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Williams Announces Buccaneer Pipeline Results

Williams Announces Buccaneer Pipeline Results

In the race to obtain as much of the bounteous Florida market as possible, Williams has taken the early lead over Coastal as the company reported 1.3 Bcf/d in nominations received during the Buccaneer Pipeline open season. The open season ended in late March.

The Buccaneer is one of two planned pipelines that would extend from Alabama's Mobil Bay to Florida's Gulf Coast. Coastal's Gulfstream Natural Gas System is the other project. The Buccaneer is designed to extend 420 miles to Florida, then branch out in an easterly direction for 250 miles to serve the center of the state. Coastal also held an open season for the Gulstream pipeline, but the results are not available.

"This tremendous response from the market confirms our view that there is significant demand for natural gas in the state of Florida," said Cuba Wadlington Jr., senior Vice president of Williams Gas Pipeline-Transco. "We believe the proposed Buccaneer Gas Pipeline is the most economic and environmentally responsible design to meet Florida's rapidly increasing energy needs."

Williams expects the state to need more than 10,000 MW of additional power generation capacity by 2007, which would require an additional 1.5 Bcf/d of gas.

Williams plans to file the project with FERC during the third quarter of this year. The project is expected to be completed by April 2002. The precise route of the Buccaneer has not been determined yet, and Williams is still meeting with public officials of Central Florida to determine the best path.

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