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Transportation 2000 P19

  • 06/05/2000 -- TCGP's woes multiply with threat of competing Caspian gas export line
    BP Amoco PLC, operator of the Shah Deniz development in the Caspian Sea off Azerbaijan, has revealed its intention to export natural gas from Shah Deniz field to Turkey starting as early as 2002. The plan sets up yet another hurdle for Turkmenistan and the backers of the planned Trans-Caspian Gas Pipeline, which has been plagued by setbacks in recent months (OGJ Online, May 30, 2000).
  • 06/02/2000 -- RSPA wants to fine Olympic Pipeline $3 million
    The US Department of Transportation's Research and Special Programs Administration (RSPA) Friday proposed a record $3.05 million civil penalty against Olympic Pipeline Co. The fine, by RSPA's Office of Pipeline Safety (OPS), was the largest ever proposed against a pipeline operator for safety violations.
  • 06/02/2000 -- Midwest ISO $100 million debt offering oversubscribed
    Institutional investors quickly oversubscribed the Midwest Independent Transmission System's first long-term debt offering of $100 million, CEO Matthew C. Cordaro said Friday. Funds from the 8.75% notes, scheduled to mature in 2012, will be used to pay for the MISO's integrated control center communications systems as well as its preoperational start-up costs.
  • 06/02/2000 -- Nigeria LNG sells first spot cargo to US
    CMS Energy Corp., Dearborn, Mich., has purchased a spot cargo of liquefied natural gas from the Nigeria Liquefied Natural Gas Co. The cargo was lifted by the vessel LNG Delta May 25 and is scheduled to arrive at CMS Energy's Lake Charles, La., receiving terminal June 11.
  • 06/01/2000 -- MLNG Tiga signs preliminary gas supply agreement
    Malaysia LNG Tiga Sdn. Bhd. (MLNG Tiga) has signed a confirmation of intent (COI) with a consortium of three Japanese customers�Tokyo Gas Ltd., Toho Gas Co Ltd. and Osaka Gas Co Ltd. Under terms of the COI, MLNG Tiga will supply up to 1.6 million tonnes/year of LNG for 20 years beginning in 2004.
  • 05/31/2000 -- Canadian firm to build Guatemala power plant
    Powerhouse Energy Corp., Vancouver, BC, said Tuesday it signed an agreement with Selmeca Ltda. Servicios Electromecanicos of Guatemala to build and operate a $31 million hydroelectric power plant.
  • 05/31/2000 -- Electric Power news briefs, May 31
    Oneok Power Marketing � Enron Energy Services ... Prudential ... Virginia Power ... Dominion Resources ... Cancarb Ltd. ... FuelCell Energy Inc. ... DaimlerChrysler ... Datamatic.com ... Pepco Energy Services ... SmartEnergy.com ... Essential.com ... Usource
  • 05/31/2000 -- Oklahoma Natural Gas cuts rates $20 million/year
    Oklahoma Natural Gas Co. customers will pay about $20 million/year less for gas under the terms of an order approved by the Oklahoma Corporation Commission. Commissioners adopted an agreement negotiated between the company, the commission staff and the Oklahoma attorney general's office.
  • 05/31/2000 -- ONG to lower gas utility rates
    Oklahoma Natural Gas Corp. (ONG), Oklahoma City, said its customers will pay less for gas utility services under terms of an order approved Tuesday by the Oklahoma Corporation Commission. ONG says it will be able to better position itself for a more competitive energy marketplace through the agreement, which was negotiated between ONG, the Commission staff, and the Oklahoma Attorney General's office.
  • 05/30/2000 -- Prospects for Trans-Caspian Gas Pipeline wane
    Despite a report by a source close to the Trans-Caspian Gas Pipeline project indicating that the project backers are prepared to finance the estimated $2 billion construction cost themselves, Turkmenistan's President Niyazov still appears doubtful about the prospects for TCGP. He says construction may be delayed until all disputes are settled. Meanwhile, Iran has declared it opposes the pipeline for environmental reasons.
  • 05/26/2000 -- Iran to allow foreign investment in Caspian projects via buy-back scheme
    The Iranian Majlis (Parliament) has approved a bill that gives National Iranian Oil Co. (NIOC) the right to enter into contracts with foreign firms to explore for and develop offshore resources on Iran's Caspian Sea shelf. The bill allows for foreign investment in Iran's oil and gas sector through the country's buy-back scheme. The measure may complicate the delicate balance of power in the Caspian Sea, where five littoral states disagree about territory ownership.
  • 05/25/2000 -- Russia, Kazakhstan to form gas JV
    Gazprom Chief Executive Rem Vyakhirev and Kazakh Prime Minister Kasymzhomart Tokayev have agreed to form a Russian-Kazakh natural gas joint venture. Kazakhstan will contribute its Kaztransgaz company to the venture, Tokayev's press secretary, Rasul Zhumali, said. Gazprom will replace the Belgian company Tractebel as the exporter of Kazakhstan's gas. The documents forming the venture will likely be signed in June.
  • 05/25/2000 -- Russia, Kazakhstan
    to form gas JV

