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---------------------- Forwarded by Scott Neal/HOU/ECT on 06/19/2000 05:05 PM
--------------------------- Barry Steinhart@ENRON 06/09/2000 02:04 PM To: Jeffrey A Shankman/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT cc: Subject: LNG: Cove Point LNG Completes Open Season With 3 Pacts FYI Cove Point (Maryland) is scheduled to open late 2001. It offers 4.25 bcf of current storage, and a sendout capacity of 750,000. ---------------------- Forwarded by Barry Steinhart/Corp/Enron on 06/09/2000 01:58 PM --------------------------- djcustomclips@djinteractive.com on 06/09/2000 12:11:24 PM Please respond to nobody@mail1.djnr.com To: 196816@mailman.enron.com cc: Subject: LNG: Cove Point LNG Completes Open Season With 3 Pacts Cove Point LNG Completes Open Season With 3 Pacts 06/09/2000 Dow Jones Energy Service (Copyright © 2000, Dow Jones & Company, Inc.) HOUSTON -(Dow Jones)- Cove Point LNG Limited Partnership, a subsidiary of Columbia Energy Group (CG) Friday completed its open season for firm liquid natural gas (LNG) tanker discharging service at its Cove Point terminal near Lusby, Md., the company said. Cove Point LNG executed binding agreements with Coral LNG Inc., El Paso Merchant Energy-Gas, LP (EPG) and a subsidiary of BP Amoco Corp. (BPA). The three customers will begin service agreements upon receipt of regulatory approvals. The open season process for the proposed service began Feb. 16, with the new service providing 4.25 billion cubic feet of storage capacity and 750 million cubic feet per day of terminal and pipeline capacity to accommodate LNG imports by the three companies. The open season agreements also provide for a 2.5 Bcf (vapor equivalent) storage capacity expansion of Cove Point's Lusby, Md. location. Cove Point anticipates filing an application with the Federal Energy Regulatory Commission to provide the LNG tanker discharging service, to recommission Cove Point marine facilities and to construct new storage facilities including the new LNG storage. Columbia Energy Group agreed to sell partnership interests in Cove Point LNG Limited Partnership to Williams Cos. (WMB) subsidiaries for $150 million. The transaction should be complete in July, the companies said Friday. -By John Edmiston; Dow Jones Newswires, 713-547-9209; john.edmiston@dowjones.com Folder Name: LNG Relevance Score on Scale of 100: 98 ______________________________________________________________________ To review or revise your folder, visit http://www.djinteractive.com or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.) ______________________________________________________________________ Copyright © 2000 Dow Jones & Company, Inc. All Rights Reserved
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