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<b>WEDNESDAY, FEBRUARY 20, 2002</b>

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<font face="arial,helvetica,sans-serif" size="-1"><b>El Paso Corp raises precious cash from asset sale</b></font></a><br>

<font size="-1"><i>NEW YORK, Feb 19 (Reuters) -</i>

Energy firm El Paso Corp, struggling with a heavy load of debt, raised some precious cash on Tuesday by selling some of its natural gas transportation assets to El Paso Energy Partners for $750 million. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>PetroChina in talks for Husky Energy assets</b></font></a><br>

<font size="-1"><i>SINGAPORE/CALGARY, Alberta, Feb 19 (Reuters) -</i>

Top Chinese oil firm PetroChina is working on a multibillion-dollar bid for Husky Energy Inc.'s exploration and production assets, a deal that could end months of takeover speculation surrounding Canada's No. 5 integrated oil firm, senior Chinese industry sources said on Tuesday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Australian govt hopes gas sales aid PNG project</b></font></a><br>

<font size="-1"><i>CANBERRA, Feb 19 (Reuters)</i>

Australian Resources Minister Ian Macfarlane said on Tuesday he hoped an early agreement to build a natural gas pipeline from Papua New Guinea to Australia would lead to gas sales in Australia and secure the project. 

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<b>Enron Debacle</b>

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<font face="arial,helvetica,sans-serif" size="-1"><b>Employees Committee Could Alter Dynamic of Enron's Efforts to Rebuild</b></font></a><br>

<font size="-1"><i>By Eric Berger, Houston Chronicle, Feb. 19</i> 

During another withering hearing in a New York bankruptcy court last week, in a rare personal moment, Enron's lead attorney explained what he tells those who ask how the case is going: 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Advocates Say Energy Regulatory Commission Members Unfairly Tarnished by Enron</b></font></a><br>

<font size="-1"><i>By Frank Reeves, Pittsburgh Post-Gazette, Feb. 19</i> 

Patrick Wood and Nora Brownell, President Bush's appointees to the Federal Energy Regulatory Commission, haven't been getting the best press lately. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Florida Is Rejected As Lead Enron Plaintiff</b></font></a><br>

<font size="-1"><i>By Helen Huntley, St. Petersburg Times, Fla., Feb. 19</i> 

A federal judge has bluntly questioned Florida's effort to sue Enron and its accountants for securities fraud in the loss of more than $300-million from the state's pension funds. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>E-mail from Chicago to Houston Could Hold Key to Enron Shredding</b></font></a><br>

<font size="-1"><i>By Cam Simpson, Chicago Tribune, Feb. 19</i> 

It didn't carry a computer virus that wiped out every Enron file, but an extraordinary e-mail from Chicago to Houston may have produced similar results. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Williams `Not Enron,' CEO Says</b></font></a><br>

<font size="-1"><i>By Russell Ray, Tulsa World, Okla., Feb. 19</i> 

Long before the collapse of Enron Crop., when the stock was prized by investors, Williams Cos. Inc. couldn't escape doubting analysts who wondered why the Tulsa company hadn't adopted the trading style of its more successful peer, the chief executive of Williams said Monday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Rivals Battled Enron In Energy Lobbying</b></font></a><br>

<font size="-1"><i>Feb 19, 2002 - washingtonpost.com</i> 

Just weeks after Enron Corp. Chairman Kenneth L. Lay wrote checks for $175,000 to the Republican Party in April 2000, executives and lobbyists from one of his arch rivals hosted a fundraiser in Alabama for Sen. Frank H. Murkowski (R-Alaska), then chairman of the Senate Energy Committee. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Senators, Former Employees Still Upset about Enron Debacle</b></font></a><br>

<font size="-1"><i>By Jerry Zremski, The Buffalo News, N.Y., Feb. 18</i> 

Senators pushed the weight of the world onto Kenneth L. Lay's shoulders Tuesday, saying he shares the blame for the loss of his employees' jobs and retirement savings, not to mention the energy crisis in California and the corruption of the American political system. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>European Traders Take Bonuses in Wake of Enron's Collapse</b></font></a><br>

