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Enron Mail |
Does Matt have time to do all the LNG work? My guess is that he may have the
time. Mark Alan Aronowitz 03/02/2001 02:28 PM To: Mark E Haedicke/HOU/ECT@ECT cc: Subject: Singapore Office LNG Support Activities FYI. This will greatly impact Matt's workload and availability for potential EBS activities. I would like to visit with you about this. Regards, Alan ----- Forwarded by Alan Aronowitz/HOU/ECT on 03/02/2001 02:26 PM ----- Daniel R Rogers@ENRON_DEVELOPMENT 03/02/2001 12:27 PM To: Alan Aronowitz/HOU/ECT@ECT cc: Subject: Singapore Office LNG Support Activities Alan, As we discussed the other day, I'm forwarding my "work list" of projects either currently or soon to be underway that will be led by V V Rao's team out of Singapore (with support from Dubai and Houston): 1. Australia -- Northwest Shelf LNG "Wedge Quantities" bid. Proposal for mid-term, firm (but declining over time) LNG supply for merchant trading activities prepared and being sent to NWS next week. Preparation and negotiations of SPA, transportation and marketing contracts to follow. 2. Australia -- Northwest Shelf LNG Master Spot LNG Trading Agreement -- draft prepared and being sent to counterparty next week. Negotiations to follow. 3. Indonesia -- PERTAMINA Master Spot LNG Trading Agreement -- draft prepared and being sent to counterparty next week. Negotiations to follow. 4. Japan -- Osaka Gas Co. Master Spot LNG Trading Agreement -- draft prepared and sent to counterparty. Expect responsive comments next week. Negotiations to follow. 5. Malaysia/Spain -- LNG fuel supply for Enron's Arcos IPP in Spain -- initial term sheet under development. Expect this one to heat up in the next few months. 6. Malaysia -- Malaysia LNG Master Spot LNG Trading Agreement -- draft prepared and will be sent to counterparty later in the month. Negotiations to follow. 7. Malaysia -- "Bintulu Hub" e-commerce venture with Malaysia LNG, Malaysia Int'l. Trading Co., Enron LNG Marketing and Enron Networks -- under development. Legal needs will depend somewhat on final deal format. Goal is to be set up for LNG commodity and LNG transportation capacity e-trading (possibly on a Deal Bench auction site platform) by year-end. May expand to cover crude oil commodity and transportation capacity trading as well following recent meetings in London. 8. Japan -- LNG Receiving Terminal & gas and power marketing joint development project with Enron LNG Marketing LLC, BHP and EnCom. Initial draft of joint development MOU prepared. Negotiations to follow. 9. Korea -- KOGAS Winter Cargo Supply & Transportation Opportunities -- under develoopment. Various MOU drafts have been exchanged, but deal structure and timing keep moving around. Legal needs will ultimately depend somewhat on final deal format. 10. Master LNG Vessel Transportation Capacity Access/Trading Agreements -- under early development, but should accelerate to match pace of no. 7 above. Document will then be used to propose access to numerous other LNG vessel owners/charterers who may wish to participate with Enron in making a market for spare transportation capacity. Initial draft underway in Houston, but may be handed off to Singapore at some point. As you can see, there's presently quite a lot of activity being undertaken from Singapore. Much of this has arisen since the beginning of this year. Nancy and I have been involved in preparing initial drafts, providing comments, etc. from Houston (and occasional fly-in appearances) and V V presently has on-the-ground legal support from an excellent Linklaters Team based in Singapore. Matt Lee has now circled with V V's team and is undergoing both intensive commercial LNG training and intensive LNG trading contract training. I suspect that on average this year, we could easily use 70-100% of Matt Lee's time (depending on how the above activities progress). Kind regards, Dan
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