Enron Mail

From:marc.janichen@enron.com
To:eric.gonzales@enron.com, jonathan.whitehead@enron.com, greg.curran@enron.com,doug.arnell@enron.com, clay.harris@enron.com, wayne.perry@enron.com, dan.masters@enron.com, brad.hitch@enron.com, satish.venkataraman@enron.com, sertac.yener@enron.com, zde
Subject:Follow up from LNG Strategy Meeting
Cc:
Bcc:
Date:Thu, 19 Apr 2001 10:08:00 -0700 (PDT)

Atlantic Priorities:
Access/Create North American Terminal Capacity
1) Elba
- finalize definitive agreement
- negotiate blending solution with El Paso to import higher BTU supplies
2) Bahamas
- focus on Florida permitting
- shorten completion schedule
- resolve downstream transport issues
3) US West Coast
- project concept development
- consider strategic partnerships and supply sources
Manage/Upgrade Basis positions downstream of Terminals (Elba, Bahamas, West
Coast)
Secure Supply for North America Terminal positions
1) Venezuela
- receive Venezuela nat gas export approval (increase lobbying effort using
Lay, US govt, etc)
- gain agreement and execute GSA, Shareholders agreement
- position asset implementation team for quick release and implementation
2) Purchase LNG from 3rd Party producers
- Nigeria LNG
- BG Egypt
- Trinidad (BP, BG, Repsol)
- Angola LNG

Pacific Priorities:
DPC resolution
Execute SPA's for utilization/monetization of HG, Excalibur, and Elba
terminal postions during the period of 2002-2005/7
- Incorporate diversion rights to Far East and Europe
Contract Lakshmi capacity for EGM merchant trade
Conclude Master Agreements:
- Kogas (winter cargos for 1-3 year term)
- Itochu
- Osaka Gas
- Pertamina
- Adgas (FOB)
Execute Petronas MOU for US West Coast supply
Project Support:
- Mikawa Bay Terminal and other terminal opportunities (Japan)
- SK/Enron on Posco Terminal (Korea)

Internal Objectives:
utilize the LNG fundamentals group to identify desired directional trade
positions
improve working relationship with ENA gas & EGM crude desks for tighter
pricing
improve shipping position and leverage on newbuild options (if available)
identify additional LNG market bottleneck opportunities
implemet fuel management agreements (Puerto Rico & DPC)
identify potential upstream opportunities (ie partnerships, working interest)
where EGM gains LNG offtake rights