BELLAIRE, Texas, June 29 /PRNewswire/ -- Chevron Pipe Line Company
announced today that it plans to expand its Keystone Gas Storage facility
in West Texas by an additional 2 billion cubic feet (Bcf) for a total
working gas capacity of 7 Bcf. The facility's withdrawal capability is 400
million cubic feet per day (mmcf/d) and injection capability is 160 mmcf/d.
The expansion is expected to increase injection capability to 200 mmcf/d.
"The Keystone expansion demonstrates Chevron's continued commitment to
the natural gas storage business, and Chevron Pipe Line is well positioned
to help supply the region's increasing demand for natural gas," Rebecca
Roberts, President of Chevron Pipe Line Company, stated.
The company placed a fifth cavern in service during the fourth quarter
2006. Completion of the facility's sixth and seventh caverns is expected in
early 2010.
Keystone will hold an open season during the third quarter of 2007 to
secure expressions of interest in firm gas storage services for the 2 Bcf
of total capacity from the two proposed caverns. The project has received
approvals and permits to develop these caverns from the Texas Railroad
Commission.
Located in the Permian Basin production region, Keystone is a high
deliverability salt cavern natural gas storage facility that connects to
the El Paso Natural Gas, Transwestern Gas Company and Northern Natural Gas
Company pipelines. These connections allow Keystone to serve customers and
consumers in Texas as well as the Midwestern and Western interstate
regions. Keystone has been in service since September 2002.
More information on Chevron Pipe Line Company is available at
http://www.chevron-pipeline.com.
Interested parties should contact Anne Fiedler at 713-432-2459 for more
information about Keystone's open season process or to obtain an
information package.
SOURCE Chevron Pipe Line Company
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Related links:
http://www.chevron-pipeline.com
CONTACT:
Santana Gonzalez, Bellaire, TX, of Chevron
Pipe Line Company, +1-713-432-3729; or Margaret Cooper of
Chevron, +1-832-854-6239
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