el paso 0803ClearyCOGA

Jim Cleary, president of El Paso Western Pipelines, presented on growth in Rockies pipeline infrastructure. The presentation discussed increasing natural gas production projections for the Rockies region and expanding pipeline capacity to export surplus supply. It noted that recent expansions like the Cheyenne Plains pipeline have helped reduce price differentials between the Rockies and Henry Hub. However, further expansions will be needed over the next decade to accommodate projected growth in Rockies gas supply and meet export demand at load factors of 85-100%. Cleary concluded that while gas is precious, transportation is cheap, and connectivity is priceless for monetizing Rockies gas production.