Platts Energy Bulletin

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Jan 21, 2002

What's New on platts.com?
Platts Enron Report: Read about the implications of Enron's bankruptcy on the
financial and energy communities.
(http://www.platts.com/features/enron/index.shtml)

US Markets Calendar: The week-ahead for US markets: Jan 21-25, 2002.
(http://www.platts.com/risk_management/futures/index.shtml#2)

Futures Round-up
IPE Brent Focus: IPE Brent unchanged amid lack of fresh news, US holiday
London's International Petroleum Exchange Brent futures began early electronic
trading session Monday largely unchanged from Friday's settle of $18.45/bbl amid
lack of fresh market-moving news and a US holiday Monday. By 0827 GMT, March
Brent was bid and offered at $18.42/bbl and $18.58/bbl, respectively, unchanged
from Friday's settlement price.

News Round-up
Click on the headlines below or paste the URLs provided in your internet browser
to see the full story.

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OIL:
Gaz de France to take 5% equity stake in Egypt LNG JV
Gaz de France said Monday it had signed an agreement with BG Group, Italy's
Edison and the Egyptian state oil and gas companies for the purchase of 3.6-mil
mt/yr of LNG in a 20-year agreement and the acquisition of a stake in a
liquefaction plant project. (http://www.platts.com/archives.shtml#57933)

NATURAL GAS:
Russia, Turkmenistan close to Caspian Sea compromise
Russian and Turkmen experts working to resolve a ten-year dispute over the
Caspian Sea's legal status are moving towards a compromise, and a general
agreement on the ownership and management of the offshore area should be ready
for signing during 2002, Russian President Vladimir Putin said in remarks
broadcast by television Monday. (http://www.platts.com/archives.shtml#57938)

PETROCHEMICALS:
PetroChina's 2001 ethylene output up 5.1% to 1.57-mil mt
China's state-owned refiner and petrochemical producer PetroChina produced
1.571-mil mt of ethylene in 2001, up 5.08% over the previous year's 1.495-mil
mt, the company announced in an unaudited report for 2001.
(http://www.platts.com/archives.shtml#57929)

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ELECTRIC POWER:
Enron collapse due to failed business model:Andersen CEO
The head of accounting firm Andersen said Sunday that the collapse of energy
giant Enron was due to the failure of the company's business model.
(http://www.platts.com/archives.shtml#57932)

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