Transportation 2001 P

07/02/2001 -- Venezuela awards TotalFinaElf group Yucal Placer gas concessions
Venezuela has awarded a consortium headed by TotalFinaElf SA the Yucal Placer Norte and Yucal Placer Sur blocks. The award is part of a move to open the Venezuelan gas sector to private investment, said TotalFinaElf.
06/29/2001 -- Eleven Southeast transmission line owners to form RTO
Eleven owners of transmission systems across Alabama, Florida, Georgia, Mississippi, and South Carolina reported signing of a memorandum of understanding to develop a regional transmission organization for the Southeast. A filing with federal regulators is expected by Dec. 15.
06/29/2001 -- Analyst says power plant demand will overwhelm gas industry
Investment banker Williams Capital Group LP, New York, says US natural gas supply must rise a nearly "preposterous" 50% to more than 33 tcf by 2004 to serve electric generation in development. With 90% of a proposed 350,000 Mw of generating capacity scheduled to be gas-fired, unprecedented amounts of new net gas production will have to emerge in the next 3-5years, it said.
06/29/2001 -- Transportation news briefs, June 29
ENI ... Società Rete Gas Italia ... OCP Ecuador ... Techint SA ... Enbridge Pipelines ... Garneau
06/29/2001 -- Analyst says gas industry unprepared to serve power demand
Investment banker Williams Capital Group LP, New York, says natural gas supply must rise a nearly 'preposterous' 50% to more than 33 tcf by 2004 to serve electric generation in development in the next 4 years. With 90% of a proposed 350,000 Mw of generating capacity scheduled to be gas-fired, unprecedented amounts of new net gas production will have to emerge in the next 3-5years, it said.
06/29/2001 -- Georgia Power files plan to raise rates, build infrastructure
Georgia Power Co., a unit of Southern Co., Atlanta, said it is seeking a 7.5% rate increase spread over 5 years to help finance construction of new transmission lines and pollution control equipment. The company asked for a 1.5%/year increase to cover the cost of purchased power or of building new generating capacity. It also asked Georgia regulators to raise its authorized return on equity to 11-13.5% from the existing range of 10-12.5%.
06/29/2001 -- Colorado Interstate Gas proposes Colorado-Kansas pipeline
Colorado Interstate Gas, a subsidiary of El Paso Corp., has begun an open season for a pipeline to transport natural gas from the Cheyenne Hub in northeastern Colorado to Mid-Continent pipeline markets near Greensburg, Kan.
06/29/2001 -- Baby steps
In Washington, DC, it's been one step forward, two steps back on energy policy, industry officials say.
06/28/2001 -- Shell, El Paso Mexican LNG terminal to serve power demand
Shell Gas & Power and El Paso Global LNG, a subsidiary of El Paso Corp., will jointly develop a liquefied natural gas regasification terminal on Mexico's east coast. The $300 million terminal will target fast growing gas demand in northeastern Mexico, largely driven by electric power demand growth.
06/28/2001 -- US House votes to ban Great Lakes drilling, block gas line to Florida
The US House of Representatives Thursday approved an amendment to prohibit federal funds being spent in support of drilling in the Great Lakes or its tributaries, and to block the Gulfstream gas pipeline project from Mobile Bay, Ala., across the Gulf of Mexico to central Florida.
06/28/2001 -- Shell, El Paso plan LNG terminal for Mexico's East Coast
Shell Gas & Power, a group of companies owned by Royal Dutch/Shell Group, and El Paso Global LNG, a subsidiary of El Paso Corp., will jointly develop a liquefied natural gas regasification terminal at Altamira, Tamaulipas state, on Mexico's east coast.
06/28/2001 -- Senate Banking chairman seeks 5-year extension of Iran sanctions
Senate Banking Committee Chairman Paul Sarbanes (D-Md.) Thursday endorsed a 5-year extension of a controversial law designed to punish foreign oil companies that invest more than $20 million/year in Iran or Libya. A floor vote is not expected until Congress returns from a July 4 recess.
06/27/2001 -- Duke Energy, GPU to go ahead with gas pipeline project
Duke Energy International, a unit of Duke Energy Corp., and GPU GasNet, owner of the Victorian gas distribution network, have decided to jointly go ahead with the $250 million South Australian Gas Pipeline project.
06/26/2001 -- Co-op chief calls for US electric transmission reform
The existing system for moving electricity from region to region in the US is 'inadequate' and should be reformed, Glen English, CEO of the National Rural Electric Cooperative Association, testified Tuesday. He called for a plan that allows anyone to build regionally approved transmission lines that enhance the national grid and keeps transmission priced at low cost-of-service rates with a reasonable return on investment.
06/26/2001 -- Industry executive: California's demand for gas still exceeds supply
Despite conservation and market adjustments, California's demand for natural gas still exceeds its supply, an El Paso Corp. executive said Monday. The problem is that "the state does not have sufficient pipeline infrastructure to serve its needs," said Norma F. Dunn, senior vice-president of communications and government affairs.
06/26/2001 -- Transportation news briefs, June 26
BC Gas Utility ... El Paso Natural Gas ... OCP ... Maine Natural Gas ... Williams ... Dominion Transmission
06/26/2001 -- Edison Gas to buy LNG from RasGas project
Edison Gas SPA has agreed to buy 3.5 million tonnes/year of liquefied natural gas from Ras Laffan Liquefied Natural Gas Co. Ltd. (RasGas) for 25 years. Financial terms were not disclosed.
06/26/2001 -- CSO Deep Blue gets Na Kika work in Gulf of Mexico
Shell Exploration & Production Co. has awarded Coflexip Stena Offshore Inc. the contract to install infield flowlines and risers for the ultradeepwater Na Kika six-field development on Mississippi Canyon Block 474 of the US Gulf of Mexico. Coflexip's recently built construction vessel CSO Deep Blue will lay lines in 5,800-7,000 ft of water.
06/25/2001 -- Duke Energy plans gas storage facility in Mississippi
A unit of Duke Energy Corp. plans to leach out an underground salt dome to create a natural gas storage facility with 3-bcf initial capacity in Copiah County, Miss., officials said Monday.
06/25/2001 -- Plains All American to expand Cushing terminal by 1.1 million bbl
Plains All American Pipeline LP, Houston, plans to expand its Cushing, Okla., terminal facility capacity by 1.1 million bbl, bringing total capacity to 4.2 million bbl. Plains All American will award the contracts for the $11 million project in the next 2 months, and construction will begin shortly thereafter.

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Transportation 2001 P