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
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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