<font size="-1"><i>Daily Mail, London, Feb. 18</i> 

A hundred traders shared bonus bonanzas of UKpound 24 million to help close the books at the European operations of US energy giant Enron, which collapsed under debts of UKpound 20 billion. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Denver-Area Experts Offer Scenarios on Where Enron Scandal May Lead</b></font></a><br>

<font size="-1"><i>By Tom McGhee, The Denver Post, Feb. 18</i> 

Top Enron executives could find themselves stripped of their fortunes and reading stock reports behind bars, some Denver-area experts say. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Former Enron Workers Look for Life after Company Collapse</b></font></a><br>

<font size="-1"><i>By Bill Murphy, Houston Chronicle, Feb. 18</i> 

They were the best, the brightest, the cream of the crop. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Andersen Almost Ready to Wrap Up Its Own Investigation into Enron Case</b></font></a><br>

<font size="-1"><i>By Delroy Alexander, Chicago Tribune, Feb. 19</i> 

Faced with speculation about a promised internal report into how its employees went about destroying documents relating to client Enron Corp., accounting giant Andersen and its law firm were hurriedly putting the finishing touches to their investigation Monday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Democratic National Chairman Has Two Enron-Type Skeletons Lurking</b></font></a><br>

<font size="-1"><i>By Ralph Z. Hallow, The Washington Times, Feb. 18</i> 

Democratic National Chairman Terrance M. McAuliffe, who has been trying to tie the Enron debacle to the Bush administration, has two Enrons in his closet. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>House Democratic Whip Pelosi Ties Enron to Picking Regulatory Chief</b></font></a><br>

<font size="-1"><i>By Joyce Howard Price, The Washington Times, Feb. 17</i> 

House Democratic Whip Nancy Pelosi said yesterday that she suspects Enron was involved in choosing the chairman of the Federal Energy Regulatory Commission. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Jarvis Entertainment wants to buy Enron subsidiary</b></font></a><br>

<font size="-1"><i>HOUSTON, Feb 19 (Reuters)</i> 

Jarvis Entertainment Group, Inc., an Internet technology and entertainment holding company, said on Tuesday it has initiated an offer to buy Enron Broadband Services from the bankrupt energy giant Enron Corp. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Canada reviews policy to avoid Enron replica</b></font></a><br>

<font size="-1"><i>OTTAWA, Feb 19 (Reuters)</i> 

The Canadian government has begun examining financial and accounting regulations to make sure no replica of the Enron debacle occurs in Canada, cabinet ministers said on Tuesday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>There's plenty to learn from Enron </b></font></a><br>

<font size="-1"><i>By Steve Butler Knight Ridder Newspapers, Feb 19, 2002 (Knight Ridder Newspapers - Knight Ridder/Tribune News Service via COMTEX) --</i> 

"If Enron was able to hide this the way they did, why couldn't other companies do it too?" 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Enron Scandal Not Funny to Accountants</b></font></a><br>

<font size="-1"><i>By John Taylor, Omaha World-Herald, Neb., Feb. 18</i> 

Did'ja hear the joke about the Arthur Andersen accounting firm and its audit of Enron Corp.? 

