LNG Cited as strategic benefit of ChevronTexaco/Unocal Merger

Just days after being accusedof trying to corner the liquefied natural gas market in California, the geniuses in the PR department at ChevronTexaco are citing it as one of the "strategic benefits" of their Unocal acquisition:

ChevronTexaco indicated the Unocal assets would provide an enhanced presence in several of the company's core areas of operations, including:

Asia Pacific - The combination of the two companies will place ChevronTexaco in the top tier of natural gas producers and marketers in this expanding and strategically important region. ChevronTexaco would become the top oil and gas producer in Thailand. In Indonesia, extensive oil and gas producing operations offshore in both the shelf and deepwater areas will augment ChevronTexaco's significant oil production, principally onshore. Unocal also markets through the Bontang LNG plant in Indonesia, complementing ChevronTexaco's current LNG production in Australia, as well as ChevronTexaco's planned development of natural gas fields in the greater Gorgon area of Australia and the shipment of LNG to markets in Asia and North America.

Someone alter the FTCR!