MOBIL PLANS TO ACQUIRE SHARE IN MOBILE BAY LINE
Mobil Natural Gas Inc. plans to acquire an interest in Transco Energy Co.'s Mobile Bay, Ala., pipeline system. The acquisition is subject to Federal Energy Regulatory Commission approval. Mobil and Transcontinental Gas Pipe Line Corp. (TGPL) agreed to form a partnership to purchase the pipeline facilities. They will each have a 50% interest in the partnership with TGPL as operator.