In addition, ChevronTexaco has received a public license for an offshore concession to construct and operate its offshore natural gas import terminal.

We are pleased to be awarded these authorizations from the Mexican federal government after participating in a comprehensive and rigorous permitting process, said John Gass, president of ChevronTexaco Global Gas.

These important new milestones, together with the previously received environmental authorization from the Environment and Natural Resources Secretariat, move us a step closer to being able to import essential supplies of natural gas to help meet Mexico’s long-term energy needs.

ChevronTexaco’s terminal will be designed to have an initial capacity of 700 million cubic feet of natural gas per day and can be expanded based on future demand. The terminal will be located more than eight miles offshore and will be designed with state-of-the-art safety and environmental standards, the company added.