Jeff,

FYI. We completed the review of the LNG model.
The copy of the review is available if you want to take a look at it.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/17/2000 
04:26 PM ---------------------------


Bob Lee@ENRON
10/16/2000 01:53 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Zimin Lu/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT 
Subject: Completion of LNG Model Review

The review of Eric Groves' LNG Model spreadsheet has been completed.  No 
independent model was available for use in the comparison; however, the model 
appears complete and accurate in representating all important cost and 
revenue elements.

If this financial model is coupled with a optimization model for planning 
ship usage in the future, additional variables may be needed to represent the 
variability of trip times, weather factors, etc.  A reference describing 
these possible additions was provided.

Bob Lee