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<font face="arial,helvetica,sans-serif" size="-1"><b>FEATURE-Do-good mutual funds did not escape Enron fall</b></font></a><br>

<font size="-1"><i>By Martha Slud, NEW YORK, Feb 19 (Reuters)</i> 

The Pax World Balanced fund, which prides itself on its ethics, is one of the biggest mutual funds that promotes investing in good corporate citizens. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Enron investigation reveals Oklahoma losses </b></font></a><br>

<font size="-1"><i>By Heather Lepley, STILLWATER, Okla., Feb 18, 2002 (Daily O'Collegian, U-WIRE via COMTEX) --</i> 

Oklahoma Attorney General Drew Edmondson's investigation into several state agencies to determine losses from the financial collapse of Enron Corp. is showing millions of dollars lost. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Wisconsin state investment board pursues Enron lawsuit </b></font></a><br>

<font size="-1"><i>By Anna Vanderloop, MADISON, Wis., Feb 18, 2002 (Badger Herald, U-WIRE via COMTEX) --</i> 

The bankruptcy filing by the former energy giant Enron Corp. is causing serious repercussions for investors nationwide. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>ENRON MELTDOWN FORCES A SECOND LOOK AT THE ROLE OF CORPORATE DIRECTORS </b></font></a><br>

<font size="-1"><i>By Nick Snow in Washington, Feb 18, 2002 (Petroleum Finance Week/PBI Media via COMTEX) --</i> 

The repercussions of Enron Corp.'s spectacular collapse are so wide that they have extended to the corporate board room. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Enron Europe's creditors told to expect 25pc or less</b></font></a><br>

<font size="-1"><i>Feb 20, 2002 (The Australian Financial Review - ABIX via COMTEX) -- </i> 

Creditors of Enron Corporation's European arm will only receive, at best, $US0.25 in the dollar. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Denbury Sells Enron Claim for $9.2M</b></font></a><br>

<font size="-1"><i>Feb 18, 2002 - United Press International</i> 

Denbury Resources Inc. said Monday it has sold its claim in Enron Corp.'s bankruptcy for $9.2 million. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Enron Scandal Will Touch Everyone</b></font></a><br>

<font size="-1"><i>Feb 19 - Dayton Daily News</i> 

Americans who aren't employees or shareholders of Enron Corp. may think the massive corporate scandal doesn't touch them. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Enron Witness Is Genuine Hero, Oklahoma Family Says</b></font></a><br>

<font size="-1"><i>By Adam Wilmoth, The Daily Oklahoman, Feb. 16</i> 

Enron's collapse has affected thousands of people worldwide, but few were paying more attention to Thursday's congressional oversight committee hearing than Edmond resident Julie Reagan. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Enron's Collapse to Affect Accounting Rules for Tech Companies</b></font></a><br>

<font size="-1"><i>By David A. Sylvester, San Jose Mercury News, Calif., Feb. 18</i> 

The Enron scandal is sparking a broad reform movement to tighten financial and accounting practices -- and some of the key benefits won by Silicon Valley technology industries during the 1990s are caught in the crossfire. 

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<b>National Energy Policy</b>

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<font face="arial,helvetica,sans-serif" size="-1"><b>Agencies Told to Save All Records from Energy Task Force</b></font></a><br>

<font size="-1"><i>By Bennett Roth, Houston Chronicle, Feb. 17</i> 

The Bush administration said Saturday that it had ordered agencies to preserve all records pertaining to Vice President Dick Cheney's energy task force in response to an admonition from a federal judge. 

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<b>Mergers, Acquisitions & Divestitures</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2738320"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Reliance seeks BG joint bid for Enron India-source</b></font></a><br>

<font size="-1"><i>AHMEDABAD, India, Feb 19 (Reuters) -</i> 

British oil and gas major BG Group Plc has been asked to join Reliance Industries Ltd, the flagship of India's powerful Reliance Group, in bidding for bankrupt Enron Corp's $2.9 billion power project near Bombay, an industry source said on Tuesday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>BP hopes to sell Thailand JDA gas stake by year-end</b></font></a><br>

<font size="-1"><i>SINGAPORE, Feb 19 (Reuters)</i> 

Oil major BP hopes to sell a 25 percent stake in a petroleum exploration block in the Gulf of Thailand by the end of 2002, a company executive said on Tuesday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>E.ON's, Austria's OFG acquisition of Czech co JCP Cleared by EU </b></font></a><br>

