industries, Ltd.'s wholly owned subsidiary, Diamond LNG LLC, has executed a Lump Sum Turnkey Agreement with Bechtel Corporation for the engineering and construction of three 160,000 cubic meter single containment Liquefied Natural Gas (LNG) tanks for Cheniere Energy, Inc.'s (Amex: LNG - News) wholly owned limited partnership, Sabine Pass LNG, LP. The tanks will be located in western Cameron Parish, Louisiana. Construction is currently underway at the site, with tank construction expected to begin in July. The terminal is scheduled to be operational in 2008. The Lump Sum Turnkey agreement is valued at approximately $126 million, of which Matrix will receive approximately $97 million. Mike Hall, President and CEO of Matrix Service, said, "Matrix Service is very excited to be working with Sabine Pass LNG, LP., Bechtel and Mitsubishi Heavy Industries, Ltd. on the LNG receiving terminal projects in Cameron Parish, Louisiana. We continue to be impressed with Cheniere's professionalism and ability to expedite the development of LNG terminal projects in the Gulf Coast. We also look forward to working with Bechtel, who we regard as an extremely qualified EPC provider to this industry. Our team is very confident and will dedicate the resources required to make the project a success for Bechtel and Sabine Pass LNG, LP." About Matrix Service Company Matrix Service Company provides general industrial construction and repair and maintenance services principally to the petroleum, petrochemical, power, bulk storage terminal, pipeline and industrial gas industries. The Company is headquartered in Tulsa, Oklahoma, with regional operating facilities located in Oklahoma, Texas, California, Michigan, Pennsylvania, Illinois, Washington, and Delaware in the U.S. and Canada. [snip]

To: Dennis Roth who wrote (405)	11/7/2005 3:54:00 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 919

Chevron unit secures pipeline capacity to move LNG to US markets Washington (Platts)--7Nov2005 Chevron Global Gas Monday said it had signed a binding agreement with Kinder Morgan Energy Partners LP to be one of the anchor shippers in a 3.2 Bcf/d pipeline system that will be connected to Cheniere Energy's Sabine Pass liquefied natural gas terminal in Cameron Parish, Louisiana. Chevron said the agreement provides it with up to 1 Bcf/d of capacity in the new pipeline and 600,000 Mcf/d interconnect capacity to the existing pipeline operated by Kinder Morgan Inc's Natural Gas Pipeline Company of America that is adjacent to the Sabine Pass LNG terminal site. The new pipeline system will provide access to Chevron's Sabine and Bridgeline pipelines, which connect to Henry Hub, the company said. "This agreement is key to advancing Chevron's effort to provide the US market with new sources of natural gas, and is a significant step forward in our overall strategy of building complete gas value chains," John Gass, president of Chevron Global Gas, said in a statement. "This pipeline, combined with our capacity in the Sabine Pass LNG terminal, will allow us the unique opportunity to flexibly link all key consuming markets east of the Rockies with Chevron's LNG projects," said Randy Curry, president of Chevron Natural Gas. Subject to regulatory approvals, the proposed 137-mile pipeline would extend to Evangeline Parish, Louisiana, and connect with 11 interstate pipelines that serve the eastern half of the US. The new pipeline is planned to be in service in 2009, coinciding with Chevron's Sabine Pass terminal commitments, the company said. For more information, take a trial to Platts Electricity Alert at electricityalert.platts.com.