New LNG facility in New York

El Paso Corporation and GDF Energy, Inc., a subsidiary of Gaz de France, have announced an open season today for the proposed development of 3.0 billion cubic feet (Bcf) of high- deliverability natural gas storage capacity from a new facility to be constructed in Schuyler County, New York. The facility will be capable of providing 10-day withdrawal service and 20-day injection service. Proposed interconnects will be with Dominion Transmission and Tennessee Gas Pipeline Company. The capacity is anticipated to be available for service October 2004. Depending on market support, the facility may be expanded over multiple phases to a total capacity of up to 10 Bcf. Crystal Gas Storage, Inc., a subsidiary of El Paso Corporation, will own El Paso Corporation’s interest in the facility.

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