    Gazprom Chief Executive Rem Vyakhirev and Kazakh Prime Minister Kasymzhomart Tokayev have agreed to form a Russian-Kazakh natural gas joint venture. Kazakhstan will contribute its Kaztransgaz company to the venture, Tokayev's press secretary, Rasul Zhumali, said. Gazprom will replace the Belgian company Tractebel as the exporter of Kazakhstan's gas. The documents forming the venture will likely be signed in June.
  • 05/24/2000 -- General interest news briefs, May 25
    City of Red Deer ... Enmax Corp. ... Al Manhal International Group ... Australia LNG ... Gopalpur LNG ... Vivasi Oil & Gas Ltd. ... Russian Natural Resources Ministry
  • 05/24/2000 -- Uganda seeks power sector investors
    Power-short Uganda is set to implement electricity sector reforms put in motion last year, including privatization of the Uganda Electricity Board. Government representatives have scheduled meetings with potential international investors in Kampala June 22, according to a statement released Wednesday.
  • 05/24/2000 -- Peru, Ecuador sign pipeline prefeasibility agreement
    Peru and Ecuador have taken another step forward in discussions on a possible joint pipeline project linking their oil transport systems. The two countries' energy ministers signed an agreement May 23 to undertake joint studies on the linking of Ecuador�s southeastern oil fields with the 200,000 b/d North Peruvian Pipeline.
  • 05/24/2000 -- Indonesia signs seven E&P deals
    Indonesia has signed seven exploration and production contracts that will be worth $112 million over the next 10 years. In a related move, state oil and gas company Pertamina has revised an important LNG transportation contract, saving $60 million.
  • 05/23/2000 -- Substantial gas demand growth predicted for Dubai, Abu Dhabi, Oman
    New studies show natural gas demand for reinjection into aging oil wells and for power and industrial uses will rise substantially in Dubai, Abu Dhabi, and Oman. Total demand is expected to each 112 billion cu m in 2005.
  • 05/22/2000 -- El Paso signs Brazilian power purchase agreement
    El Paso Energy International, a unit of El Paso Energy Corp., Houston, has signed a power purchase agreement for the second phase of the Termonorte thermal power project. Located in Porto Velho, Brazil, the second phase of the project will supply 345 Mw of power to the state of Rondonia in western Brazil.
  • 05/22/2000 -- JAPAN IN FLUX:
    Japanese power market deregulation attracts foreign firms

    Japan's recently deregulated power and gas sectors are beginning to feel the effects of stiff competition from newcomers. In the latest move, US energy giant Enron Corp. has set up a wholly-owned subsidiary in Tokyo to penetrate Japan's energy and financial sectors. Enron's move comes as a number of foreign and domestic companies consider entering Japan's electricity market, which was partially liberalized in March when the supply monopoly by the nation's 10 regional electric utilities ended.
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