<font size="-1"><i>BRUSSELS, Feb 19, 2002 (AFX-Europe via COMTEX) -- </i> 

The European Commission said it cleared the acquisition by E.ON AG and Oberoesterreichische Ferngas AG (OFG) of joint control of Jihoceska plynarenska as (JCP) of the Czech Republic. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>E.ON's Hartmann does not see US acquisition plans affected by Ruhrgas takeover </b></font></a><br>

<font size="-1"><i>DUESSELDORF, Feb 19, 2002 (AFX-Europe via COMTEX) -- </i> 

E.ON AG chairman Ulrich Hartmann said the company's planned acquisition of a majority stake in Ruhrgas AG, and any future strategic expansion plans with the gas company, will have no effect on E.ON's plans for further acquisitions in the US. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>E.ON, Ruhrgas consortium only bidder for Lithuanian gas utility </b></font></a><br>

<font size="-1"><i>VILNIUS, Lithuania, Feb 19, 2002 (AFX-Europe via COMTEX) -- </i> 

A joint venture between E.ON AG and Ruhrgas AG is the only potential investor to submit an initial bid for a strategic 34-pct stake in the Lithuanian gas distributor Lietuvos Dujos by today's deadline, the Lithuanian State Property Fund said. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Germany Utility Appeals Deal Block</b></font></a><br>

<font size="-1"><i>Feb 19 - Associated Press</i> 

German utility conglomerate E.On said Tuesday it has sought government approval for its acquisition of a 25.5 percent stake in Ruhrgas AG, the nation's main natural gas distributor, despite opposition from German antitrust authorities. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Canadian spot natgas prices jump with NYMEX rally</b></font></a><br>

<font size="-1"><i>CALGARY, Alberta, Feb 19 (Reuters)</i> 

Spot natural gas prices in Canada were carried higher on Tuesday by stronger U.S. physicals and futures as well as predictions of colder weather coming to Alberta, industry sources said. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>NYMEX Hub gas ends up with firm cash, cold forecasts</b></font></a><br>

<font size="-1"><i>NEW YORK, Feb 19 (Reuters)</i> 

NYMEX Hub gas ended higher Tuesday in fairly active trade, lifted by a firm physical market, some technical buying and forecasts for colder weather next week after a brief mild spell this week, sources said. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Overview: Monday, February 18, 2002</b></font></a><br>

<font size="-1"><i>Feb. 18 (Natural Gas Weekly Update)</i> 

Spot prices at many market locations finished the week on Friday, February 15 with sharp decreases that reversed most of the gains from earlier in the week. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Methane-Gas Drilling Boom in Trinidad, Colo., Draws Kansas Firms in Support</b></font></a><br>

<font size="-1"><i>By Mike Garrett, The Pueblo Chieftain, Colo., Feb. 18</i> 

Western Las Animas County's booming methane gas exploration and drilling is providing an extra boost to the economy with the attraction of peripheral companies that serve the industry. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>March Gas Futures Rallies to $2.405 amid Technical Run-up</b></font></a><br>

<font size="-1"><i>Feb. 19 (Btu's Daily Gas Wire)</i> 

March natural gas futures settled up 19.1 cents at $2.397 as the market achieved a bullish technical goal today in surpassing $2.40 and climbing 19.9 cents to post a $2.405 daily high. 

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<b>LNG</b>

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<font face="arial,helvetica,sans-serif" size="-1"><b>Pertamina ready to offer El Paso gas stake</b></font></a><br>

<font size="-1"><i>JAKARTA, Feb 19 (Reuters)</i> 

Indonesian state oil company Pertamina said on Tuesday it was ready to offer energy firm El Paso Corp a stake in upstream gas operations as part of negotiations to supply liquefied natural gas (LNG) to the United States. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Petronas unit signs additional LNG supply agreements with Japanese consortium </b></font></a><br>

