FGT Holding Phase V Open Season
Florida Gas Transmission (FGT) said it is conducting an open
season through April 30 for another expansion project, its Phase V
expansion, which is designed as an alternative to two major
Gulf-crossing pipeline competitors, the Buccaneer and Gulfstream
pipelines, proposed by Williams and Coastal, respectively.
"With our existing pipeline infrastructure, Florida Gas
Transmission has the ability to meet our customers' growing energy
needs through economical expansions that minimize the impact on
land use and the environment," said Rockford G. Meyer, FGT
president. The estimated initial in-service date of the project is
late 2001 or early 2002.
FGT will consider offers from existing shippers to permanently
release firm capacity, reducing the need for construction.
Interested shippers should contact an FGT marketing representative
at (713) 853-6154.
FGT's $350 million proposed Phase IV expansion is expected to be
in service by May 2001. For the Phase IV expansion, eight shippers
executed 20-year firm commitments for 272,000 MMBtu/d of
incremental firm service, net of turn-back capacity.
Coastal and Williams, however, are attempting to capture for the
first time some of FGT's prized Florida marketplace with their
Gulfstream and Buccaneer projects. Both pipelines would stretch
from Mobile, AL, across the Gulf of Mexico to Tampa, FL, and cross
the state of Florida to cities along the Atlantic Coast. Each would
be designed to carry between 700 MMcf/d and 1 Bcf/d of gas. Coastal
said recently it already has the early market lead with nine
shippers backing its 700-mile Gulfstream project. An open season
for Gulfstream ends next Monday. Buccaneer also is holding a March
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