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El Paso Corp. Announces Purchase of Gulf LNG Stake

Yesterday, El Paso Corp. announced that it has purchased a 50% stake in the proposed Gulf LNG regasification terminal. The Houston Chronicle reports that the stake cost El Paso $294 million and that Houston investors Crest Group and Sonangol USA will ret
November 28, 2007

Yesterday, El Paso Corp. announced that it has purchased a 50% stake in the proposed Gulf LNG regasification terminal. The Houston Chronicle reports that the stake cost El Paso $294 million and that Houston investors Crest Group and Sonangol USA will retain the remaining shares.

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