---------------------- 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 (c) 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

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