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El Paso to Sell Elba Island LNG Terminal, Stake in Gas Pipelines to Affiliate

Yesterday El Paso Corp. announced that it will sell its full ownership of Southern LNG Co., the owner of the Elba Island LNG import terminal, as well as the complete ownership of El Paso Elba Express Co., to El Paso Pipeline Partners LP. El Paso Corp. al
November 15, 2010

Yesterday El Paso Corp. announced that it will sell its full ownership of Southern LNG Co., the owner of the Elba Island LNG import terminal, as well as the complete ownership of El Paso Elba Express Co., to El Paso Pipeline Partners LP. El Paso Corp. also will sell its 60 percent stake in Southern Natural Gas Co.  According to Bloomberg, the total value of the transaction is $1.13 billion.

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