<font size="-1"><i>KUALA LUMPUR, Feb 19, 2002 (AFX-Asia via COMTEX) -- </i> 

Petroliam Nasional Bhd (Petronas) unit Malaysia LNG Tiga Sdn Bhd signed a sale and purchase agreement with a consortium of three Japanese companies to supply a collective 1.6 mln tonnes of liquified natural gas (LNG) a year for 20 years beginning 2004. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>BP's Gas Pipeline Dreams Go On Hold</b></font></a><br>

<font size="-1"><i>By Tony Hopfinger, Anchorage Daily News, Alaska, Feb. 16</i> 

BP remains interested in a proposed Alaska natural gas pipeline to the Lower 48, but the estimated $15 billion and $20 billion is not financially feasible at today's gas prices, said chief executive John Browne. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Italian energy company says first of two gas lines completed</b></font></a><br>

<font size="-1"><i>Feb 19 - Associated Press</i> 

The first of two lines of the dlrs 2.3 billion gas pipelines that connect Russia to Turkey via the Black Sea has been completed, Italian oil and gas group Eni SpA said Tuesday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Interest Wanes in California Pipeline Projects with Slide of Natural Gas Prices</b></font></a><br>

<font size="-1"><i>Feb 19, 2002 - Oil & Gas Journal</i> 

When natural gas prices spiked to more than $60/Mcf in California last winter, pipeline companies rushed to fill a perceived capacity shortage. 

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<b>Rates</b>

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<font face="arial,helvetica,sans-serif" size="-1"><b>Winter Heating Comes Cheaper in Boulder County, Colo.</b></font></a><br>

<font size="-1"><i>By Matt Branaugh, Daily Camera, Boulder, Colo., Feb. 17</i> 

Residents and business owners in Boulder County and Colorado are likely paying at least 20 percent less for heating bills this winter compared to the unprecedented prices seen last year. 

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<b>Storage</b>

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<font face="arial,helvetica,sans-serif" size="-1"><b>ADVISORY-US EIA, API, AGA reports delayed by holidays</b></font></a><br>

<font size="-1"><i>2002-02-19 (Reuters)</i> 

The following is the schedule for the release of key U.S. oil and natural gas supply and inventory reports for the week of Feb. 18. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>MODERATE TEMPERATURES TO SEE COOL PULSES</b></font></a><br>

<font size="-1"><i>Feb. 19 (GasTrader)</i> 

According to a top weather forecaster this week is expected to see mostly normal to above normal temperatures, significant preciptitation, and periodic incursions of short lived cool air. 

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<b>People</b>

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<font face="arial,helvetica,sans-serif" size="-1"><b>Chairman of Houston-Based Oil Exploration, Production Firm Exits Post</b></font></a><br>

<font size="-1"><i>Houston Chronicle, Feb. 19</i> 

The chairman and co-founder of Houston-based Transmeridian Exploration has stepped down from his post for personal reasons, the company said Monday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Strike threatens thermo generation </b></font></a><br>

<font size="-1"><i>Chile, Feb 19, 2002 (BNamericas.com via COMTEX) -- </i> 

The strike by workers in the Argentine oil and gas industry could cut natural gas supplies to the Gasatacama and Norandino pipelines to northern Chile, threatening thermoelectric generation in Chile's northern grid (SING). 

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<b>Financial</b>

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<font face="arial,helvetica,sans-serif" size="-1"><b>Stock in Britian's Innogy Surges as Suitors Seek a Good Connection</b></font></a><br>

<font size="-1"><i>Evening Standard, London, Feb. 18</i> 

Shares in Innogy, the company behind the power household energy brand, soared to a record high today as potential bidders for the business broke cover. 

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<b>Financial - Results</b>

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<font face="arial,helvetica,sans-serif" size="-1"><b>El Paso Partners sees 2002 net income at $94 mln</b></font></a><br>

<font size="-1"><i>NEW YORK, Feb 19 (Reuters)</i> 

El Paso Energy Partners said on Tuesday it expected its net income for 2002 to be about $94 million, or 69 cents per unit, and expected capital expenditure for the year to be about $1 billion. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Chevron Texaco seeks investments in Korea-official</b></font></a><br>

<font size="-1"><i>SEOUL, Feb 19 (Reuters)</i> 

Chevron Texaco Corp. is seeking investment opportunities in South Korea ahead of the country's planned privatisation of its gas and power sector, an energy ministry official said on Tuesday, after the U.S. group's vice president Patricia A. Woertz met Shin Kook-hwan, Minister of Commerce, Industry and Energy. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Total chases Iran deals despite Bush comments</b></font></a><br>

<font size="-1"><i>By Tom Ashby, LONDON, Feb 19 (Reuters)</i> 

European oil major TotalFinaElf is chasing deals in several Middle East hotspots to fuel production growth and rejects the U.S. "axis of evil" label on Iran, its chief executive said on Tuesday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>TotalFinaElf wants to raise stake in project Dolphin</b></font></a><br>

<font size="-1"><i>Feb 19, 2002, (Les Echos /FT Information via COMTEX) -- </i> 

Franco-Belgian oil group TotalFinaElf confirmed yesterday that it wants to increase its stake in the project Dolphin. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Comgas to receive gas from Bolivia </b></font></a><br>

<font size="-1"><i>Brazil, Feb 18, 2002 (Gazeta Mercantil/SABI via COMTEX) -- </i> 

The operational agreement reached in mid-February between Petrobras, BG South Cone and TBG, the company which controls the Gasbol gas pipeline between Brazil and Bolivia, will permit the suuply of gas to Comgas, the Sao Paulo gas distributor. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Gas Natural denies has valued Enagas unit at 3 bln eur ahead of stake sale </b></font></a><br>

<font size="-1"><i>MADRID, Feb 19, 2002 (AFX-Europe via COMTEX) -- </i> 

Gas Natural SDG SA said it has not yet made a valuation of its fully-owned Enagas unit, denying an earlier report in Expansion. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Libya seeks to develop its gas industry </b></font></a><br>

<font size="-1"><i>TRIPOLI, Libya, Feb 19, 2002 (United Press International via COMTEX) -- </i> 

Libya, an oil-producing country, is planning to develop its natural gas industry through the exploitation of a field expected to produce 250 million cubic feet of gas a day, sources at the oil and gas prospecting company Al Waha said Tuesday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>U.S. investors to bid for gas, power projects in Pakistan </b></font></a><br>

<font size="-1"><i>ISLAMABAD, Feb 19, 2002 (Kyodo via COMTEX) -- </i> 

U.S. investors have approached U.S. Export-Import Bank and the U.S. Overseas Private Investment Corp. (OPIC) for financial assistance in bidding for the proposed privatization of oil, gas and power projects in Pakistan, members of a U.S. government delegation said Tuesday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Union Fenosa's Reinoso calls for harmonised gas/electricity regulation </b></font></a><br>

<font size="-1"><i>MADRID, Feb 19, 2002 (AFX-Europe via COMTEX) -- </i> 

The regulatory framework governing the electricity and gas sectors needs to be harmonised given the increasingly important links between the two industries, Union Electrica Fenosa SA CEO Victoriano Reinoso said. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Spain new gas sector regulation corrects imbalances of privatisation - Rato </b></font></a><br>

<font size="-1"><i>MADRID, Feb 19, 2002 (AFX-Europe via COMTEX) -- </i> 

The government's new gas sector regulation, effective today, will correct the "imbalances which restrict free competition through a lack of transparency," Economy Minister Rodrigo Rato said. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Gas terminal would have minimal impact on area, hearing is told</b></font></a><br>

<font size="-1"><i>Feb 19 - Irish Times</i> 

The proposed gas terminal for the Corrib Gas Field off north Mayo is to be constructed and operated in such a way as to have minimal environmental impact on the surrounding area, according to representatives of the applicant company, Enterprise Energy Ireland (EEI). 

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